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Cargojet Redeems Outstanding 6.5% Convertible Debentures

MISSISSAUGA, ON – April 28, 2016 – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT, CJT.A) announced today that it has redeemed the aggregate principal amount of all of its outstanding 6.5% convertible unsecured debentures due April 30, 2017 (the “Debentures”), being $216,000. An aggregate of 8,184 common voting shares were issued in respect of the redemption. The Corporation paid all accrued and unpaid interest up to, but excluding, the redemption date, in cash.

Cargojet is Canada's leading provider of time sensitive overnight air cargo services and carries approximately 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of 21 all-cargo aircraft. The Company operates over 9,000 flight legs yearly and has a team of over 700 dedicated professionals. For more information, please visit:

For further information, please contact:

Pauline Dhillon
Senior Vice President Marketing, Public & Government Relations
Tel: (905) 501 7373