Ajay Virmani Speaks to the Sauder School of Business

    MISSISSAUGA, ON, Oct. 22 /CNW/ - Cargojet Income Fund (the "Fund")
(TSX: CJT.UN) On October 17, students in the Sauder School of Business 2007
MBA program were engaged with one of Canada's leading business figures, Ajay
Virmani, President and Chief Executive Officer of Cargojet, Canada's Cargo
    "Ajay Virmani reflects the very essence of what we try to convey to our
MBA students, actually all students for that matter; a sense of
inquisitiveness, commitment, determination, respect for others and teamwork.
His entire talk was an illustration of a life journey, which included each of
his personal philosophies; in short, 'he walks the talk'. He made a huge
impression on the students as well as faculty for his easy manner, his very
human approach and story and his sense of vision. Entrepreneurs are not born
but are made, self-made with a lot of effort. The students did not see Ajay as
lecturing to them as having a conversation with them, it was a horizontal
relationship not vertical and that reflects his philosophy and his view of
people. Ajay and Cargojet have made a lasting impression on all of the core
MBA (2007) students and the faculty. They very much admire him for all he has
done and how he has done it," said Professor David Gillen, Sauder School of
    "I was honoured to be invited as a guest speaker before an exceptional
group of the future business leaders of Canada. Being back in a university
setting was refreshing. Having an opportunity to share my life experiences and
philosophies was personally rewarding. I sincerely hope that I contributed to
life and learning experience of these students," said Ajay Virmani.

    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 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, at Tel: (905) 501-7373, or pdhillon@cargojet.com.

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