Cargojet Income Fund reported that Cargojet Airways, a company owned by the Fund, has agreed to acquire the remaining 49% interest in Prince Edward Air (“PEAL”), its regional operator of cargo aircraft based in Eastern Canada. Cargojet Airways had previously acquired a 51% interest in PEAL on May 1, 2008. The transaction is scheduled to close March 31, 2009 and is subject to completion of Cargojet’s operational due diligence.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada