Cargojet Expands Relationship with Amazon
MISSISSAUGA, ON, April 1, 2021 /CNW/ – Cargojet Inc. (“Cargojet”) (TSX: CJT) announced today that it has entered into a new Air Transportation Services Agreement with Amazon Canada Fulfillment Services, ULC (“Amazon”). Under the agreement, Cargojet will expand upon its existing commercial relationship with Amazon. As part of this arrangement, Cargojet will operate two Amazon-owned B767-300BDSF aircraft as part […]
Cargojet Announces Voting Results From Annual Meeting of Shareholders
MISSISSAUGA, ON, March 30, 2021 /CNW/ – Cargojet Inc. (TSX: CJT) (“Cargojet” or the “Company”) announced the voting results from its annual meeting of shareholders held today virtually via live audio webcast. Shareholders voted in favour of all items of business, including the election of each of the director nominees as follows: Nominee Votes For Votes Withheld (a) Ajay Virmani(b) […]
Cargojet Announces New Director Appointment
Substitute Nominee to Stand for Election to Board of Directors at Upcoming Annual Shareholders Meeting MISSISSAUGA, ON, March 17, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation“) (TSX: CJT) is pleased to announce that Mr. Alan Gershenhorn has been appointed to its board of directors (the “Board“) effective today and will stand for election at the Corporation’s Annual Meeting of […]
Cargojet Increases Quarterly Dividend by 11.1%
MISSISSAUGA, ON, March 4, 2021 /CNW/ – The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2600 per common voting share and variable voting share for the period from January 1, 2021 to March 31, 2021, an increase of $0.0260 or 11.1% per share from the previous quarter. “In recognition of our 2020 results and our strengthened financial position, our Board […]
Cargojet Ends the Year with a Strong Finish in the Fourth Quarter
MISSISSAUGA, ON, March 1, 2021 /CNW/ -Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the fourth quarter and year ended December 31, 2020. Total Revenues for the quarter were $187.1 million compared to fourth quarter 2019 Revenues of $139.7 million. Gross Margin for the quarter was $69.3 million compared to fourth quarter 2019 Gross Margin of $41.6 million. Adjusted EBITDA […]
Cargojet Announces Plans for Fleet and Route Expansion
MISSISSAUGA, ON, Feb, 10, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today a comprehensive plan for its fleet and route expansion to meet domestic and international growth opportunities starting 2021 and beyond. Having successfully raised $365 million, earlier this month, through an equity raise to pay off debt and acquire new aircraft, Cargojet […]
Cargojet Announces Timing of Annual General Meeting of Shareholders
MISSISSAUGA, ON, Feb. 9, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today that the annual general meeting of shareholders (the “Meeting”) will be held in a virtual only format via live audio webcast on Tuesday March 30, 2021 at 1:00 p.m. (Toronto time). The virtual Meeting is being held in light of the unprecedented public health impact of […]
Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Million in Connection with Recently Completed $350 Million Bought Deal Equity Offering
/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ MISSISSAUGA, ON, Feb. 5, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce the successful closing of the issue and sale of an additional 71,500 common voting shares (“Common Voting Shares”) and/or variable voting shares (“Variable Voting Shares” and, together […]
Cargojet Announces Closing of C$350 Million Bought Deal Equity Offering
/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ MISSISSAUGA, ON, Feb. 1, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Company”) (TSX: CJT) is pleased to announce that it has closed its previously announced offering of 1,642,000 common voting shares (“Common Voting Shares”) and/or variable voting shares (“Variable Voting Shares” and, together with […]
The CEO of Cargojet on how the pandemic led to one of his company’s most successful years ever
From the Toronto Star – link to source story By Joanna Pachner, Special to the Star | Sat., Jan. 30, 2021 Last year was annus horribillis for airlines — unless their business was shipping. Mississauga-based Cargojet soared through the pandemic, riding booming e-commerce to its best quarterly results. Founder and CEO Ajay Virmani, who started out as a […]