News / Canadian airlines invest in more freighter capacity as demand for space rises

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Canada is upping its freighter capacity, with both Cargojet and Air Canada expanding to take advantage of new opportunities.

Cargojet announced this week it had raised C$350m (US$275.2m) to  help it acquire five 767 and two 777 freighters for delivery from this year into 2023.

It will also invest in a new hangar and additional land-based infrastructure and pay off debt, it said.

“The infrastructure investments will support additional e-commerce volumes driven by the pandemic that are expected to establish a new higher ...