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Ajay Virmani Speaks on the Presidents Panel of the Canadian Courier & Logistics Association

October 15, 2007

Mississauga, ONT - Cargojet Income Fund (the “Fund”) (TSX: CJT.UN) announced today Mr. Virmani has been invited to participate in the “Presidents Panel” at the CCLA’ Conference being held on Tuesday, October 16, 2007.

Mr. Virmani will be sharing his views and insights on the themed panel discussion of “Seizing Opportunities and Managing Challenges.” Mr. Virmani will focus on industry challenges and trends as well as discuss Cargo jet’s initiatives as being the most dominant air cargo service provider in Canada.

“I am honoured and fortunate to be participating on the President’s Panel of the CCLA and to speak on the rapidly growing and changing air cargo industry in Canada. Some of these trends, opportunities and challenges are unique only to this marketplace, and we will continue to exceed our customers needs and expectations while we continue to be leaders in this industry”, said Ajay K. Virmani, President and CEO of the Fund.

Cargojet is Canada's leading provider of time sensitive overnight air cargo service. Cargojet operates its network from coast to coast transporting over 550,000 pounds of time sensitive air cargo to thirteen major cities in Canada each business night.

For additional information, please contact

Pauline Dhillon,
VP Marketing, Public & Government Relations
905 501 7373 ext 135 or at

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