Cargojet Income Fund Announces Executive Change

TORONTO, March 5 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN) announced today the appointment of Mr. John Kim as Chief Financial Officer of the Fund effective April 1, 2010. John will replace Mr. Dan Mills. Mr. Mills is retiring to spend more time with his family and pursue other personal interests. Mr. Mills is one of the founding principals of Cargojet and recently was the Executive Vice President Corporate Governance and the held the CFO position from Cargojet's inception.

"We wish Dan the very best with his future endeavors and will certainly miss him and his expertise. We do understand and support his decision and are sincerely thankful to Dan for his many contributions during his tenure with Cargojet. John is currently the Vice President of Finance and we welcome John into this role." said Ajay K. Virmani, President and CEO of the Fund.

Cargojet is Canada's leading provider of time sensitive overnight air cargo services. Cargojet operates its network across North America, transporting over 750,000 pounds of time sensitive air cargo each business night, utilizing a fleet of forty-one all-cargo aircraft.

    
    Notice on Forward Looking Statements:
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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. 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.

%SEDAR: 00022068E

SOURCE Cargojet Inc.

For further information: For further information: Pauline Dhillon, VP Marketing, Public and Government Relations at (905) 501-7373 ext 135 or at pdhillon@cargojet.com


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