The airline successfully launched an Initial public offering (IPO) in February 2006 – units of the income trust trade as JAZ.UN.
In February 2006 Air Canada announced that City Centre Aviation Limited (CCAL) had served a 30-day termination notice for Jazz's month-to-month lease of terminal space at Toronto City Centre Airport.[2] The Toronto Port Authority itself does not control any significant terminal space at the airport, but it extended permission for Jazz to continue using the airport; however, since the airline could not find terminal space, they canceled service to the airport at the end of February 2006. CCAL is owned by REGCO Holdings, are also the owners of the new Porter Airlines which launched service from the airport to Ottawa (the former Air Canada Jazz route) in fall 2006.
*Executive Class is only available on Bombardier CRJ 705 aircraft (AVOD) audio-video on demand
Bombardier Aerospace delivered the first of its new regional jet variant, the 75-passenger CRJ 705, to Air Canada Jazz on May 27, 2005[3]. The aircraft was the first of 15 CRJ 705 and 15 CRJ 200 aircraft ordered in September 2004. The new aircraft undertook its first revenue earning flight on June 1, 2005 from Calgary to Houston[4]. In mid-2006, the last Air Canada Bombardier CRJ 100 was transferred to Air Canada Jazz[5].
Air Canada Jazz is also interested in purchasing some of SAS' Q400 aircraft (After SAS grounded their entire fleet of Q400's) to replace some of Air Canada Jazz's current 24 CRJ100 fleet. The Q400 turboprop aircraft could be used on high demand routings like Vancouver – Victoria, Ottawa-Montreal and Calgary-Edmonton. Air Canada Jazz has also be interested in buying the Q400 for many years.[3]
