MISSISSAUGA, ON—Cargojet Inc is phasing out the operation of its older generation B727-200F freighter aircraft on the domestic overnight network and replacing them with newer generation B757-200 Extended Range Freighter aircraft. Cargojet has taken delivery of two B757-200ER aircraft and another two will be entering the fleet at the end of the second Quarter.
The company expects the newer planes to position it to meet the future growth and to provide consistent and reliable time-sensitive overnight air cargo transportation across Canada. This aircraft type is more environmentally friendly and has a significantly lower carbon footprint than the aircraft being replaced.
Upgrading the fleet will require a significant capital investment by Cargojet, as the ownership cost of these newer aircraft is far greater than the older generation and currently owned aircraft. While fuel savings will of course by realized, these will be more than offset by the higher capital cost of the aircraft. Once fully implemented, the B757-200ER aircraft will provide approximately 20 percent more capacity on major overnight lanes.
Cargojet provides time-sensitive overnight air cargo services and operates a network across North America as well as global air charters.