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AC Cargo, Cargojet, explore strategic opportunities

Nov. 20, 2013, Montreal - Air Canada and Cargojet today announced they have signed a Letter of Intent (LOI) to explore strategic opportunities in both cargo and airline operations within Canada and in international markets.


November 20, 2013
Carey Fredericks

The carriers intend to pursue strategic opportunities and increase
cooperation in various areas such as global sales and marketing,
expanded interline opportunities and enhanced connectivity that would
increase revenues and reduce operating costs. Both airlines would work
towards providing optimized services to the shipping community on their
respective networks.

"We are looking forward to working with Air Canada towards improving the
depth and reach of both companies' air cargo services, both
domestically and internationally, among other strategic opportunities,"
said Ajay K. Virmani, President and Chief Executive Officer of
Cargojet.

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"We are very pleased to be in discussions with Cargojet to explore
opportunities for revenue growth and synergies that will be mutually
beneficial for both our companies and customers," said Lise-Marie
Turpin
, Air Canada Cargo Vice President.  "Developing further our
relationship with Cargojet is an exciting opportunity."

The implementation of new strategic initiatives would be subject to Air
Canada and Cargojet making any necessary filings, obtaining regulatory
approvals and finalizing documentation.