Only direct scheduled freighter service between Canada and Latin
America
MONTREAL, QC and MISSISSAUGA, ON, April
13, 2016 /PRNewswire/ - 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, 2016, subject to obtaining the necessary
regulatory approvals.
Initial service will operate on the following routes:
- Toronto to Bogota, Colombia and Lima, Peru via Atlanta, GA
- Toronto to Mexico City via Dallas/Fort Worth, TX.
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."
About Air Canada Cargo
Air Canada Cargo provides direct cargo services to over 150
Canadian, U.S. transborder and international destinations and has
sales representation in over 50 countries. With hubs in
Montreal, Toronto, Calgary, Vancouver, London and Frankfurt, the Air Canada Cargo network is
extended through interline agreements with other air carriers and
through ground trucking services offered in selected markets,
serving more than 450 destinations in all.
Air Canada Cargo is Canada's
largest provider of air cargo services as measured by cargo
capacity. Main customers are large freight forwarding companies and
businesses whose products require the use of air services to
expedite their time sensitive cargo shipments. Shipping solutions
are tailored to best meet specific commodities and time
requirements of our customers cost-efficiently. For more
information, please visit: www.aircanada.com/cargo
About Cargojet
Cargojet is Canada's leading
provider of time sensitive overnight air cargo
services. Cargojet services 14 major city centers coast to
coast each business night. Cargojet operates its network across
North America carrying
approximately 1,300,000 pounds of cargo each business night.
Cargojet has a fleet of 22 aircraft consisting of B767-300ER,
B767-200ER, B757-200ER and B727-200AF long range freighter
aircraft. For more information please visit www.cargojet.com
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statements relate to analyses and other information that are based
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and uncertainties. Forward-looking statements cannot be
relied upon due to, amongst other things, changing external events
and general uncertainties of the business. Actual results may
differ materially from results indicated in forward-looking
statements due to a number of factors, including the factors
identified throughout this news release and those identified in any
issuer's public disclosure record. The forward-looking
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SOURCE Air Canada
