Cargojet order launches Mammoth 777-200LR freighter programme

From Flight Global – link to source story

By David Kaminski-Morrow | 17 November 2021

Canadian carrier Cargojet Airways has emerged as the launch customer for the Boeing 777-200LR freighter conversion initiated by US-based Mammoth Freighters.

Cargojet is to take a pair of the converted twinjets, and will hold options on another pair – as well as options for two conversions of the larger 777-300ER.

The first aircraft to be delivered to Cargojet will be a modified 777-200LR with serial number 29742, originally delivered to Delta Air Lines in 2009.

Mammoth says the twinjet, fitted with General Electric GE90 engines, will enter the conversion process in mid-2022 and be delivered in the second half of 2023.

The company unveiled its conversion programme for the two 777 models in September, noting it had acquired access to a feedstock of Delta 777-200LRs.

Mammoth 777-200LR freighter-c-Mammoth Freighters
Source: Mammoth Freighters

Mammoth has access to ex-Delta 777-200LR feedstock for its initial freighters

Mammoth’s freighter conversions will carry the -200LRMF and -300ERMF designations.

Cargojet’s agreement will enable Mammoth to “demonstrate the significance” of its product, says Mammoth co-chief Bill Tarpley.

“This is the next generation of converted freighters that have improved on-wing performance while using less fuel and emitting less carbon than the current ageing widebody fleet.”

Cargojet, which operates from Hamilton airport near Toronto, has a fleet of over 30 freighters, mainly based on Boeing 767-200, -300 and 757-200 platforms.

It had stated earlier this year that it intended to acquire 777 freighters but, at the time, had not signalled whether they would be new-build or converted aircraft.

Cargojet said it would use the 777s on long-haul Asian routes, integrating them with the airline’s domestic network.

Cargojet Renews IATA’s IOSA Registration

MISSISSAUGA, ON, Oct. 28, 2021 /CNW/ – Cargojet has recently renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration.  IOSA is an internationally recognized and accepted evaluation system designed to assess the operational management and control systems of an airline. IOSA uses internationally recognized quality audit principles to conduct audits in a standardized and consistent manner.

IATA’s mission is to represent, lead and serve the airline industry. Its members comprise some 290 of the world’s leading passenger and cargo airlines – representing 83 percent of total air traffic. Cargojet is very proud to be the only Canadian air cargo carrier that is a full member of IATA.

“The audit is an in-depth look at the practices and standards of the airline with the end goal of meeting a common, worldwide standard for safety in everything we do, our audit team have once again done a tremendous job in working with the auditors to demonstrate conformance with IOSA standards” according to Dr. Ajay K. Virmani, President & CEO.  “We fully support the continuous updating of standards to reflect regulatory revisions and the evolution of best practices within the worldwide airline industry under the continuing stewardship of IATA”, adds Virmani.

We want to thank our team of dedicated professionals for their continuous efforts and dedication to Cargojet.

Cargojet is Canada’s leading provider of time sensitive premium 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 serving 15 major cities, and selected international destinations, utilizing a fleet of 28 all-cargo aircraft.

Cargojet Successfully Recertifies ISO 9001 Quality Accreditation

MISSISSAUGA, ON, Sept. 13, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) Cargojet announced the successful recertification of its ISO 9001:2015 Quality Standard Accreditation, for the ninetieth consecutive year.  Cargojet is the only air cargo carrier in Canada with this accreditation.

“This accreditation reinforces the continuity of the value added, safe, on time and reliable service Cargojet provides to its customers on a daily basis. It includes a review of an organization’s documented quality management system and ongoing audits of our facilities to ensure the quality management systems have been implemented and are effective,” says Dr. Ajay K. Virmani, President and CEO.   “We have once again earned this certification due to the hard and conscientious efforts of our team who continue to surpass our customers’ expectations while maintaining excellence in standards, processes and procedures,” adds Virmani.

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 30 aircraft.

Cargojet appoints Mr. Vito Cerone to Senior Vice President – International

MISSISSAUGA, ON, Sept. 8, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced the appointment of Vito Cerone, as Senior Vice President, International effective immediately.

Prior to joining Cargojet, Vito was most recently the Vice President, Cargo Sales & Commercial Strategy at Air Canada where he oversaw the optimization of all global sales and commercial activities. As a senior executive, with over 30 years in the aviation industry, Vito held several senior leadership roles within the Cargo business. Prior to moving to Cargo, Vito spent 12 years in various commercial roles with the passenger segment of Air Canada.

Reporting directly to the CEO, Vito will be responsible to lead and implement Cargojet’s International expansion. Vito will also be responsible for growing Cargojet’s Charter, ACMI and Interline partnerships. 

We have gone through a dramatic shift in our business over the past 18 months that has created new and exciting growth opportunities. Building on the success of a strong domestic network and the acquisition of seven (7) Boeing 767 and four (4) 777-300 freighters, Cargojet is rapidly moving forward on building a synergistic international business and we are thrilled to welcome Vito to the Cargojet family. Vito is a recognized leader in the global logistics industry and highly respected for his global relationships and commercial acumen.” said Ajay Virmani, President and Chief Executive Officer.  

Vito will be based at Cargojet’s headquarters in Mississauga, Ontario as well Carojet’s Montreal offices as he leads a team of sales and marketing professionals.

Vito holds a bachelor’s degree from Concordia University.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 28 Cargo aircraft.

Cargojet announces a Strategic Minority Investment in 21AIR

Mississauga, ON, August 10, 2021 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today that it has completed a strategic minority investment in Greensboro, North Carolina headquartered cargo airline 21Air LLC (21Air) with corporate offices in Miami, Florida.

21Air is certified by the Federal Aviation Administration (FAA) as a Part-121 air carrier presently operating a fleet of five (5) Boeing 767 all cargo aircraft. 

21Air provides Charter, ACMI, and CMI services to major air cargo consolidators, freight forwarders, couriers, and global integrators, including Cargojet. 

“My relationship with Dr. Ajay Virmani goes back over twenty years, and we have accomplished a lot together with our teams. We are honored to have Cargojet as our partners and look forward to growing 21 Air into a major player in the international cargo space, “says Jim Crane, Chairman 21Air. 

“This transaction is in line with Cargojet’s previously announced international growth strategy. This investment further demonstrates our ambition to build a more diversified and robust global footprint with strategic partnerships.” commented Dr. Ajay Virmani, President and CEO.

As a result of this investment, Cargojet will acquire a 25% interest in 21Air and will continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market. 

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 30 aircraft. For further information, please contact

Cargojet Wins Carrier of Choice Award

MISSISSAUGA, ON, Aug. 4, 2021 /CNW/ – Cargojet once again is excited to announce that it has been awarded the Shipper’s Carrier of Choice Award by the Canadian Shipper magazine, a leading industry publicationCargojet continues to surpass shipper expectations as well as the industry benchmark in the total Industry Sector Average and particularly in the key areas of On-time Performance, Leadership in Problem Solving, Ability to Provide Value-Added Services, Customer Service, Quality of Equipment & Operations, Competitive Pricing, and Sustainable Transportation Practices. Cargojet is the only Canadian Air Cargo carrier to receive this honour for the nineteenth year.

“Cargojet continues to exceed the expectations of our customers by delivering a premium product into the marketplace. We remain focused on exceeding our customers expectation and provide them value-added services. This award is a testament once again to the Cargojet team’s dedication, hard work and loyalty. Our professional team is the driving force of Cargojet,” says Dr. Ajay K. Virmani, President & CEO.

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 30 aircraft.

Cargojet Favourable Macro Trends Continue to Drive Strong Performance

MISSISSAUGA, ON, Aug. 3, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the second quarter ended June 30, 2021.

Total Revenues for the quarter were $172.1 million compared to second quarter 2020 Revenues of $196.1 million. Gross Margin for the quarter was $54.9 million compared to second quarter 2020 Gross Margin of $90.7 million. Adjusted EBITDA and Adjusted EBITDAR for the quarter were $67.4 million compared to the second quarter 2020 Adjusted EBITDA and Adjusted EBITDAR of $80.2 million.

Revenue growth excluding Charter line of business was a solid 30%. Prior year’s Charter revenues reflect a significant one-time benefit due to dedicated charter flights for government agencies to bring Personal Protective Equipment (PPE) from China to Canada. Going forward we expect a more normalized revenue growth in our Charter business.

Adjusted Free Cash Flow was $36.0 million for the three-month period ended June 30, 2021 compared to $55.7 million for the same period in 2020.

“We are encouraged to see rising vaccination rates in Canada and the gradual re-opening of the economy. One of the newest macro trends we are observing is Hybrid. Be it return to office or shopping habits; we are seeing consumers adopt a hybrid approach to many aspects of their lives. Even after the economies re-open, we expect consumers to maintain e-commerce in their shopping mix for a vast array of products, setting a new higher baseline for volumes to grow from”. said Dr. Ajay Virmani, President & CEO.

“Over the past 15 months, supply chains have become more resilient and consumers have gotten used to a wide variety of products being available to them on next-day or even the same-day delivery. To fulfil this need for speed, shippers are expected to increase the air-cargo component in their supply chain mix. On the B2B front, we are still not seeing the full recovery as businesses remained closed due to government restrictions for the most part of second quarter”. further noted Dr. Virmani.

“We continue to make progress on our international growth strategy. Having demonstrated the value add of dedicated air-cargo service to customers who initially signed up for shorter term commitments, we are starting to see greater stickiness for certain international segments despite the re-opening of certain passenger air routes. The international air-cargo market still remains tight and continues to present opportunities for our ACMI and Charter businesses”. concluded Dr. Virmani.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 30 aircraft. 

Interference by US pilots association unwelcome in Canadian bargaining process

TORONTO, May 8, 2021 /CNW/ – Unifor will not tolerate interference in our democratic and pilot lead bargaining process with Cargojet by the self-serving US based Airline Pilots Association Intl. (ALPA) making ill-informed public statements.

“To have the president of ALPA preach from Viginia to our pilots on the bargaining committee about fatigue rules and safety is condescending, arrogant and disrespectful,” said Jerry Dias in a written response to ALPA’s public statement and posted letters to Unifor and Cargojet.

Pilots in cockpit of airplane (CNW Group/Unifor)
Pilots in cockpit of airplane (CNW Group/Unifor)

“Captain Joe DePete knows full well that 130 Canadian pilots stand to lose their jobs, and he is standing by to take their dues if operations move to the US where congress has exempted cargo airline operators from some fatigue rules, giving them a competitive advantage over Canadian operators.”

Unifor Local 7378 pilots are in the process of voting on a tentative agreement, bargained by pilots, for pilots, with no intention of allowing unsafe flight and duty time regulations.

“To suggest that our committee would agree to any exemption not based on safety and fatigue science is another example of an American association trying to interfere with our democratic collective bargaining process,” said Captain Mike Powers, Chairperson of Unifor Local 7378.

“ALPA is today raiding our pilots at Flair Air and this smells like a poorly disguised attempt to raid our pilots by an association that for decades had no interest in smaller operations such as Cargojet or Flair, deemed too small for their corporate model, and now that the pandemic caused mass layoffs, ALPA is hitting new lows. It’s clearly an association and not a union,” said Dias.

Throughout the pandemic, Unifor has led the demand for a national aviation plan, and has held rallies, presented to parliamentary committees and has actively lobbied for a national recovery plan for the aviation industry that includes financial support for workers. Captain DePete has posted just four news releases that even mention Canada, compared to Unifor’s 230 news releases, fighting for Canadian workers impacted by the pandemic.

Unifor represents more than 16,000 members working in the air transportation sector, including pilots, customer service representatives, aircraft groomers, catering staff and air traffic controllers, to name a few. The union continues to push the federal government to act and create a plan to prevent the current crisis from collapsing the industry entirely.

Unifor is Canada’s largest union in the private sector, representing 315,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

Bermuda calling

From Airport World – link to source story

Joe Bates 6th May 2021

With its new state-of-the-art terminal, Bermuda’s LF Wade International Airport has never been better equipped to offer passengers a unique and memorable experience, writes Joe Bates.

It may not have had that many visitors yet due to the continued impact of the global COVID-19 pandemic, but the new terminal at Bermuda’s LF Wade International Airport (BDA) has certainly impressed those lucky enough to have used it in its opening few months.

Anyone doubting the ‘wow’ factor it has added only need to look at some of the feedback from passengers and staff on its opening day.

“Really beautiful”, “Fabulous and spacious”, “Absolutely awesome” and “It looks like a world class airport” were just some of the comments given by passengers when the new $400 million terminal opened for business on December 9, 2020.

And airport operator, Bermuda Skyport, is certain that the new complex – built on a brownfield site around 150 yards away from the old terminal – will prove to be a success and introduce new levels of comfort, safety and service to passengers.

Completed on budget, on time and on spec, the new modern 288,000 square foot facility provides improved passenger processing, increased passenger capacity, greater resilience to extreme weather conditions and a host of new passenger friendly facilities such as enhanced specialty retail and F&B outlets and covered passenger jet bridges.

“It is a game changer for us in more ways than one, and we managed to complete its construction and opening during a once in a century pandemic,” comments Aaron Adderley, president of Bermuda Skyport, noting that new terminal was first mentioned in BDA’s 2008 master plan.

“It will make a huge difference to the way we operate now, and in the years to come. It was needed as the old terminal had passed its life expectancy and its location close to the shoreline meant that it was susceptible to severe weather events.”

The latter threat is no longer an issue, confirms Adderley, due the extra resiliency built into the design of the new complex, which included locating it inland around nine feet higher than the old terminal to avoid the risk of being flooded by ocean storm surges during the hurricane season.

“We have the first new passenger terminal in Bermuda for 70 plus years, so to say that it is a milestone for the island would be somewhat of an understatement,” he reminds me.

“In addition to incorporating a sense of resiliency into the building, we wanted to create something that enhanced the overall passenger experience and provided us with a facility that is both functional and flexible in terms of its use, development and ability to accommodate future technologies.”

Wowing the senses

Focusing on the customer experience side of things, he reveals that the airport adopted a “sensorial” approach to the new terminal in a bid to create something unique that would excite passengers.

“We deliberately targeted the senses,” he explains. “By that I mean we focused on the sense of taste, the sense of place, the sense of hearing and sense of smell.”

By sense of place, he admits that BDA did what a number of other airports around the world have done and replicated examples of the local culture, people, surroundings and popular attractions in its terminal building.

In this regards, Adderley notes that little bits of ‘Bermudiana’ have been incorporated into the interior design of the terminal and can be seen most clearly by the models of cahow and long-tailed birds hanging from the ceiling in the Departures Hall and colourful wayfinding Bermuda kites throughout the building.

The sense of being in Bermuda is also reinforced by a number of photo exhibits throughout the terminal showcasing the island’s flora and fauna, beaches and “everyday people”.

“All help display the sense of pride we feel as Bermudans. This is who we are. This is what we look like. The images in particular are very impactful in terms of their size and vibrancy,” enthuses Adderley.

With regards to the ‘sense of taste’, Adderley believes that F&B partner SSP America – in collaboration with local restauranteur Jennifer Turini Ysseldyke and Bermudian entrepreneur Dennie O’Connor – have come up with a winning formula that ensures that diners at any of the terminal’s three restaurants are guaranteed “a very unique, exciting and vibrant food experience”.

Specifically, the terminal’s pre-security Whistle & Rum Grill with its outdoor terrace, views of the Ocean inlet, water feature and nearby putting green is designed to offer a ‘destination experience’ to both passengers and locals as well as providing a venue to host events and outdoor receptions post COVID-19.

It is complemented by the Rock & Barrel Gastro Bar (US Departures Hold Room); and The Heron & the Sea Public House (International Departures Hold Room) both of which have outdoor dining options that Adderley believes offer a modern, more sophisticated take on BDA’s former outside patios from which generations of Bermudans waved goodbye to their friends and loved ones.

When it comes to ‘sense of smell’, Adderley notes that the airport worked with The Bermuda Perfumery to devise a scent for BDA that visitors would immediately recognise on entering the terminal building and know that their travel adventure is about to begin.

Although it hasn’t been unveiled just yet, he says that the day is close and, for now, passengers can enjoy the sight, sounds and smells of the bespoke retail offerings in BDA’s Somers Isles Trading Company and Love Bermuda shops, which include the products from about 30 different artisans ranging from locally distilled gin, bath and facial products to clothing, candles and scents.

US Pre-Clearance

The terminal is also said to offer energy efficiencies, advanced security and improved US Pre-Clearance facilities for US bound passengers – a key upgrade considering that 75% to 80% of BDA’s annual visitors arrive from and depart to the United States.

Pre-Clearance, of course, allows all US bound passengers to clear US Customs and Immigration in Bermuda, instead of on arrival where longer lines often exist.

According to Adderley, this service, present in Bermuda for nearly 50 years, is extremely beneficial to passengers and provides the island with a competitive advantage when seeking new air services to and from the United States.

“The new Pre-Clearance facility was necessary to ensure that we continued to meet the US’s new security requirements, so we were happy to do it, despite the expense involved, because of the advantage it gives us,” he explains.

Although a UK territory, Bermuda’s close proximity to the US – it lies just 643 miles off of the North Carolina coast – means that it has very close ties to the United States. An estimated 8,500 Americans live in Bermuda, for example, and the bulk of the island’s imports and visitors come from the US.

In addition, many Americans have businesses in Bermuda, which in addition to its higher end tourism appeal, is one of the world’s top re-insurance and financial services centres.

Flexibility to adopt future technologies

As well as the advanced technology utilised by US Customs and Border Protection (CBP) in the US concourse at BDA, the new terminal is equipped with a range of state-of-the-art IT systems designed to make passengers’ journeys fast and efficient.

These include self-service check-in kiosks, e-gates, baggage tracking and Computed Topography (CT) X-ray screening technology at security, making BDA more than well equipped for passenger growth when global aviation begins its recovery from the pandemic.

Adderley is also confident that Bermuda Skyport’s decision to build IT flexibility into the terminal’s design means that it is well placed to take onboard the technology of tomorrow, when it comes.

“We believe that the real test of new infrastructure is ensuring that it is not only capable of accommodating the technology that exists today, but also the technology that will come about tomorrow,” he says.

“I believe our technology focus ensures that the new terminal meets this criteria, in effect, future proofing it. This makes us excited about the future and the airport’s growth outlook.”

Build and grow

Agreeing to finance the design and construction of the new terminal was pivotal to the Bermudan government’s 2017 decision to award Bermuda Skyport Corporation Limited the 30-year concession to operate and develop LF Wade International Airport.

For the special-purpose Bermudan company is wholly-owned by Canada’s Aecon Concessions, which had the financial muscle, airport experience and construction expertise to make the dream of a new terminal become reality.

“With the Canadian Commercial Corporation (CCC) and prime contractors, Aecon, the airport was able to find a turnkey solution, bespoke in nature, that afforded Bermuda the opportunity to do what many small airports in the world our size have found difficult to do – namely, to successfully attract private sector investment to finance a major capital redevelopment,” notes Adderley.

“Once again, Bermuda has blazed a trail in setting new standards internationally for others to follow.

“Whilst the project’s business model has proven innovative and comparable with international benchmarks, its economic impacts have proven to be widespread. Nearly 400 local businesses have been contracted since the start of the project and nearly $400 million has been invested in the local economy.

“Over half of the 1.6 million man-hours spent constructing this world class facility were by Bermuda’s own men and women. We should be proud of their quality craftmanship.”

Steve Nackan, president of Aecon Concessions – the project’s developer and financier – is as equally proud of the new terminal as Adderley.

He says: “The genesis of today’s success story lies in the deep-rooted ties between Canada and Bermuda.

“Built upon the kinship of our two countries, the Canadian Commercial Corporation (CCC) and the Government of Bermuda partnered with us to develop this much needed new facility.

“CCC – supported by the extended Government of Canada family – have been a true and valued partner – and their diplomatic approach has been a hallmark of the project’s success.

“Together, we mobilised nearly $400 million of private investment – drawn to the long-term promise of Bermuda – and the opportunity to play a part in the revitalisation of Bermuda’s economy.

“And through innovative thinking – we built and proved the model for how small airports can nevertheless achieve world class outcomes.”

Interestingly, BDA’s new terminal is the second public-private partnership (PPP) initiative in Bermuda after the method was used to finance the construction of a major new hospital on the island.

Traffic and route network

Infrastructure wise, the airport has never been better equipped for growth, and Adderley is in no doubt that passengers and BDA’s airlines will enjoy the benefits of the new terminal when COVID-19 is finally beaten, and air travel is back on the agenda.

As you might have expected, 2020 was particularly tough on BDA, which was forced to close for over three months from March 20 to July 1 due to the devastating impact of COVID-19.

The seasonality of its traffic demand didn’t help, with the darkest days of the pandemic overlapping with the start of the traditional May to September peak season for tourism in Bermuda, when BDA typically handles around 20 flights a day.

As a result, BDA’s passenger numbers fell by 80% in 2020 from 2019’s 884,000 to just over 180,000, and Adderley expects 2021 to be another difficult one for LF Wade International Airport, with the most optimistic scenario seeing the gateway reach around 45% to 50% of 2019’s traffic levels before a stronger recovery from 2022 onwards following the global vaccine roll out.

The top three airlines serving BDA in terms of services and market share are American (30%), Delta (25%), and JetBlue (18%).

With the US accounting for up to 80% of all passengers, it shouldn’t be much of a surprise to learn that New York and Boston are BDA’s most popular routes, followed by London in the UK.

Charlotte, Miami, Philadelphia and Atlanta are also popular destinations served from BDA along with Toronto in Canada, which is served by both Air Canada and WestJet.

British Airways operates the airport’s only non-stop long-haul service to London, and Adderley is hopeful that the recent switch of the route from Gatwick to Heathrow will benefit BDA as the decision makes it much easier for international travellers from Europe and Asia to connect to Bermuda.

One of the options currently being considered by the island to boost tourism numbers is extending the traditional May to September tourism season into October, as the weather in Bermuda is still mild, and the Bermudan travel industry believes that a pent up demand to travel post pandemic will prove incentive enough to make it worth the gamble.

With only 3,000 hotel beds across the whole island though – less than at one of the big hotel resorts on the Las Vegas strip – there is a clear limit on how big Bermuda can grow as a tourist and business destination.

However, Adderley believes that there is clear room for growth once the pandemic is over because of the appeal of Bermuda and the fact that Bermudans also love to travel – traditionally taking an average of two to three trips abroad each year.

“You have to remember that although Bermuda might be paradise, it is only 22 square miles, and we tend to get rock fever if we don’t take a trip once in a while,” jokes Adderley.

Bermuda’s large expat community is also another reason for the airport to be optimistic that air travel will be high on the agenda again soon. Indeed, the large number of Canadians working in Bermuda was the reason why WestJet launched services to Toronto, and Adderley believes that this could easily be replicated by other airlines in the future.

Prior to the pandemic, the addition of another non-stop service to Europe was high on the wish list of BDA’s route development team, and Adderley assures that it will be again when the timing is right.

He notes: “For now, we will have to settle for people connecting through London, and I am hopeful that BA’s switch to Heathrow and a new publicity campaign by the Bermuda Tourism Authority promoting how easy it now is for Europeans to get to Bermuda will boost passenger numbers.

“But, in the longer-term, we would like another non-stop service to Europe, and we hope to boost our short-haul network by growing our low-cost presence in the US and Canada.”

Next up for BDA

With the airport’s passenger handling facilities now among the best in the region, BDA is set to turn its attentions to the cargo side of the business, which Adderley admits are badly in need of a revamp.

Bermuda Skyport actually agreed to refurbish BDA’s cargo facilities as part of its concession agreement, and despite today’s far from favourable economic conditions, work is expected to begin on the project later this year.

The upgrade will include an expansion to the existing Customs administration facilities and the introduction of new refrigeration capacity for perishable goods.

The bulk of the 6,000 tonnes of cargo handled at BDA each year arrives on a Cargojet B757F aircraft which operates between the US and Bermuda five days a week on behalf of DHL, UPS, FedEx and a number of local couriers.

With a brand new passenger terminal and enhanced cargo facilities on the way, nobody can deny that LF Wade International Airport is looking towards the future with optimism and will be in a great position to develop and grow when the pandemic is finally over.

Cargojet continues strong momentum as it reports Q1, 2021

MISSISSAUGA, ON, May 3, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the first quarter ended March 31, 2021.

Total Revenues for the quarter were $160.3 million compared to first quarter 2020 Revenues of $123.0 million. Gross Margin for the quarter was $45.3 million compared to first quarter 2020 Gross Margin of $32.2 million. Adjusted EBITDA and Adjusted EBITDAR for the quarter were $64.2 million compared to the first quarter 2020 Adjusted EBITDA and Adjusted EBITDAR of $44.6 million.

Adjusted Free Cash Flow of $35.2 million for the three-month period ended March 31, 2021 compared to $29.8 million for the same period in 2020 increased $5.4 million or 18.1%.

“With a fundamental shift in consumer shopping habits in several key categories, Cargojet has spent the last few quarters laying the foundation to capture the next phase of e-Commerce growth. We strengthened our balance sheet, invested in fleet expansion, broadened our portfolio of services and are investing in attracting and retaining top talent.” said Dr. Ajay Virmani, President  & CEO.

“What was previously a consumer led shift to digital is now rapidly becoming a merchant led shift, accelerating the move to e-Commerce even further. Our highly focused and professional team continues to work closely with our customers to support their changing needs while maintaining the best on-time performance in the industry” noted Dr.Virmani.

“With shifting supply chains, triggered by a significant reset of the international passenger routes, we also see opportunities to expand and diversify on select international lanes. We also continue to focus on growing our ACMI and Charter business as cargo capacity remains in high demand and we are constantly adapting to maintain our leadership position”. concluded Dr. Virmani.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 28 Cargo aircraft.