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Cargojet Successfully Completes Fleet Renewal Plan For 2008

October 2, 2008

Cargojet Income Fund  (the “Fund”) (TSX: CJT.UN), Canada’s leading domestic premium overnight air cargo network operator, today announced today it’s second Boeing 767-200 Extended Range Freighter Aircraft has recently joined it’s fleet. 

The B767-200ER aircraft has a maximum structural payload of 100,000 pounds, an increase of 67% as compared to the current B727-200 Advanced Freighter Aircraft and will allow further expansion with a maximum range of 5000 nautical miles.  The B757-200ER is capable of uplifting a maximum cargo payload of 80,500 pounds an increase payload of 33% compared to the current B727-200AF. 

“We are very excited to be the first Canadian air cargo operator to introduce these newer generation, longer range, and more fuel efficient and environmentally friendly aircraft to our fleet.  These aircraft will allow us to efficiently deploy capacity to match customer demand and to continue providing value added services to our customers,” says Ajay K. Virmani, President and CEO of the Fund.

All three new aircraft have entered into revenue service on the domestic overnight network as of September 30th. 

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services.  Cargojet operates its network across North America transporting over 885,000 pounds of time sensitive air cargo each business night, utilizing a fleet of thirty-five all cargo aircraft.

Pauline Dhillon, VP Marketing, Public and Government Relations
Cargojet Income Fund,
350 Britannia Road East, Units 5 & 6,
Mississauga, Ontario, L4Z 1X9
(905) 501-7373 ext 135 or at
pdhillon@cargojet.com.