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Ajay Virmani Featured on Business News On BNN

June 5, 2008

Mississauga, ONT - Cargojet Income Fund (the “Fund”) (TSX: CJT.UN) announced today that Ajay K. Virmani, President and Chief Executive Officer of the Fund, will be featured on the BNN production of “The Business News With Howard Green” on Thursday, June 5, 2008 at 6:30pm. Alternatively the interview may be seen by web cast on www.bnn.ca.

Canada's leading prime-time business newscast brings you a complete round-up of the day's most important events. Every night, Howard Green interviews top newsmakers - bank presidents, oil barons, the world's most celebrated CEOs. The Business News has it all; comprehensive coverage, outstanding analysis, and the day's most important newsmakers. Mr. Virmani has been invited to share his views on the current conditions of the global aviation market.

BNN is Canada’s most trusted business source and provides daily access to the brightest financial and business experts in Canada. 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 across North America transporting over 840,000 pounds of time sensitive air cargo each business night, utilizing a fleet of thirty-five all cargo aircraft.

For additional information, please contact:

Pauline Dhillon, VP Marketing, Public and Government Relations
(905) 501-7373 ext 135 or at
pdhillon@cargojet.com.

Notice on Forward Looking Statements:

Certain statements contained herein constitute "forward-looking statements".  Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business.  Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions.  These forward-looking statements are based on current expectations and entail various risks and uncertainties.  Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate.  The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.