Air cargo deal inked

by MM&D Online Staff

MISSISSAUGA AND KANATA, ON—Cargojet and First Air have signed a cooperation agreement that will create significant cost efficiencies for both carriers.

Cargojet will assume the remaining lease obligation of First Air’s B767-200 Extended Range Freighter aircraft, subject to the approval of the lessor, and will provide scheduled freighter aircraft service to First Air from Ottawa and Winnipeg to Iqaluit three days per week. Both parties will maintain their respective and existing end-user customer relationships but offer enhanced overall reliability and service to all customers.

Cargojet will be the primary and exclusive provider of freighter aircraft lift from the southern points in Canada to/from Iqaluit and First Air will be the primary provider of cargo lift within Nunavut and across the North. Joint sales and marketing initiatives of each other’s respective networks will create new revenue opportunities for both parties while providing seamless services to the marketplace.

The two airlines plan to widen their cooperation into other areas, such as joint cargo handling and aircraft maintenance.