Cargojet Canada takes flight with national air cargo service

TORONTO (Feb. 25, 2002) — The cargo division of defunct airline Canada 3000 is back in flight, under new name.

On Feb. 22, Cargojet Canada Ltd. began domestic overnight air cargo service to 13 cities. The company’s controlling partner is Ajay Virmani, former president and chief executive officer of Canada 3000 Cargo.

The airline will operate on a wet-lease basis a fleet of four B727-200 freighters, one B737 freighter, two Beech 99 aircraft, and one Metro II aircraft.

Canada 3000 Cargo’s revenue exceeded $65 million in 2001, Virmani said. However, that included international business. Canada 3000 Cargo lost that capacity when its parent company failed in November. Canada 3000 acquired the cargo division when it bought Royal Aviation last year.

CargoJet serves Vancouver, Calgary, Edmonton, Regina, Saskatoon, Winnipeg, Thunder Bay, Toronto, Hamilton, Montreal (Dorval/Mirabel), Moncton, Halifax, and St. John’s.