Cargojet has renewed and extended Air Cargo Services Agreements early with two major domestic customers.

The original agreements were due for renewal in 2021 and in July 2022, and they will run for a three-year term and contain two one year renewal options.

The total revenue of these contract renewals are estimated to be worth over $150m during their terms including the extension options.

Dr Ajay Virmani, President and CEO of Cargojet says: “The confidence that our customers place in Cargojet is a testament to the high level of reliability and cost-effective air cargo services that we have consistently provided over the past twenty years.”