TORONTO, Aug. 13 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
- Cargojet is pleased to announce the expansion of its aircraft maintenance
hangar facilities at John C. Munroe Airport in Hamilton, ON.
Construction is underway and will include a new 65,000 square feet
hangar, 12,000 square feet of shop, offices and parts warehouse area as well
as a 75,000 square foot apron area. The new facility will accommodate a Boeing
767-200 Extended Range and a Boeing 757-200 Extended Range aircraft
simultaneously and will provide apron parking for up to three widebody and
"We are very excited with the investment and expansion of our maintenance
hangar facilities at Hamilton Airport. This will provide our new aircraft with
a proper maintenance base create additional employment opportunities and is
another milestone in Cargojet's continued growth as Canada's Cargo Airline,"
says Ajay Virmani, President & CEO of the Fund.
"Cargojet has been a key partner in Hamilton International Airport
becoming the number one intermodal cargo airport in Canada. This investment by
Cargojet shows we are just scratching the surface of the opportunity in this
market for local and international cargo," says Richard Koroscil, President &
CEO of Hamilton International Airport.
Cargojet is Canada's leading provider of time sensitive overnight air
cargo services. Cargojet operates its network across North America,
transporting over 885,000 pounds of time sensitive air cargo each business
night, utilizing a fleet of thirty-four all cargo aircraft.
Notice on Forward Looking Statements:
Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and provide an
opinion as to the effect of certain events and trends on the business.
Forward-looking statements may include words such as "plans," "intends,"
"anticipates," "should," "estimates," "expects," "believes," "indicates,"
"targeting," "suggests" and similar expressions. These forward-looking
statements are based on current expectations and entail various risks and
uncertainties. Reference should be made to the issuer's most recent Annual
Information Form filed with the Canadian securities regulators, and its most
recent Annual Consolidated Financial Statements and Quarterly Financial
Statements and Notes thereto and related Management's Discussion and Analysis
(MD&A), for a summary of major risks. Actual results may materially differ
from expectations, if known and unknown risks or uncertainties affect our
business, or if our estimates or assumptions prove inaccurate. The issuer
assumes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or any other reason,
other than as required by applicable securities laws. In the event the issuer
does update any forward-looking statement, no inference should be made that
the issuer will make additional updates with respect to that statement,
related matters, or any other forward-looking statement.
For further information:
For further information: Pauline Dhillon, VP Marketing, Public &
Government Relations, (905) 501-7373 ext 135 or at email@example.com