Ajay Virmani featured on Business News on BNN

    MISSISSAUGA, ON, June 5 /CNW/ - Cargojet Income Fund (the "Fund") (TSX:
CJT.UN) announced today that Ajay K. Virmani, President and Chief Executive
Officer of the Fund, will be featured on the BNN production of "The Business
News With Howard Green" on Thursday, June 5, 2008 at 6:30pm. Alternatively the
interview may be seen by web cast on www.bnn.ca.
    Canada's leading prime-time business newscast brings you a complete
round-up of the day's most important events. Every night, Howard Green
interviews top newsmakers - bank presidents, oil barons, the world's most
celebrated CEOs. The Business News has it all; comprehensive coverage,
outstanding analysis, and the day's most important newsmakers. Mr. Virmani has
been invited to share his views on the current conditions of the global
aviation market.

    BNN is Canada's most trusted business source and provides daily access to
the brightest financial and business experts in Canada. BNN is also Canada's
first and only all business news station to webcast on the Internet.

    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 thirty-five all cargo aircraft.

    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. 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

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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