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Cargojet Successfully Recertifies ISO 9001 Quality Accreditation

June 10, 2008

Cargojet Income Fund (the "Fund") (TSX: CJT.UN) today announced the successful recertification of its ISO 9001:2000 Quality Standard Accreditation, for the eighth consecutive year.  Cargojet is the only air cargo carrier in Canada with this accreditation.

“This accreditation reinforces the continuity of the value added, safe, on time and reliable service Cargojet provides to its customers on a daily basis. It includes a review of an organization's documented quality management system and ongoing audits of the facility to ensure the quality management system has been implemented and is effective" says Ajay K. Virmani, President and CEO of the Fund.   “ We have once again earned this certification due to the hard and conscientious efforts of our team of dedicated professionals, who continue to surpass our customers expectations while maintaining excellence in standards and procedures”, adds Virmani.

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.