Cargojet and the John C. Munro Hamilton International Airport today announced a partnership in the Airport’s $12 million Air Cargo Logistics Facility, for which construction will begin in spring 2014. Cargojet will occupy approximately half of the 77,000 square foot Facility for both office and dedicated warehouse space.
“Cargojet is a long-time partner of the Airport and we are extremely excited to announce Cargojet as the anchor in the Air Cargo Logistic Facility,” said Frank Scremin, President and CEO of John C. Munro Hamilton International Airport. “There is a significant opportunity to further develop air cargo services at Hamilton International; having secured the proper infrastructure and a partnership with Cargojet, Canada’s Cargo Airline, puts us in a great position to realize this.”
“This initiative will allow Cargojet to enhance efficiencies when handling our customers’ products in a safe, secure and temperature controlled environment,” said Ajay K. Virmani, President & CEO of Cargojet. “We look forward to strengthening our relationship with the Hamilton International Airport as we grow our overnight air cargo network significantly with the recently awarded major new contract by Canada Post and Purolator that will potentially double the size of our business. While we move forward with this expansion our key focus will be to ensure our current customer base continue to receive a first-class added service.” he added.
The Air Cargo Logistics Facility is being funded through a joint partnership between the federal and Ontario governments and TradePort International Corporation, with support from Hamilton’s municipal government, and slated to be complete in 2015.
About Cargojet
Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carry over 500,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft. Cargojet recently signed an LOI with Air Canada to explore strategic opportunities in both cargo and airline operations within Canada and international markets. For more information, please visit: www.cargojet.com.
About John C. Munro Hamilton International Airport
John C. Munro Hamilton International Airport is a growing passenger airport and thriving cargo hub. In 2012, over 350,000 passengers used Hamilton International and over 76,000 tonnes of cargo was moved through the Airport, making it one of the largest cargo airports in Canada. Hamilton International’s strategic location and uncongested 24/7 operations make it an attractive option for both passengers and cargo carriers looking to serve the Southern Ontario market. The Airport’s tie to Vantage Airport Group – an industry leading investor, developer and manager of airport assets – allows Hamilton International to incorporate best-in-class practices from around the world into its operations. flyhamilton.ca
Media Contacts:
Pauline Dhillon
Vice President Marketing, Public & Government Relations
Tel: (905) 501 7373
pdhillon@cargojet.com
Ashley Rapley
Marketing and Communications Coordinator
media@flyhamilton.ca
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.
