By Edward Robertson
Cargojet has entered into a new deal with Amazon as it seeks to generate greater revenue growth.
The new air transportation services agreement will see Cargojet will operate two Amazon-owned B767-300BDSF aircraft as part of the Amazon Air network on a CMI basis within Canada starting mid-2021.
It is hoped the agreement, which has a four-year term with three successive two-year renewal options, will generate additional revenue growth to Cargojet’s earnings and cash flows over time.
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