Cargojet Announces the Expansion of Freighter Service to Air Canada Cargo between Canada and Europe
MONTREAL, QB and MISSISSAUGA, ON, November 4, 2016 – Cargojet Airways Ltd., a subsidiary of Cargojet Inc. (TSX: CJT, CJT.A), (“Cargojet’) announced today the expansion of freighter service to Air Canada Cargo, through its commercial agreement, expanding their freighter service to Frankfurt effective November 19, 2016.
The new Air Canada Cargo flight, operated with a Cargojet B767-300 freighter, will depart on Saturdays to Frankfurt, Germany (FRA). This new flight will provide connectivity with flights already operating to/from Mexico City and to the recently expanded second frequency per week operated between Canada and Bogota, Columbia and Lima, Peru, which began in mid-October.
"The growth of our freighter service allows us to increase our global reach and leverage our substantial, growing international network" said Lise-Marie Turpin, Vice President, Air Canada Cargo. "It also allows us to offer specialty main deck service to our customers with year-round capacity on key lanes."
"We are very pleased with the expansion of our services, as we grow our relationship with Air Canada Cargo," said Ajay K. Virmani, President and Chief Executive Officer of Cargojet. "It allows us to continue to optimize our overall freighter aircraft utilization and to expand our range of air cargo services", he added.
Cargojet is Canada's leading provider of time sensitive overnight air cargo services. Cargojet services 14 major city centers coast to coast each business night. Cargojet operates its network across North America carrying approximately 1,300,000 pounds of cargo each business night. Cargojet has a fleet of 22 aircraft consisting of B767-300ER, B767-200ER, B757-200ER and B727-200AF long range freighter aircraft. For more information please visit www.cargojet.com
About Air Canada Cargo
Air Canada Cargo provides direct cargo services to over 150 Canadian, U.S. transborder and international destinations and has sales representation in over 50 countries. With hubs in Montreal, Toronto, Calgary, Vancouver, London and Frankfurt, the Air Canada Cargo network is extended through interline agreements with other air carriers and ground trucking services offered in selected markets, serving more than 450 destinations in all.
Air Canada Cargo is Canada’s largest provider of air cargo services as measured by cargo capacity. Main customers are large freight forwarding companies and businesses whose products require the use of air services to expedite time sensitive cargo shipments. Shipping solutions are tailored to best meet specific commodities and time requirements of our customers cost-efficiently. For more information, please visit: www.aircanada.com/cargo
Notice on Forward Looking Statements:
This news release includes forward-looking statements within the meaning of applicable securities laws. Forward-looking statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may involve, but are not limited to, comments relating to preliminary results, guidance, strategies, expectations, planned operations or future actions. Forward-looking statements are identified by the use of terms and phrases such as "preliminary", "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Forward-looking statements, by their nature, are based on assumptions, including those described herein and are subject to important risks and uncertainties. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including the factors identified throughout this news release and those identified in any issuer’s public disclosure record. The forward-looking statements contained in this news release represent expectations as of the date of this news release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, is disclaimed, except as required under applicable securities regulations
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