Cargojet buys remaining 49% of Prince Edward Air

March 6, 2009 — 21855, 727, 727-200, 727-225, Boeing, C-GCJB, Cargojet Airways, Cargojet Regional, Georgian Express, Hamilton, Prince Edward Air, TMK Photography, YHM

Cargojet Airways (subsidiary of Cargojet Income Fund) (Hamilton) has agreed to buy the remaining 49 percent of Prince Edward Air (Charlottetown). Previously Cargojet acquired a controlling 51 percent interest in the feeder and charter airline on May 1, 2008. The deal is expected to be closed on March 31, 2009. Cargojet started the Cargojet Regional brand in October 2007 after it acquired Georgian Express on July 27, 2007

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