Cargojet honoured with Transportation Health & Safety Award

    TORONTO, June 26 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN),
Canada's leading domestic premium overnight air cargo network, today announced
they are the recipients of the Transportation Health & Safety Award. This
award is presented annually by the Transportation Health and Safety
Association of Ontario (THSAO). Criteria for this award involves companies
operating with an injury frequency and cost rate factor below their rate group
average for at least three consecutive years.
    "We are honoured to be recipients of this prestigious award. We have
worked extremely hard to promote safety in the workplace. Safety is of the
highest priority at Cargojet and every measure is taken to ensure that it is
never compromised at any level. We dedicate this award to every member of our
committed Team,' says Ajay K. Virmani, President and CEO of the Fund.
    "We continuously operate at the highest levels of safety, ensuring
standards are never compromised for our team, thus allowing them to carry out
their responsibilities and to continue to provide excellence in on-time
performance," adds Ms. Angel Campbell, Director of Safety Management Systems.
    "It is important to appreciate that with the added emphasis the Ministry
of Labour has placed on safety performance targeting, the selection criteria
has become more restrictive. This only serves to further enhance the value of
Cargojet's accomplishment," says Michael J. Burke, President and CEO of
Transportation Health and Safety Association of Ontario.

    Cargojet Holdings Ltd. is Canada's leading provider of time sensitive
overnight air cargo service. Cargojet operates its network from coast to coast
transporting over 500,000 pounds (226.8 tonnes) of volumetric time 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, Tel: (905) 501 7373 ext 135,

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