Cargojet agrees new deal with Amazon in Canada

posted on 6th April 2021 by Eddie Saunders
Cargojet agrees new deal with Amazon in Canada

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.