MONTREAL, QC and MISSISSAUGA, ON, April 13, 2018 – Air Canada (TSX: AC) and Cargojet Airways Ltd., a subsidiary of Cargojet Inc. (TSX: CJT, CJT.A), (“Cargojet”) today announced they are finalizing a commercial arrangement that will result in Air Canada Cargo introducing dedicated freighter services from Canada to Latin America and Europe with Boeing 767-300ER freighter aircraft operated by Cargojet. Air Canada Cargo will become the only provider of direct scheduled freighter service between Canada and Latin America.
The new Air Canada Cargo flights will provide 52 tonnes of net cargo capacity and are scheduled to begin June 9, 2018, subject to obtaining the necessary regulatory approvals.
Initial service will operate on the following routes:
Under the arrangement, Air Canada Cargo also plans to introduce dedicated freighter service to Europe from Toronto in the second half of 2016.
“We are thrilled to offer our customers the only dedicated freighter service between Canada and Latin America,” said Lise-Marie Turpin, Vice President, Air Canada Cargo. “Working with Cargojet, we are able to leverage and build upon Air Canada’s extensive North American and international networks. We look forward to continuing to grow our dedicated freighter network to Europe later this year and for a successful and mutually beneficial relationship with Cargojet into the future.”
“This new arrangement builds on Cargojet’s long-standing relationship with Air Canada Cargo and is a win-win for both parties,” said Ajay K. Virmani, President and Chief Executive Officer of Cargojet. “It allows us to optimize our overall freighter aircraft utilization and to expand our range of services and customer base with Air Canada.”
“As a strong supporter of Cargojet we are excited to share this news with the air cargo industry as it means greater opportunity for us with this new sector” says Chris Ralphs, President of Great Circle Air Charter Inc. Chris also stated that with the current focus on the mining industry this will prove beneficial for GCAC Inc customers in the long run as we harness new business. Chris said, “Air freight helps meet urgent needs of our mining customers during periods of high demand and helps to match supply with the frequent market fluctuations”.