MISSISSAUGA, ON, April 2, 2026 – Cargojet Inc. (TSX: CJT), Canada's leading provider of time-sensitive premium air cargo services, announced it has entered into an agreement to divest its minority investment in 21 Air LLC, a Miami-based air cargo operator.
The investment, originally acquired in 2021 as a 25 percent stake, is being sold to strengthen Cargojet's focus on its robust domestic network, ACMI, and charter operations. This move allows the company to deploy capital in areas aligned with its core strengths.
"This decision strengthens our focus on our robust domestic network, ACMI and charter operations, while allowing us to deploy capital in areas aligned with Cargojet’s core strengths," said Pauline Dhillon, Chief Executive Officer.
Following the divestment, Cargojet and 21 Air will continue to collaborate on certain opportunities. The Mississauga, Ontario-based company operates a fleet of 41 aircraft, serving major cities across North America and carrying over 25,000,000 pounds of cargo weekly through dedicated, ACMI, and international charter services.
Cargojet's domestic operations have remained strong amid challenges in long-haul transatlantic and transpacific routes due to geopolitical factors and tariffs, as noted in recent earnings reports.