Cargojet Income Fund Announces Distribution



    TORONTO, Oct. 22 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
announced today a cash distribution of $0.0964 per unit for the period from
October 1, 2007 to October 31, 2007. The distribution will be paid to
unitholders of record at the close of business on October 31, 2007 and will be
payable on or before November 15, 2007.
    For those unitholders holding units outside a tax deferred plan, the Fund
estimates that 94% 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 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 (249 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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