Cargojet Announces Expansion of ACMI Services with DHL
MISSISSAUGA, ON, Dec. 8, 2020 /CNW/ – 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; […]
Cargojet CEO Sells a Portion of his Personal Holdings for Diversification, Estate Planning and Charitable Giving Purposes
MISSISSAUGA, ON, Nov. 30, 2020 /CNW/ – Cargojet (“Cargojet” or the “Corporation”) (TSX: CJT) said today that during the permitted open period, Dr. Ajay Virmani, President and Chief Executive Officer, sold 445,000 common voting shares held through The Virmani Family Trust. The sale was facilitated by a consortium of Canadian investment dealers (RBC Capital Markets, Scotiabank and CIBC Capital […]
Cargojet Prepares to Deliver Unprecedented Peak Season with Record Volumes
MISSISSAUGA, ON, Nov. 25, 2020 /CNW/ – Cargojet Inc. (“Cargojet”) (TSX: CJT) announced comprehensive plans to handle record volumes for the upcoming peak season that typically starts with Black Friday and ends in early January. This year’s peak season is particularly unique given the ongoing challenges of COVID-19 and the recent lock-downs in several parts of the country. The […]
Cargojet Continues its Strong Performance into Third Quarter
MISSISSAUGA, ON, Nov. 3, 2020 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the third quarter ended September 30, 2020. Total Revenues for the quarter were $162.3 million compared to third quarter 2019 Revenues of $117.4 million. Gross Margin for the quarter was $58.3 million compared to third quarter 2019 Gross Margin of $29.8 million. Adjusted EBITDA and […]
Cargojet President & CEO Dr. Ajay K. Virmani Named Strategist of the Year and One of Canada’s Top CEO’s of the Year by Globe & Mail’s Report on Business
MISSISSAUGA, ON, Oct. 1, 2020 /CNW/ – Cargojet President and Chief Executive Officer Ajay K. Virmani has been recognized as Strategist of the Year, as well being named one of Canada’s top leaders of 2020 representing the best corporate leadership, innovation, vision and responsibility by the Globe and Mail’s Report on Business. The Strategist of the Year is awarded by the Globe […]
Cargojet Recognized As a TSX30 Top-Performing stock for the Second Year In Row
MISSISSAUGA, ON, Sept. 15, 2020 /CNW/ – Cargojet Inc. (“Cargojet”) (TSX: CJT), Canada’s most awarded cargo airline was recognized as the 10th best performing stock on the 2020 list of TSX30 by the Toronto Stock Exchange. This program launched in 2019 recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. “We are thrilled to be […]
Cargojet Announces Strong Second Quarter Results
MISSISSAUGA, ON, August 6, 2020 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the second quarter ended June 30, 2020. Total Revenues for the quarter were $196.1 million compared to second quarter 2019 Revenues of $119.1 million. Gross Margin for the quarter was $90.7 million compared to second quarter 2019 Gross Margin of $26.6 million. Adjusted EBITDA and Adjusted […]
Cargojet Announces $2.5 Million Pandemic Support & Social Justice Initiative
MISSISSAUGA, ON, Aug. 6, 2020 /CNW/ – Cargojet today announced that it is contributing $2.5 million to the Cargojet Foundation with the goal of supporting three key initiatives: Direct support to local healthcare communities in fighting COVID 19 – From helping health care institutions better prepare to cope with a potential second wave to enabling vaccination as soon as […]
Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Million in Connection with Recently Completed Bought Deal Offering of 5.25% Listed Senior Unsecured Hybrid Debentures
MISSISSAUGA, ON, July 24, 2020 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce the successful closing of the issue and sale of an additional $15 million aggregate principal amount of 5.25% listed senior unsecured hybrid debentures (the “Debentures”) pursuant to the exercise in full of the over-allotment option granted to the syndicate of underwriters, […]
Cargojet Announces $600 Million Revolving Credit Facility
MISSISSAUGA, ON, July 20, 2020 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce that it has amended its syndicated committed revolving credit facility in order to, among other things, increase the revolving credit limit from $510 to $600 million and to extend the maturity date to July 16, 2025. The credit facility is co-led by Royal […]