Cargojet Provides Update on Fleet Strategy
MISSISSAUGA, ON, January 15, 2024 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX:CJT) today provided an update on its ongoing efforts to further streamline its fleet strategy and the associated impacts to capital expenditures and cashflows. “Throughout 2023 we exercised caution in deploying growth capital given the softer economic conditions” said Dr. Ajay Virmani, […]
Cargojet Redeems Outstanding 5.75% Senior Unsecured Hybrid Debentures due April 30, 2024
Mississauga, ON, December 29, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today (the “Redemption Date”) that it has redeemed the $86,250,000 aggregate principal amount outstanding on its 5.75% senior unsecured hybrid debentures due April 30, 2024. The Corporation paid the principal amount and all accrued and unpaid interest up to, but […]
Cargojet and Canadian North Announce Renewed Cargo Partnership
Renewed Partnership to Increase Cargo Capacity in Canada’s Arctic December 27, 2023 Mississauga, Ontario – Cargojet, Canada’s leading provider of air cargo services, and Canadian North, the Arctic’s leading airline, today unveiled a renewed cargo partnership aimed at increasing capacity to better serve Canada’s Arctic. The renewal deepens a 20-year relationship, furthering their joint […]
Cargojet Announces the Redemption of its 5.75% Senior Unsecured Hybrid Debentures due April 30, 2024
Mississauga, ON, November 14, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX:CJT) today announced its intention to redeem in full on December 29, 2023 (the “Redemption Date”) all of its then-outstanding 5.75% senior unsecured hybrid debentures due April 30, 2024 (the “Debentures”) in accordance with the provisions of the indenture (the “Indenture”) dated […]
Cargojet Announces Leadership Transition and Appoints Co-CEOs
Mississauga, ON, November 13, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce a significant leadership transition. Effective January 1, 2024, Pauline Dhillon, currently serving as Chief Corporate Officer, and Jamie Porteous, currently Chief Strategy Officer, will be appointed Co-Chief Executive Officers (Co-CEOs) and Dr. Ajay Virmani, currently serving […]
Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman
Mississauga, ON, November 13, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) Board of Directors is pleased to announce a significant leadership transition. After launching Cargojet 22 years ago as Founder and Chief Executive Officer, Dr. Ajay Virmani will be stepping into the role of Executive Chairman effective January 1, 2024 and […]
Cargojet Increases Quarterly Dividend by 10%
Mississauga, ON, Nov 7, 2023 – the Board of Directors of Cargojet Inc. has declared a cash dividend of $0.3146 per common voting share and variable voting share for the period from October 1, 2023, to December 31, 2023, an increase of $0.0286 or 10.0% per share from the previous quarter. “This increase in […]
Cargojet Announces Normal Course Issuer Bid for Voting Shares
Mississauga, ON, November 7, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX:CJT) today announced that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with a normal course issuer bid (“NCIB”) for a portion of its common voting shares and variable voting shares (together, the “Shares”). The Corporation has […]
Cargojet Announces Third Quarter Results
Mississauga, ON, November 7, 2023 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX:CJT) announced today financial results for the third quarter ended September 30, 2023. Total Revenues for the quarter were $214.0 million compared to third quarter 2022 Revenues of $232.7 million. Revenues, excluding fuel, was $177.7 million compared to $175.6 million. Adjusted EBITDAfor the […]
Cargojet Renews IATA’s IOSA Registration
October 19th, 2023 Mississauga, – Cargojet has recently renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration. IOSA is an internationally recognized and accepted evaluation system designed to assess the operational management and control systems of an airline. IOSA uses internationally recognized quality audit principles to conduct audits in a standardized […]