Cargojet

What Cargojet does

Cargojet is Canada's leading overnight air cargo airline, operating a dedicated fleet of 41 Boeing all-cargo freighters (B767-300ER, B767-200ER, and B757-200ER) that carry more than 25 million pounds of cargo weekly. The company, founded in 2001/2002 and headquartered in Mississauga, Ontario, is publicly traded on the TSX under the symbol CJT and holds a BBB (low) investment-grade rating from Morningstar DBRS. Cargojet's technology stack centers on a fully integrated Electronic Flight Bag, a 24/7 Cargo Movement Control Center, modern network operations and dispatch systems, and compliance with IATA IOSA, ISO 9001:2015 (23 consecutive years), C-TPAT, ACSP, and ACISP security frameworks. The platform achieves 98.5-99% on-time reliability across more than 15,000 annual flight legs.

Cargojet generates revenue through three integrated service lines: a domestic overnight air cargo network across Canada under multi-year contracts, ACMI (Aircraft, Crew, Maintenance, Insurance) wet/damp/dry lease services for other airlines, and international charter services spanning North America, Europe, Latin America, and transpacific routes. The company's customer base is anchored by long-term dedicated contracts with Amazon (extended through March 2029, with a renewal option to 2031) and DHL, supplemented by enterprise customers like Great Vision HK Express (CAD $160M three-year deal) and a long tail of freight forwarders, airlines, and specialized charter clients. Pricing is quote-based and not publicly disclosed; long-term contract pricing is negotiated on utilization, route, and capacity terms.

The company is expanding geographically with a new direct Canada-to-Europe cargo service launched from Liege Airport in November 2025, and has recently divested its minority stake in 21 Air LLC (April 2026) to focus on core domestic, ACMI, and charter operations. Cargojet is led by Executive Chairman and Founder Dr. Ajay K. Virmani, with Pauline Dhillon succeeding as CEO effective January 1, 2026, and Aaron McKay appointed CFO effective August 2025.

Name

Cargojet

Legal name

Cargojet Inc.

Website

https://cargojet.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cargojet is Canada's leading overnight air cargo airline, operating a 41-aircraft Boeing freighter fleet to serve e-commerce, express delivery, airline, and charter customers across North America, Europe, and Latin America.

Ownership category

akta.pro rank

Product category

Air Cargo Services

NAICS

Scheduled Freight Air Transportation (481112), Nonscheduled Chartered Freight Air Transportation (481212), Nonscheduled Air Transportation (4812), Air Transportation (481)

SIC

Air Transportation, Scheduled (4512), Air Transportation, Nonscheduled (4522)

akta.pro primary industry

Scheduled Air Cargo Airlines (All-Cargo Carriers) (THABAEAA)

akta.pro secondary industries

Air Freight Charter Operators (THABAEAD), Heavy-Lift & Outsize Cargo Airlines (THABAEAG), Air Cargo Charter Specialists (On-Demand) (TLADAAAE)

Keywords

• Air cargo services
• Overnight freight delivery
• ACMI aircraft leasing
• International cargo charter
• B2B logistics airline

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Domestic Overnight Cargo: Core domestic overnight air cargo network across Canada, carrying over 25 million pounds weekly. Revenue driven by time-sensitive overnight deliveries for e-commerce and express delivery customers.
2. ACMI (Aircraft, Crew, Maintenance, Insurance): Wet, damp, and dry lease contracts for airlines providing aircraft with crew, maintenance, and insurance. Supports other airlines with flexible leasing solutions.
3. International Charter Services: Custom air cargo charter services for oversized cargo, hazardous materials, valuable goods, humanitarian aid, and specialized transport. Covers remote destinations and time-critical shipments.
4. Dedicated Contract Services: Long-term dedicated air transportation agreements with major customers like Amazon, providing guaranteed capacity and customized service levels.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Cargojet is Canada's leading air cargo airline operating a fleet of 41 Boeing all-cargo freighters (B767-300ER, B767-200ER, B757-200ER) providing time-sensitive overnight air cargo services. The company delivers over 25 million pounds of cargo weekly across three integrated service lines: a domestic overnight network serving all major Canadian cities, ACMI (Aircraft, Crew, Maintenance, Insurance) wet/damp/dry lease contracts to other airlines, and international charter operations covering transatlantic (Europe), transpacific (Asia), and Latin American routes.

Product overview

Cargojet operates as Canada's leading air cargo airline offering a unified portfolio of time-sensitive air cargo services. The core offering consists of three integrated service lines: a domestic overnight network serving all major Canadian cities, ACMI services (wet/damp/dry aircraft leasing), and international charter operations spanning Europe, Latin America, and transpacific routes. Supporting these are specialized charter services for urgent cargo, dangerous goods, oversized freight, humanitarian relief, pharmaceuticals, perishables, and live animals. The company operates an all-Boeing fleet of 41 freighters (B767-300ER, B767-200ER, B757-200ER) providing over 25 million pounds of weekly cargo capacity, with capabilities ranging from domestic overnight delivery to long-haul international operations.

Differentiator

Problem solved

Functional benefit

Brands

• Go Now: Time-critical charter service for urgent situations requiring immediate aircraft deployment
• Cargo Movement Control (CMC)

Products and services

• Domestic Overnight Air Cargo Network Time-sensitive overnight air cargo services across Canada, providing delivery to all major Canadian cities using a dedicated fleet of 41 Boeing freighters carrying over 25 million pounds of cargo weekly. Designed for e-commerce, express delivery, and time-critical shipping customers.
• ACMI Services (Aircraft, Crew, Maintenance, Insurance) Wet, damp, dry, and hybrid lease contracts providing other airlines with aircraft, crew, maintenance, and insurance for freighter operations. Long-term contractual arrangements with monthly or quarterly billing based on aircraft utilization. Supports airlines requiring flexible cargo capacity.
• International Charter Services Cargo charter services operating internationally on transatlantic routes to Europe (including the new Canada-Liege service launched November 2025), transpacific routes to Asia, and Latin American destinations. Quote-based pricing based on cargo type, route, urgency, and aircraft type required.
• Go Now Time-Critical Charter Service Immediate, urgent charter service for situations requiring immediate action, providing rapid deployment of aircraft to meet time-sensitive cargo needs. Sub-brand of Cargojet's charter offerings.
• Dangerous Goods Charter Service Specialized transport of hazardous materials and sensitive cargo, complying with strict safety protocols and regulations for secure shipment of dangerous goods.
• Heavy & Oversized Cargo Charter Charter service for oversized and heavy cargo that traditional transportation cannot handle, providing efficient and secure transport solutions for bulky shipments using Boeing 767 and 757 freighters.
• Humanitarian and Relief Charter Service Rapid transportation of relief supplies to regions affected by natural disasters, conflicts, or emergencies, facilitating timely assistance to communities in need. Cargojet has shipped life-saving PPE through this service.
• AOG (Aircraft on Ground) Solutions Emergency solutions that swiftly arrange alternative aircraft to minimize disruption from unexpected maintenance issues, supporting airline and aerospace customers facing grounded aircraft.
• Live Animal Transportation Service Specialized live animal transport service for pets, livestock, and other animals with specialized care and attention to welfare requirements throughout the journey.
• Pharmaceutical Transport Service Temperature-controlled, secure pharmaceutical cargo transport with specialized aircraft and handling to maintain cargo integrity throughout the journey, serving regulated cold-chain requirements.
• Perishables Shipping Service Temperature-sensitive shipping for fruits, vegetables, herbs, flowers, meat, lobster, fish, and pre-packaged seafood with precise temperature control and time-critical delivery.

Quantifiable outcome

• 98.5%+ on-time reliability across 15,000+ annual flight legs
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor, strategic and core.

• 21 AirminorStrategic or Co-development Partner · 2 April 2026Previously a 25% minority investment in Miami-based air cargo operator 21 Air, which operates Amazon's domestic e-commerce network and provides freight services for DHL Express. Divested stake in April 2026 to focus on core domestic operations. Companies continue to collaborate on select commercial opportunities.
• Liege AirportstrategicStrategic or Co-development Partner · 30 October 2025Partnership with Liege Airport (LGG), Europe's leading cargo gateway, for direct air cargo service connecting Canada to Europe. Weekly service beginning November 1, 2025, marking Cargojet's expansion into European market. Gateway to European logistics network.
• DHLcoreStrategic or Co-development Partner · 5 August 2025Long-term strategic partnership providing dedicated cargo services for DHL Express operations. Cargojet operates flights on behalf of DHL to multiple destinations including Mirabel (YMX), Calgary (YYC), Hamilton (YHM), Vancouver (YVR), Winnipeg (YWG), and US locations (Cincinnati, Miami, Newark, JFK). Relationship solidified with renewed multi-year agreement.
• AmazoncoreStrategic or Co-development Partner · 2 July 2025Extended air transportation services agreement for Amazon Canada Fulfillment Services. Four-year contract extension through March 31, 2029, with Amazon option to renew until March 31, 2031. Multi-year relationship supporting Amazon's Canadian e-commerce logistics network.
• Great Vision HK ExpresscoreStrategic or Co-development Partner · 10 June 2024Three-year agreement for scheduled charter services between Hangzhou, China and Vancouver, B.C. Minimum three flights per week utilizing B767-300F aircraft. Estimated total revenue over CAD $160M for full term. Serves expanding Chinese e-commerce sector with end-to-end logistics solutions.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• DHL Aviation: DHL Aviation operates a global network of dedicated cargo aircraft for DHL Express shipments. It is both a Cargojet customer and a structural competitor in North American and transatlantic express airfreight, making it the closest comparable integrator.
• UPS Airlines: UPS Airlines is a major scheduled and charter cargo carrier operating a large freighter fleet across North America and internationally. It is a direct broad incumbent comparable to Cargojet on overnight express, ACMI-equivalent capacity, and e-commerce logistics contracts.
• FedEx Express: FedEx Express is the world's largest express cargo airline with scheduled and charter freight services globally. It is the dominant broad incumbent in time-sensitive air cargo, directly competing with Cargojet's overnight network and serving the same e-commerce and enterprise shipper base.

Direct peers

• Atlas Air: Atlas Air is a leading global ACMI/leasing cargo operator with a widebody freighter fleet. It is a direct peer on Cargojet's ACMI/wet-lease revenue stream, fleet composition (767/757-class freighters), and contracted capacity business model.
• Air Transport Services Group (ATSG): ATSG is a premier ACMI/leasing cargo carrier providing wet-lease, aircraft maintenance, and scheduled cargo services. It is a direct peer to Cargojet on the leasing/ACMI revenue stream and serves integrators including Amazon and DHL.
• Amerijet International: Amerijet International is a North American all-cargo carrier operating scheduled and charter freight services across the Americas and Caribbean. It is a direct peer on dedicated freighter operations, charter services, and time-sensitive cargo delivery.
• Western Global Airlines: Western Global Airlines operates a fleet of MD-11 and 767 freighters providing ACMI, charter and scheduled cargo services worldwide. It is a direct peer on freighter ACMI/leasing and international charter operations targeting e-commerce and integrator customers.
• Kalitta Air: Kalitta Air is a US-based cargo airline operating 747 and 767 freighters for ACMI, charter, and scheduled services, including for the US Air Force and DHL. It is a direct peer on widebody charter, heavy/oversize cargo, and ACMI wet-lease offerings comparable to Cargojet's international charter business.

Regional players

• WestJet Cargo: WestJet Cargo provides air cargo services within Canada leveraging belly-cargo capacity on WestJet's passenger network. It is a Canadian regional competitor that overlaps with Cargojet's domestic overnight value proposition, though operating on passenger aircraft rather than dedicated freighters.
• Air Canada Cargo: Air Canada Cargo operates international air cargo services leveraging Air Canada's passenger fleet and dedicated freighters. It is a Canadian-domiciled competitor that overlaps with Cargojet on transatlantic and select domestic cargo routes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cargojetairways
• LinkedInlinkedin.com/company/cargojet-income-fund
• Instagraminstagram.com/?hl=en

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cargojet