TORONTO, Sept. 27 /CNW/ - Cargojet Income Fund (the "Fund") (TSX:
CJT.UN), Canada's leading domestic premium overnight air cargo network, today
announced that it has signed agreements with existing customers for additional
capacity and revenues.
As a result of increased customer demand, Cargojet will operate
additional routes, utilizing B727-200F Advanced Freighter Aircraft, between
Canadian cities and major U.S. cities. It is anticipated these new routes will
contribute approximately $20M in additional annual revenues.
"We are very pleased to be in a position to react to our customers demand
for additional cost-effective and value added air cargo services", says Ajay
K. Virmani, President and CEO of the Fund. "These new services are reflective
of Cargojet's on-going commitment to be the country's dominant air cargo
service provider and to offer growth opportunities for our customers, our
employees and our unitholders", added Virmani.
Cargojet is Canada's leading provider of time sensitive overnight air
cargo service. Cargojet operates its network from coast to coast transporting
over 550,000 pounds time sensitive air cargo to thirteen major cities in
Canada each business night.
For further information:
For further information: P. Dhillon, Vice President Marketing, Public &
Government Relations, Tel: (905) 501-7373, firstname.lastname@example.org