Cargojet, a leading Canadian provider of time-sensitive air cargo services, has successfully completed the issuance of US$183 million in senior unsecured notes. The offering, announced earlier, was closed at a fixed interest rate of 4.599%, with a maturity date set for 2030. These notes are not backed by specific assets, indicating investor confidence in the company’s long-term creditworthiness.
Cargojet Airways, the Canadian cargo airline, has expanded its freighter fleet with the delivery of a Boeing 767-300ERF, bearing serial number 29383. The aircraft is equipped with CF6-80C2B6F engines, known for their robust performance and reliability in freighter operations.
Cargojet, a leading Canadian air cargo carrier, has expanded its fleet with the delivery of one Boeing 767-300BDSF freighter. The aircraft carries manufacturer serial number 29617 and is powered by CF6-80C2B7F engines produced by GE Aviation. This addition is part of the airline’s strategic plan to bolster its medium- and long-haul cargo operations across North America and international markets.
Canadian cargo carrier Cargojet has announced that its Chief Financial Officer, Scott Calver, has chosen to depart the company to explore other professional opportunities. The transition marks a leadership change within the finance division of the company.
Cargojet has announced plans to add four more Boeing 767-300 freighters to its fleet in 2025. The airline continues to expand its operations to meet increasing cargo demand.
Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.
Cargojet, a leading Canadian cargo airline, has announced that its Chief Financial Officer, Scott Calver, is on medical leave until further notice. In his absence, Sanjeev Maini, Vice President of Finance, has been appointed as the acting CFO, ensuring continuity in the company’s financial leadership.
Cargojet (Canada), a leading provider of time-sensitive cargo services, has taken delivery of a 2000-vintage production Boeing 767-300F. The aircraft, bearing serial number 30780, is leased from Jetran (US) and will strengthen Cargojet’s existing fleet to meet rising demand for air freight.
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…
