Cargojet Income Fund Announces Distribution



    MISSISAUGA, Nov. 21 /CNW/ - Cargojet Income Fund (the "Fund")
(TSX: CJT.UN) announced today a cash distribution of $0.0964 per unit for the
period from November 1, 2007 to November 30, 2007. The distribution will be
paid to unitholders of record at the close of business on November 30, 2007
and will be payable on or before December 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 services. Cargojet operates its network across North America,
transporting over 840,000 pounds of time sensitive air cargo each business
night, utilizing a fleet of twenty all cargo aircraft.

    %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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