AIR CANADA CARGO, CARGOJET TALK SHOP

Air Canada and Cargojet have signed a Letter of Intent (LOI) explore strategic opportunities in both cargo and airline operations within Canada and in international markets. The carriers intend to pursue strategic opportunities and increase co-operation in various areas such as global sales and marketing, expanded interline opportunities and enhanced connectivity that would increase revenues and reduce operating costs. Both airlines would work towards providing optimized 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. (http://www.aircanada.com , http://www.cargojet.com)