MONTREAL/MISSISSAUGA, ON: April 13, 2016. Cargojet Airways is to provide 52-tonne B767-300ER freighter capacity to support the launch of Air Canada Cargo services from Toronto to Bogota and Lima via Atlanta, and from Toronto to Mexico City via Dallas/Fort Worth.
Subject to regulatory approval, the new services are scheduled to begin June 09, 2016 and will make Air Canada the only provider of direct scheduled freighter service between Canada and Latin America.
Under the ACMI deal with Cargojet Air Canada Cargo also plans to introduce dedicated freighter service from Toronto to as yet unspecified European destinations in the second half of 2016.
Air Canada Cargo vice president Lise-Marie Turpin said: “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."
Cargojet reported a net loss of Can$18 million on revenue of Can$289.0 million in 2015, compared to a net loss of Can$9.5 million on revenue of Can$193 million the previous year.
Commenting on the results, president and CEO Ajay Virmani said: “The past year has been transformational for Cargojet, as revenues grew by over fifty percent and we added fourteen new aircraft to service our growing customer base.” Virmani added the new ACMI deal with Air Canada Cargo is a "win-win for both parties," as it will increase the airline’s B767 fleet utilization.