Category Archives: CargoJet

Cargojet Applauds Government on Federal Budget Initiatives

MISSISSAUGA, ON , March 27, 2017 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT, CJT.A) said today that it is very pleased with several initiatives announced in the Federal Budget including:

  • $152M in new funding to improve security screening at airports that will improve safety for all Canadians.
  • The establishment of Innovation Canada, a new platform that will coordinate and simplify the support available to Canada’s innovators and attract further investment and encourage growth in Canada .
  • Investments to resolve critical transportation needs in Canada’s north and other support to further benefit Canada’s Indigenous Peoples.
  • “Cargojet is committed to working with the federal government on these and other initiatives that will strengthen the overall safety and security of Canada’s airports; create new jobs for all Canadians; and improve the reliability and cost-effectiveness of critical air cargo transportation to Canada’s North”, said Ajay K. Virmani , President and CEO.

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries approximately 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of 20 all-cargo aircraft.  Cargojet operates over 12,000 flight legs annually and has a team of over 800 dedicated professionals across Canada .

Cargojet Increases Quarterly Dividend by 10%

 

MISSISSAUGA, ON , March 20, 2017 /CNW/ – The Board of Directors of Cargojet Inc. has approved a cash dividend of $0.1925 per common voting share and variable voting share for the period from January 1, 2017 to March 31, 2017 , an increase of $0.0175 or 10% per share from the previous quarter.
“This increase is a result of our recent and sustainable financial results while maintaining sufficient financial resources and meeting shareholder expectations,” said Ajay K. Virmani , President and C.E.O.
The dividends will be paid to all shareholders of record as at the close of business on March 20, 2017 and will be payable on or before April 5 , 2017.     These dividends will be eligible dividends within the meaning of the Income Tax Act ( Canada ).
Cargojet is Canada’s leading provider of time sensitive 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, utilizing a fleet of all-cargo aircraft.    For more information, please visit: www.cargojet.com.