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Cargojet successfully completes fleet renewal plan for 2008

NEWS HIGHLIGHT

Cargojet successfully completes fleet renewal plan for 2008
Cargojet Income Fund has announced its second Boeing 767-200 Extended Range Freighter Aircraft has recently joined its fleet.


October 10, 2008
By Administrator

Cargojet Income Fund has announced its second Boeing 767-200 Extended Range Freighter Aircraft
has recently joined its fleet.

The B767-200ER aircraft has a maximum structural payload of 100,000
pounds, an increase of 67% as compared to the current B727-200 Advanced
Freighter Aircraft and will allow further expansion with a maximum range of
5000 nautical miles. The B757-200ER is capable of uplifting a maximum cargo
payload of 80,500 pounds an increase payload of 33% compared to the current
B727-200AF.

"We are very excited to be the first Canadian air cargo operator to
introduce these newer generation, longer range, and more fuel efficient and
environmentally friendly aircraft to our fleet. These aircraft will allow us
to efficiently deploy capacity to match customer demand and to continue
providing value added services to our customers," says Ajay K. Virmani,
President and CEO of the Fund.
All three new aircraft have entered into revenue service on the domestic
overnight network as of September 30th.

Cargojet is Canada's leading provider of time sensitive overnight air
cargo services. Cargojet operates its network across North America
transporting over 885,000 pounds of time sensitive air cargo each business
night, utilizing a fleet of thirty-five all cargo aircraft.