Cargojet Announces Enhanced Live Animal Air Cargo Program

    TORONTO, Jan. 25 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN),
Canada's leading domestic premium overnight air cargo network operator today
announced plans to enhance its live animal shipping program. Cargojet
specializes in the handling and transportation of varying types of live
animals including horses, cattle, and other exotic animals for zoological,
agricultural and other reasons.
    The IATA Live Animals Regulations (LAR), a worldwide standard for
transporting live animals by commercial airlines, governs the carriage of live
animals by air. Cargojet complies with these and any other regulatory
authority to ensure all animals are transported safely and humanely by air.
    "Cargojet provides specialized air freight services including charters to
meet the needs and requirements of transporting live animals," says Ajay K.
Virmani, President and CEO of the Fund. "Our commitment to the live air cargo
market is part of Cargojet's continuing response to increasing customer demand
for additional specialized and value-added air cargo services," adds Virmani.

    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 20 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 or

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