Cargojet Announces Expansion Of ACMI Services With DHL

Mississauga, ON, December 8, 2020 - Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) formally announced today the expansion of its dedicated ACMI aircraft agreement with DHL Express with the addition of three international routes.  The new routes are operated by three (3) dedicated B767-300F Cargojet freighter aircraft between Hamilton, Canada; DHL Express hub in Cincinnati, Ohio; and continuing to Monterrey, Mexico; and the United Kingdom.

These routes were initially started in April 2020 and October 2020 on a temporary basis, as global demand for dedicated air cargo services soared as a result of the Covid-19 pandemic and the resulting reduction in belly cargo capacity in passenger aircraft. Cargojet was well-positioned to assist DHL Express in quickly adding required cargo capacity and is very pleased to transition these routes to longer-term arrangements to provide dedicated air cargo capacity to DHL. This brings the total dedicated ACMI aircraft operated by Cargojet for DHL Express to nine aircraft.
“We are very pleased to continue to grow our long-standing relationship with DHL globally and look forward to continue to provide DHL and its customers with exceptional on-time performance and service levels,” said Ajay K. Virmani, President and CEO for Cargojet.

“DHL Express welcomes the opportunity to expand its relationship with long-time partner Cargojet to help support our commitment to our customers and meet ever-growing demands for capacity and shipment growth, especially on these critical transatlantic lanes,” said Jon Olin, VP of Aviation for DHL Express Americas. “Cargojet has proven itself to be a safe, reliable and dedicated air operator for the company.”