Latest news with #CargojetInc
Cision Canada
03-07-2025
- Business
- Cision Canada
CARGOJET ANNOUNCES TIMING OF SECOND QUARTER CONFERENCE CALL
MISSISSAUGA, ON, July 3, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT), announced today that it will release its financial results for the second quarter on Wednesday, August 6 th, 2025, after market close. Jamie Porteous, Co-CEO; Pauline Dhillon, Co-CEO; Aaron McKay, CFO; and Sanjeev Maini, VP of Finance at Cargojet, will host a conference call on Thursday, August 7, 2025, at 8:30 a.m. Eastern Time to discuss the results. To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call: Local Number:416-406-0743 Toll-Free Number (Canada/US):1-800-898-3989 Participant Passcode: 2531392# Should you be unable to participate, an instant replay will be available until September 6 th, 2025, 23:59 by dialling: Local Number: 905-694-9451 Toll-Free Number (Canada/US):1-800-408-3053 Access Code: 1278734# For any one-on-one calls, please contact Sanjeev Maini to coordinate the timing. We look forward to having you participate in our call. About Cargojet Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing dedicated, ACMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 cargo aircraft. SOURCE Cargojet Inc.
Cision Canada
02-07-2025
- Business
- Cision Canada
Cargojet extends Agreement with Amazon
MISSISSAUGA, ON, July 2, 2025 /CNW/ - Cargojet Inc. ("Cargojet") (TSX: CJT) announced the extension of its Air Transportation Services Agreement ("Contract") with Amazon Canada Fulfillment Services, ULC ("Amazon"). The new Contract has a term of additional four years until March 31, 2029 and Amazon will also have the option to renew the Contract until March 31, 2031. "This multi-year Contract underscores Cargojet's role in Amazon's logistics network. At the heart of our success is a dedicated Cargojet team that makes it happen every single day" said Ajay Virmani, Executive Chairman. About Cargojet: Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America and select international destinations, providing dedicated, ACMI, CMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet owns/operates a fleet of 41 aircraft. SOURCE Cargojet Inc.
Cision Canada
25-06-2025
- Business
- Cision Canada
Cargojet Announces Inaugural Offering of Investment Grade Senior Unsecured Notes
MISSISSAUGA, ON, June 25, 2025 /CNW/ - Cargojet Inc. (" Cargojet" or the " Corporation") (TSX: CJT) today announced that it has priced an offering (the " Offering") of $250 million aggregate principal amount of 4.599% senior unsecured notes due 2030 (the " Notes"). The net proceeds from the Offering are expected to be used to redeem in full Cargojet's 5.25% listed senior unsecured hybrid debentures due June 30, 2026, repay indebtedness under Cargojet's credit facilities and for general corporate purposes. The Notes have been assigned a provisional rating of BBB (low), with a stable trend, by Morningstar DBRS. In a joint statement, Co-Chief Executive Officers of Cargojet, Jamie B. Porteous and Pauline Dhillon, commented, "This note offering is the result of Cargojet's multi-year journey to strengthen and reshape our business portfolio and redesign the balance sheet with an investment grade approach. We are pleased to reestablish a base level of term debt, with a lower cost and more flexible structure, as the notes do not include any financial or maintenance covenants. Maintaining the investment grade rating and strength of our financial position is a key priority for Cargojet to assist us in pursuing flexible financing opportunities depending on market conditions." The Notes will be senior unsecured obligations of Cargojet that will rank equally with all other present and future unsecured and unsubordinated indebtedness and will be guaranteed on a senior unsecured basis by certain of Cargojet's subsidiaries. The Notes are being offered on a private placement basis in each of the Provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities laws. The Offering is being led by Scotia Capital Inc. and RBC Capital Markets, as Joint Lead Agents and Joint Active Bookrunners. The closing of the Offering is expected to occur on or about June 30, 2025, subject to customary closing conditions. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and will only be sold to "accredited investors" under applicable Canadian securities laws. The Notes will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and will not be offered or sold within the United States. The Corporation also announced that it has posted an updated investor presentation to the Investor section of its website at: About Cargojet Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing dedicated, ACMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 cargo aircraft. Notice on Forward-Looking Statements: Certain statements contained herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes", "indicates", "targeting", "suggests" and similar expressions, and includes statements relating to, among other things, the use of proceeds of the Offering and the anticipated benefits of the Offering. The completion of the Offering is subject to general market and other conditions and there can be no assurance that the Offering will be completed or that the terms of the Offering will not be modified. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the Corporation's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Consolidated Financial Statements and the notes thereto and related Management's Discussion and Analysis, for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Without limiting the foregoing, there can be no assurance that the Corporation will maintain an investment grade credit rating or improve its cost of capital on favourable terms. The forward-looking statements contained in this news release represent Cargojet's expectations as of the date of this news release and are subject to change after such date. However, Cargojet disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities laws. In the event Cargojet does update any forward-looking statement, no inference should be made that Cargojet will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Yahoo
25-06-2025
- Business
- Yahoo
Cargojet Announces Inaugural Offering of Investment Grade Senior Unsecured Notes
MISSISSAUGA, ON, June 25, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced that it has priced an offering (the "Offering") of $250 million aggregate principal amount of 4.599% senior unsecured notes due 2030 (the "Notes"). The net proceeds from the Offering are expected to be used to redeem in full Cargojet's 5.25% listed senior unsecured hybrid debentures due June 30, 2026, repay indebtedness under Cargojet's credit facilities and for general corporate purposes. The Notes have been assigned a provisional rating of BBB (low), with a stable trend, by Morningstar DBRS. In a joint statement, Co-Chief Executive Officers of Cargojet, Jamie B. Porteous and Pauline Dhillon, commented, "This note offering is the result of Cargojet's multi-year journey to strengthen and reshape our business portfolio and redesign the balance sheet with an investment grade approach. We are pleased to reestablish a base level of term debt, with a lower cost and more flexible structure, as the notes do not include any financial or maintenance covenants. Maintaining the investment grade rating and strength of our financial position is a key priority for Cargojet to assist us in pursuing flexible financing opportunities depending on market conditions." The Notes will be senior unsecured obligations of Cargojet that will rank equally with all other present and future unsecured and unsubordinated indebtedness and will be guaranteed on a senior unsecured basis by certain of Cargojet's subsidiaries. The Notes are being offered on a private placement basis in each of the Provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities laws. The Offering is being led by Scotia Capital Inc. and RBC Capital Markets, as Joint Lead Agents and Joint Active Bookrunners. The closing of the Offering is expected to occur on or about June 30, 2025, subject to customary closing conditions. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and will only be sold to "accredited investors" under applicable Canadian securities laws. The Notes will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and will not be offered or sold within the United States. The Corporation also announced that it has posted an updated investor presentation to the Investor section of its website at: About Cargojet Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing dedicated, ACMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 cargo aircraft. Notice on Forward-Looking Statements: Certain statements contained herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes", "indicates", "targeting", "suggests" and similar expressions, and includes statements relating to, among other things, the use of proceeds of the Offering and the anticipated benefits of the Offering. The completion of the Offering is subject to general market and other conditions and there can be no assurance that the Offering will be completed or that the terms of the Offering will not be modified. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the Corporation's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Consolidated Financial Statements and the notes thereto and related Management's Discussion and Analysis, for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Without limiting the foregoing, there can be no assurance that the Corporation will maintain an investment grade credit rating or improve its cost of capital on favourable terms. The forward-looking statements contained in this news release represent Cargojet's expectations as of the date of this news release and are subject to change after such date. However, Cargojet disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities laws. In the event Cargojet does update any forward-looking statement, no inference should be made that Cargojet will make additional updates with respect to that statement, related matters, or any other forward-looking statement. SOURCE Cargojet Inc. 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Cision Canada
16-06-2025
- Business
- Cision Canada
Cargojet Appoints Aaron McKay As Chief Financial Officer
MISSISSAUGA, ON, June 16, 2025 /CNW/ - Cargojet Inc. (TSX: is pleased to announce the appointment of Mr. Aaron McKay as Chief Financial Officer, effective August 1, 2025. Mr. McKay brings extensive expertise in the airline industry, with a proven track record in senior financial leadership roles. His strategic acumen and deep understanding of financial operations will significantly strengthen Cargojet's executive team as the company continues to drive growth and operational excellence. "We are delighted to welcome Aaron as our Chief Financial Officer," said Co-CEOs Jamie B. Porteous and Pauline Dhillon in a joint statement. "His exceptional financial expertise and industry insights will be instrumental in guiding Cargojet's strategic initiatives and ensuring sustained financial success. We are confident Aaron's leadership will further solidify our position as a market leader." Cargojet is Canada's premier provider of time-sensitive air cargo services, serving major cities across North America. Operating a fleet of 41 cargo aircraft, the company delivers dedicated, ACMI, and international charter services, transporting over 25 million pounds of cargo weekly. With a commitment to reliability and innovation, Cargojet continues to set the standard for premium air cargo solutions. Notice on Forward Looking Statements: Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the issuer's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Annual Consolidated Financial Statements and Quarterly Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
