Cargojet Airways (W8, Hamilton, ON) is set to join the list of airlines operating freighter aircraft owned by Amazon.com after the two parties signed a services agreement covering two B767-300ER(BDSF)s.
The Canadian cargo specialist will operate the two Boeing freighters on a CMI basis, formally on behalf of Amazon Canada Fulfillment Services, ULC. The contract is due to start in mid-2021, once the conversion of the two aircraft is completed. The agreement will initially run for four years, although the contract foresees three successive two-year extension options.
Although Cargojet has operated charter flights on behalf of Amazon in the past, it does not have any aircraft under an exclusive contract with the e-commerce firm at this time. The ch-aviation fleets module indicates that Cargojet's fleet comprises eight B757-200(PCF)s, three B767-200(ERBDSF)s, four B767-300ER(BCF)s, and ten B767-300(ERBDSF)s. The airline owns most of the aircraft, except for five B767 freighters dry-leased from Cargo Aircraft Management, the ch-aviation fleets ownership module shows.
In 2019, Cargojet issued warrants for a 14.9% stake to Amazon.com which mature subject to commercial requirement over a seven-year period.
Amazon.com does not have exclusive charter contracts with any other Canadian airline.
