Cargojet has found a way to extend its US network: acquiring 25% of North Carolina-headquartered airline 21Air.
21Air, a Part-121 carrier which operates five 767 freighters, provides charter, ACMI and CMI services to customers including Cargojet.
In its second-quarter earnings call last week, before the Air21 deal was announced, Cargojet CEO Ajay Virmani described what he was looking for in a partner in the carrier’s international growth strategy.
“Our ideal partner would [be] …
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Source: The Loadstar