Cargojet Secures Lucrative China-Canada Air Freight Deal
Company Announcements

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.

For further insights into TSE:CJT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyCargojet price target raised to C$165 from C$160 at Canaccord
TheFlyCargojet price target lowered to C$167 from C$176 at TD Securities
TipRanks Auto-Generated NewsdeskCargojet’s Strong Q3 Results Show Revenue Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App