Cargojet Income Fund Announces Timing of Annual General Meeting and First Quarter 2007 Results

    TORONTO, April 23 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
announced today the Annual and Special meeting of Unitholders of Cargojet
Income Fund will be held at the TSX Gallery, the Exchange Tower, 130 King
Street West, Toronto, Ontario on Tuesday, May 8, 2007 at 4:00 p.m. EST.
    First Quarter 2007 Results will be filed with SEDAR and posted on the
Fund's website on Monday, May 7, 2007 at Management will
also be reviewing First Quarter 2007 results at this meeting.

    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,

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