Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT, CJT.A) announced today that it has purchased a ground handling and GSE company at Mirabel International Airport in Québec for approximately $3.0 million. The agreement to purchase includes all company assets and assumes all current lease arrangements.
“The acquisition of this ground handling and GSE company is the continuation of our strategic initiative to insource all ground handling operations at airports across our Canadian network.” said Ajay Virmani, Chief Executive Officer. “We are pleased to welcome our new team members to the Cargojet family and look forward to integrating and growing our business at Mirabel and across the country by continuing providing our customers continued best in class air cargo service and reliability,” concluded Mr. Virmani.
Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft.