Cargojet Inc., a Mississauga, Ontario-based air cargo carrier listed on the TSX under CJT, has agreed to sell its minority stake in 21 Air LLC, a Miami-headquartered cargo operator.
The move, announced on April 2, 2026, aims to redirect resources toward the company’s primary activities, including its domestic network, ACMI services and charter flights. Pauline Dhillon, Cargojet’s chief executive officer, stated that the divestiture allows capital allocation to initiatives matching the firm’s main capabilities.
Cargojet first took a stake in 21 Air in 2021, securing a 25% interest in the Greensboro, North Carolina-based airline with Miami offices. The partnership had sought opportunities in the growing air cargo sector. Details on the sale terms remain undisclosed.