Cargojet Inc T.CJT

Alternate Symbol(s): CGJTF | T.CJT.DB.F | T.CJT.DB.E

Industrials Airports & Air Services

Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated aircraft to customers on an ACMI basis, operating between points in Canada, the United States, Mexico, South America, Asia and Europe. It also operates scheduled and ad hoc international routes for multiple cargo customers between United States and Bermuda, between Canada, United Kingdom and Germany; between Canada and Asia; and between Canada and Mexico. Its charter services include Go Now, dangerous goods, heavy & oversized cargo, humanitarian and relief, remote destinations, automotive, and oil and gas. The Company operates its network with its own cargo fleet of approximately 41 aircraft.

TSX:CJT - Post by User

Cargojet Inc

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Post by retiredcfon Feb 01, 2021 12:02pm

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Post# 32436924

Globe & Mail

Was out all morning so was hoping to add more below the financing level. But the market woke up. GLTA

08:36 AM EST, 02/01/2021 (MT Newswires) -- Cargojet Inc. (CJT.TO) said on Monday it closed a previously announced equity offering of 1.642 million shares.

The shares were sold at a price of $213.25 each for gross proceeds of approximately $350 million.

The Ontario-based cargo airline said it plans to uses the proceeds to expand its domestic capacity and facilities, pursue U.S. and international growth, and repay debt.

Cargojet shares declined 1.6% in Toronto Stock Exchange trading on Friday.

Price: 204.00, Change: -3.42, Percent Change: -1.65

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