Cargojet Exits 21 Air Investment to Strengthen Focus on Key Operations

MISSISSAUGA, ON, April 2, 2026 – Cargojet Inc. (TSX: CJT) (“Cargojet” or the “Company”) today announced that it has entered into an agreement to divest its minority investment in 21 Air LLC, a Miami-based air cargo operator.

“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.

Originally acquired in 2021, the investment in 21 Air provided valuable collaboration and insight into the U.S. cargo market. As Cargojet continues to execute on its strategic priorities, the Company is streamlining its efforts toward areas where it has a clear strategic advantage.

Following Cargojet’s divestment of its minority investment in 21 Air, Cargojet and 21 Air will continue to collaborate on select commercial opportunities to support customers in the growing air cargo market.