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.