Cargojet partners with Great Vision HK for $160M air freight deal

MISSISSAUGA — Cargojet has entered into a three-year agreement with China-based Great Vision HK Express to provide scheduled charter services—from Hangzhou, China to Vancouver, and from Vancouver to Hangzhou, China—utilizing B767-300F aircraft.

Cargojet has completed eight flights to date starting from May 22 this year. It plans on operating at least three flights per week. Total revenue for this program is estimated at over $160 million for the full term of the agreement.

“Leveraging Cargojet’s record of on-time performance and reliability will allow Great Vision HK to provide enhanced services for China-based e-Commerce service providers, to their customers across Canada,” said Jamie B. Porteous, co-chief executive officer.

Great Vision HK provides China-to-Canada-to-China end-to-end integrated logistics supply chain solutions, including pick-up, pre-sorting, international air freight, customs clearance, distribution, last-mile delivery and after-sales services.

Christine Cheng, co-founder and COO at Great Vision HK said international air freight is a key part of such a logistical chain, and the partnership will allow them to offer extremely reliable and efficient services while continuing to promote trade between the two countries.

Cargojet operates its network with its own fleet of 41 aircraft.