Board of Directors

Ajay Virmani

Mr. Virmani has over 28 years experience in the transportation industry. Mr. Virmani served as Senior Vice President of Cottrell Transport Inc. (“Cottrell”) from 1977 to 1990 when he left Cottrell to form Commercial Transport International (Canada) Ltd. (“CTI”) and Fastair Cargo Systems Ltd. (“Fastair”) where he was President and Chief Executive Officer from 1990 to 2000. CTI and Fastair acquired Cottrell in 1995 and the domestic cargo division of TNT Worldwide in 1996. By 1999 CTI and Fastair had grown to a considerable size within the transportation industry, with the two companies employing 400 employees with combined revenues of approximately $100 million. CTI/Fastair were acquired in January of 2000 by Eagle Global Logistics where he served as President from 2000 to 2001. In August 2001, Mr. Virmani, along with Mr. Mills and Mr. Porteous, formed Canada 3000 Cargo Inc., and entered into an agreement with Canada 3000 Airlines Limited to purchase the assets of Royal Cargo (a division of Canada 3000 Airlines Limited). In 2002, Canada 3000 Cargo Inc. was rebranded as Cargojet Canada Ltd. Mr. Virmani has served as the President and Chief Executive Officer of Cargojet since its inception, and has been responsible for the general business direction of the Company. Mr. Virmani earned a Masters of Business Administration from City University of New York in 1985.

Dan Mills

Mr. Mills has over 19 years of experience in the transportation industry. From 1986 to 1991 Mr. Mills was Vice-President, Finance for Cottrell and was promoted within the organization to Vice-President and General Manager in 1992. In 1995, Mr. Mills was influential in the sale of Cottrell to CTI and Fastair where he became a partner. From 1995 to 1999, Mr. Mills held the position of Director of the Hi-Tech Forwarder Network, an international freight forwarding association. In August 2001, Mr. Mills co-founded Canada 3000 Cargo Inc. where he assumed the position of Executive Vice-President and Chief Financial Officer responsible for finance and administration. Mr. Mills earned his Chartered Accountant designation in March 1987. Mr. Mills obtained a Bachelor of Commerce Degree from the University of Windsor in 1983 and a Bachelor of Arts (Economics) Degree from McMaster University in 1981.

John P. Webster (Lead Director)

Mr. Webster has been the President and Chief Executive Officer of Maple Trust Company since 1989 and Principal Officer of Maple Bank GmbH (Toronto Branch) since 2001. Mr. Webster heads the mortgage banking business for Maple Financial Group Inc., a recognized leader in the automated origination, aggregation, securitization and administration of mortgages across Canada. Mr. Webster is currently the Chairman of the Cargojet Advisory Board. Mr. Webster has been involved extensively in politics at both the federal and provincial levels. Mr. Webster received an Honours Bachelor of Arts from Wilfred Laurier University in 1979 and Bachelor of Laws and Bachelor of Civil Law degrees from McGill University in 1982 and 1983, respectively. Mr. Webster has previously served on the Women’s College Hospital Board and is currently a board member and President of Women’s College Health Research. Mr. Webster is currently a director of Maple Trust Company, an advisory board member of St. Josephs Corporation and formerly a board member of Filogix Inc.

Jonathan Carroll

Jonathan Carroll, President of itravel2000, co-founded the company in 1994 with long time best friend Jeffrey MacKenzie. With Jonathan's vision and leadership skills, both he and Jeffrey formed a team of dedicated travel professionals that set the standard in the Canadian market place. Through the positioning of Jonathan as itravel2000's spokesperson, he has become a trusted resource in the Canadian market on travel topics by the media and speaks often as an advocate of the Canadian consumer. In October 2006, Jonathan worked with Travelzest plc on the successful acquisition of itravel2000 by the British travel company and the company was sold for an unprecedented $51.5M.

Jonathan is a strong believer in giving back to the community. Jonathan's charity work extends into the community through his extensive work with Jays Care Foundation. He is also a founding Board Member of the Lakefield College School Foundation, which also boasts his Royal Highness, the Duke of York as a Trustee. In addition to those mentioned, Jonathan Carroll also holds various other Board seats
including: Travelzest plc, Mint Inc., and OneXOne.

Last year, Jonathan Carroll was awarded the prestigious Top 40 Under 40 Award honouring the best and most accomplished young professionals in Canada. This year, Jonathan Carroll has been selected to chair the annual OneXOne gala being held in support of children's charities worldwide.

Terence M. Francis

Mr. Francis has over 35 years experience in the airline industry. Since 1995, Mr. Francis has been the principal of T. & T.G. Consulting Limited providing consulting services to the travel, transportation and tourism sector. In addition to providing advisory and consulting services, Mr. Francis also served on a contract basis as advisor to the Chairman and Chief Executive Officer of Air Jamaica Limited from 1995 to 1997 and as Chief Operating Officer and Chief Executive Officer for the Canadian Tourism Commission from 1997 to 2000. From 1985 to 1995, Mr. Francis was Senior Vice President, Marketing & Sales for Canadian Airlines International, responsible for airline revenue, fleet planning and scheduling, the introduction of technology solutions for revenue maximization and passenger processing and the operations of wholly owned business units Canadian Regional Airlines Limited, Canadian Holidays (tour company) and Canadian North Airlines Limited. Mr. Francis is currently Chairman of the Tourism Sector — Canada/Japan Business Committee, Chairman of the Asia/Pacific Sector — Canadian Tourism Commission, a board member and executive committee member of the Pacific Asia Travel Association and a member of the Traffic Committee — International Air Transport Association. Mr. Francis is the Past Chairman of the Pacific Asia Travel Association on which he served from 1998 to 1999.