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Cargojet Inc
Symbol CJT
Shares Issued 10,549,586
Close 2016-11-03 C$ 42.90
Market Cap C$ 452,577,239
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Cargojet to offer freighter service to Frankfurt

2016-11-04 15:10 ET - News Release

Mr. Ajay Virmani reports

CARGOJET ANNOUNCES THE EXPANSION OF FREIGHTER SERVICE TO AIR CANADA CARGO BETWEEN CANADA AND EUROPE

Cargojet Airways Ltd., a subsidiary of Cargojet Inc., has expanded its freighter service to Air Canada Cargo, through its commercial agreement, expanding its freighter service to Frankfurt, effective on Nov. 19, 2016.

The new Air Canada Cargo flight, operated with a Cargojet B767-300 freighter, will depart on Saturdays to Frankfurt, Germany. This new flight will provide connectivity with flights already operating to/from Mexico City and to the recently expanded second frequency per week operated between Canada and Bogota, Columbia, and Lima, Peru, which began in mid-October.

"The growth of our freighter service allows us to increase our global reach and leverage our substantial, growing international network," said Lise-Marie Turpin, vice-president of Air Canada Cargo. "It also allows us to offer specialty main deck service to our customers with year-round capacity on key lanes."

"We are very pleased with the expansion of our services as we grow our relationship with Air Canada Cargo," said Ajay K. Virmani, president and chief executive officer of Cargojet. "It allows us to continue to optimize our overall freighter aircraft utilization and to expand our range of air cargo services," he added.

About Cargojet

Cargojet is Canada's leading provider of time-sensitive overnight air cargo services. Cargojet services 14 major city centres coast to coast each business night. Cargojet operates its network across North America, carrying approximately 1,300,000 pounds of cargo each business night. Cargojet has a fleet of 22 aircraft.

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