MONTREAL and MISSISSAUGA, ON, Nov. 20, 2013 /CNW Telbec/ - Air Canada
and Cargojet today announced they have signed a Letter of Intent (LOI)
to explore strategic opportunities in both cargo and airline operations
within Canada and in international markets.
The carriers intend to pursue strategic opportunities and increase
cooperation in various areas such as global sales and marketing,
expanded interline opportunities and enhanced connectivity that would
increase revenues and reduce operating costs. Both airlines would work
towards providing optimized services to the shipping community on their
"We are looking forward to working with Air Canada towards improving the
depth and reach of both companies' air cargo services, both
domestically and internationally, among other strategic opportunities,"
said Ajay K. Virmani, President and Chief Executive Officer of
"We are very pleased to be in discussions with Cargojet to explore
opportunities for revenue growth and synergies that will be mutually
beneficial for both our companies and customers," said Lise-Marie
Turpin, Air Canada Cargo Vice President. "Developing further our
relationship with Cargojet is an exciting opportunity."
The implementation of new strategic initiatives would be subject to Air
Canada and Cargojet making any necessary filings, obtaining regulatory
approvals and finalizing documentation.
Air Canada Cargo provides direct cargo service world wide offering the
shipping community business solutions that meet their needs efficiently
and cost effectively. For more information, visit www.aircanadacargo.com. Air Canada is Canada's largest domestic and international airline
serving more than 175 destinations on five continents. Canada's flag
carrier is among the world's 10 largest commercial airlines and in 2012
served close to 35 million passengers. Air Canada provides scheduled
passenger service directly to 60 Canadian cities, 49 destinations in
the United States and 67 cities in Europe, the Middle East, Asia,
Australia, the Caribbean, Mexico and South America. For more
information, please visit: www.aircanada.com.
Cargojet is Canada's leading provider of time sensitive overnight air
cargo services that constitutes over 50 per cent of domestic overnight
air cargo capacity. Cargojet operates its network across North America
each business night, utilizing a fleet of thirteen all-cargo aircraft.
For more information, please visit: www.cargojet.com.
SOURCE: Air Canada
For further information:
Isabelle Arthur (Montréal) 514 422-5788
Peter Fitzpatrick (Toronto) 416 263-5576
Angela Mah (Vancouver) 604 270-5741
Vice President Marketing, Public & Government Relations
Tel: (905) 501 7373