Cargojet Announces New Director

MISSISSAUGA, ON, March 9, 2015 /CNW/ - Cargojet Inc (TSX: CJT.UN) announced today the appointment of Mr. James R. Crane as a Director of the Cargojet Board.   He will replace Mr. Terence Francis, who retired from the Board effective March 8, 2015. 

"We welcome Mr. Jim Crane to his new role as a Director of Cargojet and will seek his guidance and contributions to the continued growth of Cargojet,' said Ajay Virmani, President and CEO. "We are excited to have Jim as a member of our Board; his valuable insights will be significant to Cargojet's growth strategy in the years to come. I would also like to thank Terry Francis for his contributions to Cargojet and wish him the very best in his future endeavours," adds Virmani.

"I am thrilled to join the Board of Directors of Cargojet. Ajay and his team have built Canada's Cargo Airline, tremendously helping Canadian businesses serve all their stakeholders throughout the world," says Jim Crane, Chairman of Crane Worldwide Logistics.

Cargojet is Canada's leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night.  Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft. For more information, please visit: www.cargojet.com.

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.

SOURCE Cargojet Inc.

For further information: please contact: Pauline Dhillon, Senior Vice President Marketing, Public & Government Relations, Tel: (905) 501-7373, pdhillon@cargojet.com


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