From Cargojet
(Just received C$350 million)
For:
Quote:
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Expand Domestic Capacity and Facilities. The COVID-19 pandemic has generally increased demand for Cargojet’s domestic air cargo services due to the dramatic increase in e-commerce activity. The Company intends to use a portion of the net proceeds of the Offering to fund growth capital expenditures including the acquisition of five B-767 freighter aircraft for delivery in 2021/2022, as well as investments in a new hanger and additional land-based facility infrastructure in Canada. The infrastructure investments will support additional e-commerce volumes, driven by the ongoing pandemic, that are expected to establish a new higher baseline going forward.
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Quote:
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the acquisition of two long-range B-777 freighter aircraft for international routes for delivery in 2023.
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Rumors are that they want to build a hanger twice the size of anything else they have at YHM.
https://www.globenewswire.com/news-r...BvR-phpzfio3W0