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Cargojet and First Air have announced they have signed a Cooperation Agreement that will create significant cost efficiencies for both carriers.
Cargojet will assume the remaining lease obligation of First Air’s B767-200 Extended Range Freighter aircraft, subject to the approval of the lessor, and will provide scheduled freighter aircraft service to First Air from Ottawa and Winnipeg to Iqaluit three days per week. Both parties will maintain their respective and existing end-user customer relationships but offer enhanced overall reliability and service to all customers.
Cargojet will be the primary and exclusive provider of freighter aircraft lift from the southern points in Canada to/from Iqaluit and First Air will be the primary provider of cargo lift within Nunavut and across the North. Joint sales and marketing initiatives of each other’s respective networks will create new revenue opportunities for both parties while providing seamless services to the marketplace.
The two airlines plan to widen their cooperation into other areas, such as joint cargo handling and aircraft maintenance.
“Cargojet is a perfect fit for First Air, a complementary network and an outstanding record of reliability and service. Both companies will benefit from synergies that will be mutually beneficial for both companies as well as for our cargo customers,” said Dr. Brock Friesen, president and CEO of First Air.
“We are looking forward to working with First Air allowing both organizations to benefit from reduced costs, enhanced revenues and to offer a seamless, flexible and reliable air cargo service to Canadian shippers across Canada,” said Dr. Ajay K. Virmani, president and CEO of Cargojet.
