All cargojet articles – Page 2
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Insights
Putzger perspective: Cargo capacity alignments
In mid-April Air France-KLM inked an order for four A350 freighters, with options on another four. Both airlines that make up the tandem have a long and proud history in cargo, but the years before the pandemic saw their freighter fleet shrink to two B777-200Fs.Airline planning horizons must extend beyond ...
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News
Cargojet revenues jump in Q1 as it expands B777 conversion order
Canadian freighter operator Cargojet registered a jump in revenues in the first quarter and has expanded the number of B777 conversions it has on order (see below).The company reported a 45.7% increase in first-quarter revenues to $233.6m with strong growth in the all-in charter segment.The company said the all-in Charter ...
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NewsDHL adds extra freighters through Cargojet tie up
DHL B777. Source: DHL ExpressDHL Express has entered into a long-term agreement with freighter operator Cargojet that could potentially see the express firm acquire shares in the freighter company.The five-year deal, with options for an extra two years, will see Cargojet provide an extra five B767 freighters in addition to ...
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NewsCargojet the launch customer for Mammoth's B777 conversion programme
Source: MammothCargojet Airways will be the launch customer for Mammoth Freighters' B777-200LR freighter conversion programme.The Canada-based lessor and operator has initially signed up for two B777-200LRMF freighters, with options two -300ERMFs and two additional -200LRMFs.The first aircraft (MSN 29742) is expected to begin the conversion process in mid-2022 with delivery ...
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News
Savino Del Bene to offer Italy-US peak season flights
Italian freight forwarder Savino Del Bene will launch a charter operation between the US and Italy in response to capacity shortages.The peak-season service will begin on October 23 and operate between Milan Malpensa and New York JFK utilising a B767-300F operated by Cargojet Airways.The company said that it had decided ...
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Could Amazon soon add B777 freighters to its fleet?
Ever since Amazon launched its US domestic freighter operation in late 2015 there has been speculation that the company could one day expand into intercontinental operations.If a recent report from Bloomberg is correct, that speculation could soon turn into reality. A report from the news wire last week suggested that ...
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21 Air looks to expand its fleet for peak demand
Freighter operator 21 Air has applied to the US Department of Transportation (DoT) for permission to double the size of its fleet.According to the filing, the airline is currently limited to a fleet of five aircraft but it would like this limit to increase to 10 freighters.21 Air currently operates ...
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NewsCargojet pilots switch to ALPA union as dispute emerges
Image: ShutterstockCargojet pilots have decided to join the Air Line Pilots Association, Int’l (ALPA) with the new union already lodging a complaint against the freighter operator.The Canada Industrial Relations Board (CIRB) has certified ALPA as the representative of more than 300 pilots at Cargojet.The pilots voted for ALPA representation in ...
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News
Vito Cerone joins Cargojet from Air Canada Cargo
Cargojet has appointed Air Canada Cargo stalwart Vito Cerone, as senior vice president, international as the company looks to expand its global presence.Cerone, who starts in the role with immediate effect, was most recently vice president, cargo sales & commercial strategy at Air Canada.He has 30 years' experience in the ...
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News
Cargojet continues international expansion with 21Air investment
Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.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".21Air is certified by the US Federal Aviation Administration ...
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News
E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...
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News
Amazon expands with Cargojet through two freighter deal
Amazon Air will expand its relationship with Canada-based freighter operator Cargojet through a deal to operate two freighters on behalf of the e-commerce giant.The Air Transportation Services Agreement will see Cargojet operate two Amazon-owned B767-300BDSF aircraft as part of the Amazon Air network on a CMI basis within Canada starting ...
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News
CargoJet confirms B777F additions as it targets international growth
CargoJet has confirmed plans to enter the B777 freighter market and add extra B767F aircraft to meet international growth opportunities.Earlier this month, the lessor and operator raised C$365m through an equity deal. The money will be used to pay off debt and acquire new aircraft.The company said that two Boeing ...
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News
Cargojet looks to add its first B777 freighters
Canadian carrier and lessor Cargojet has raised C$350m to increase its fleet with more B767 freighters and to buy its first B777Fs.The airline said a portion of the funds, raised through a share sale, would be used to fund the purchase of five B767Fs for delivery in 2021/2022 and two ...
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News
DHL expands freighter deal with Cargojet
DHL Express has expanded its ACMI deal with lessor Cargojet through the addition of three permanent international routes.The new routes are operated by three dedicated B767-300F Cargojet freighter aircraft between Hamilton, Canada; DHL Express hub in Cincinnati, Ohio; and continuing to Monterrey, Mexico; and the UK.These routes were initially started ...
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News
ATSG subsidiary delivers converted B767F to Cargojet
Cargo Aircraft Management (CAM), a subsidiary of aircraft lessor Air Transport Services Group (ATSG), has delivered a converted Boeing 767-300ER freighter to Cargojet Airways in Canada.CAM said the aircraft will be operated under the terms of a seven-year lease agreement.Cargojet is a provider of time-sensitive overnight air cargo services in ...
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News
Cargojet sees Q3 revenues improve on e-commerce demand
Cargojet Inc saw revenues and operating profits improve in the third quarter of the year on the back of increased demand for freighter services and growing e-commerce volumes.The Canada-based aircraft lessor reported a 38.2% year-on-year increase in third-quarter revenues to C$162.3m, while adjusted earnings before interest, tax, depreciation and amortisation ...
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Cargojet revenues buoyed by record peak season
Cargojet recorded a 7% year-on-year increase in revenues in 2019, helped in part by a strong end to the year.The Canada-based freighter operator saw revenues for 2019 reach C$486.6m, adjust earnings before interest, tax, depreciation and amortisation (EBITDA) were up 21.9% to C$119.2m but net earnings were down 42.6% to ...
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News
Cargo airports fly with e-commerce
Montreal’s Mirabel airport is gearing up for some infrastructure improvements.Canada’s federal government and the local airport authority have pledged to contribute altogether C$107m ($81.24m) to the project, which will go towards the construction of a 20,000 sq m cargo terminal, new parking positions for 13 freighters and improvements in road ...
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News
Amazon to invest in Canadian freighter operator Cargojet
E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada's Cargojet.The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights.Under the new strategic agreement, Cargojet will issue warrants to Amazon to purchase variable voting ...
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