Canadian overnight express carrier Cargojet Inc has purchased an unspecified ground handling and ground services equipment (GSE) company at Montréal’s Mirabel International Airport (YMX) in Québec for approximately CDN 3.0 million (USD 2.26 million). The agreement to purchase includes all company assets and assumes all current lease arrangements.
“The acquisition of this ground handling and GSE company is the continuation of our strategic initiative to in-source all ground handling operations at airports across our Canadian network,” says Ajay Virmani, chief executive officer.
“We are pleased to welcome our new team members to the Cargojet family and look forward to integrating and growing our business at Mirabel and across the country by continuing providing our customers continued best in class air cargo service and reliability,” adds Virmani.
Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 590 tonnes of cargo each business night. Cargojet operates its network across North America utilising a fleet of all-cargo aircraft, comprised of B767-300ER, B767-200ER, B757-200ER and B727-200AF.
Aside from its Canadian domestic network of 13 cities, the carrier also offers services to Canada’s far north through its commercial relationship with First Air. The two carriers expanded their commercial co-operation agreement in 2015 and extended their Transportation Agreement to 30 June 2025.
This agreement allows for seamless air cargo transportation between the 13 major Canadian cities served on Cargojet’s overnight air cargo network, as well as the 32 communities served by First Air in Canada’s North.
Cargojet also operates an international network with services to Atlanta (ATL), Newark (EWR), Bermuda (BDA), Cologne Bonn (CGN) and South American destinations of Bogata (BOG) and Lima (LIM).