Ajay Virmani Co-Hosts “The Street” on BNN

November 15, 2007

Mississauga, ONT - Cargojet Income Fund (the “Fund”) (TSX: CJT.UN) announced today that Ajay K. Virmani, President and Chief Executive Officer of the Fund, has been invited to co-host “The Street ” live on BNN (Business News Network) with host Linda Sims, on Friday, November 17, 2007 at 08:00A.
Alternatively the show may be seen by webcast on www.bnn.com.

“I am delighted and honoured to be co-hosting “The Street” with Linda Sims and the entire team of professionals at BNN. BNN has always allowed me to provide my insights and vision of the air cargo market and the overall aviation industry in Canada. Cargojet provides a premium time sensitive overnight air cargo service with a co-load network that constitutes over 50% of Canada’s domestic overnight capacity. Cargojet makes a significant contribution in facilitating the shipping and logistics of goods across North America,” said Ajay K. Virmani, President and CEO of the Fund.

BNN is Canada’s only television service devoted exclusively to business, finance and the markets. BNN is also Canada’s first and only all business news station to webcast on the Internet.

Cargojet is Canada's leading provider of time sensitive overnight air cargo services. Cargojet operates its network from across North America coast transporting over 840,000 pounds time sensitive air cargo each business night.

For additional information, please contact

Pauline Dhillon, VP Marketing, Public & Government Relations
905 501 7373 ext 135
pdhillon@cargojet.com