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Air Canada Cargo in talks with Cargojet

Canada´s flag carrier Air Canada and Candian air cargo services firm Cargojet said they have signed a letter of intent to explore strategic opportunities in both cargo and airline operations within Canada and in international markets.

The carriers said they intend to pursue strategic opportunities and increase cooperation in various areas such as global sales and marketing, expanded interline opportunities and enhanced connectivity that would increase revenues and reduce operating costs.

Under the deal, both airlines would work towards providing optimised services to the shipping community on their respective networks.

The implementation of new strategic initiatives would be subject to Air Canada and Cargojet making any necessary filings, obtaining regulatory approvals and finalizing documentation.

Air Canada Cargo provides direct cargo service world wide. Air Canada is Canada´s largest domestic and international airline serving more than 175 destinations on five continents.

Canada´s flag carrier is among the world´s 10 largest commercial airlines and in 2012 served close to 35 m passengers. Air Canada provides scheduled passenger service directly to 60 Canadian cities, 49 destinations in the United States and 67 cities in Europe, the Middle East, Asia, Australia, the Caribbean,Mexico and South America.

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