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Cargojet announces long-term strategic agreement with DHL to provide global air-transportation services
Cargojet announces long-term strategic agreement with DHL to provide global air-transport...
About this update from Cargojet Inc.
[{"type":"text","content":"\n \n \n \n Cargojet announces long-term strategic agreement with DHL to provide global air-transportation services\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n DHL to utilize Cargojet's entire portfolio of services to support its growth\n \n \n \n \n DHL to receive warrants, with vesting tied to achievement of commercial milestones up to\n \n C$2.3 billion\n \n in business volume over 7 years\n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n March 29, 2022\n \n \n /CNW/ -\n \n March 29, 2022\n \n – Cargojet Inc. (\"\n \n Cargojet\n \n \") (TSX: CJT) announced today that it has entered into a new long-term strategic agreement (the \"\n \n Agreement\n \n \") with DHL Network Operations (\n \n USA\n \n ) Inc. (\"\n \n DHL\n \n \"), an affiliate of Deutsche Post DHL Group (the \"\n \n Group\n \n \") (XETRA: DPW.DE), for a term of five years with a renewal option for an additional two years, to provide air-transportation services for DHL's global network.\n \n \n The Agreement is expected to be meaningfully accretive to Cargojet's earnings and cash flows over time and help Cargojet further diversify its portfolio of services in line with its previously announced strategic goal of achieving a balanced portfolio.\n \n \n Under the Agreement, Cargojet will provide ACMI, CMI, charter, and aircraft dry lease services to DHL to support DHL's international requirements for\n \n Europe\n \n and North, South, Central and\n \n Latin America\n \n , as well as\n \n Asia\n \n . Carg...