Cargojet Secures Lucrative China-Canada Air Freight Deal

Cargojet (TSE:CJT) has released an update.

Cargojet has inked a three-year service agreement with Great Vision HK Express to facilitate scheduled charter flights between China and Canada, aimed at supporting the booming Chinese e-commerce market. The deal, which commenced on May 22, 2024, with three weekly flights using B767-300F aircraft, is projected to generate over CAD $160M in revenue. This partnership promises to enhance trade and streamline logistics solutions for customers by leveraging Cargojet’s extensive network and reliable performance.

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