Cargojet continues international expansion with 21Air investment

By Damian Brett

Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.

Cargojet will acquire a 25% interest in 21Air and will “continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market”.

21Air is certified by the US Federal Aviation Administration (FAA) as a Part-121 air carrier presently operating a fleet of five Boeing 767 all-cargo aircraft. 

The company provides charter, ACMI, and CMI services to air cargo consolidators, freight forwarders, couriers, and integrators, including Cargojet.

“This transaction is in line with Cargojet’s previously announced international growth strategy. This investment further demonstrates our ambition to build a more diversified and robust global footprint with strategic partnerships,” said Ajay Virmani, president and chief executive.

Earlier this year Cargojet announced that it would acquire B777 freighters as it looked to grow its international business. The first of the widebody freighters are due to join the fleet in 2023.

The airline’s fleet currently consists of B767 and B757 aircraft.

Share this story

Related Topics

Latest acquisitions news

Groupe BBL acquires Share Logistics Group

By Rebecca Jeffrey

France-based logistics service provider Groupe BBL has acquired South Holland-headquartered Share Logistics Group. The companies said that Share Logistics Group…

Read More

Share this story

SATS secures funding plan for WFS takeover

By Damian Brett

Aviation services company SATS has finalised its funding plan for the proposed acquisition of cargo handler Worldwide Flight Services (WFS)….

Read More

Share this story

Atlas Air takeover moves ahead after shareholders’ approval

By Damian Brett

The takeover of Atlas Air Worldwide Holdings took a step forward yesterday when the firm’s shareholders voted to approve the…

Read More

Share this story