Cargojet Income Fund Announces Appointment of Chief Financial Officer

    TORONTO, March 14 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
is pleased to announce today the appointment of Mr. Dan Mills as
Chief Financial Officer of the Fund with immediate effect, he will be
replacing Mr. Wade Morrell who is leaving the company for personal reasons.
Mr. Mills is one of the founding principals of Cargojet and currently is the
Executive Vice President Corporate Governance and held the CFO position from
Cargojet's inception to June 2007.
    "We wish Wade the very best with his future endeavors and will certainly
miss him and his expertise. We do understand and support his decision and are
thankful to Wade for his many contributions during his tenure with Cargojet.
We are very excited to have Dan Mills assume this role once again and provide
his guidance and leadership to the Cargojet Team," 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 840,000 pounds of time sensitive air cargo each business
night, utilizing a fleet of twenty-two 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: please contact: Pauline Dhillon, VP Marketing,
Public and Government Relations, at (905) 501-7373 ext 135, or at

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