Fleet expansion for Cargojet

On 15 January, Cargojet announced its issuing shares in order to raise $300 million which will be used for expansion of the fleet and paying-off debts. Most notable for us aviation lovers is the airline's plan to acquire five additional B767Fs as well as two B777Fs.

The B767Fs are planned for delivery between 2021 and 2022, whilst the B777Fs are expected to arrive in 2023. It's currently unclear if the B777Fs will be newly-built, second-hand or passenger-to-freighter conversions.

Cargojet, which was founded in 2002, operates a fleet of 25 aircraft, consisting of eight B757-200(PCF)s, three B767-200(BDSF)s and fourteen B767-300ER(BDSF/BCF)s. It flies its planes on destinations in Canada, Europe and North- and South-America. It also operates some of its aircraft for DHL.

Photo by John Smitherman, kindly provided by AirHistory.net.