Cargojet Income Fund Announces Distribution



    TORONTO, March 21 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
announced today a cash distribution of $0.0964 per unit for the period from
March 1, 2007 to March 31, 2007. The distribution will be paid to unitholders
of record at the close of business on March 31, 2007 and will be payable on or
before April 15, 2007.
    For those unitholders holding units outside a tax deferred plan, the Fund
estimates that 86% of the distributions made in 2007 will be treated as
taxable income and the balance as a return of capital. The proportion of these
figures may change when the actual results for the fiscal year are calculated.

    Cargojet Holdings Ltd. is Canada's leading provider of time sensitive
overnight air cargo service. Cargojet operates its network from coast to coast
transporting over 500,000 pounds (226.8 tonnes) of volumetric time sensitive
air cargo to thirteen major cities in Canada each business night.
    %SEDAR: 00022068E




For further information:

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


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