DHL Express has renewed its partnership with cargojet for freighter operations covering Canada and Latin America until 2033. under the agreement, Cargojet will offer air transportation services, including ACMI, CMI , charter , and aircraft dry lease services to DHL . The partnership is with DHL Network Operations USA and will run until 31 March 2033. There are two consecutive renewal options, each for an additional two-year term, potentially extending the agreement until March 2037. as part of the deal , DHL will reduce its right to potentially acquire a 9.5% stake in cargojet down to a 6.6% share. cargojet currently utilises a fleet of Boeing 767 and Boeing 757 freighters to service DHL's global requirements. "Under this expanded strategic partnership, DHL will maintain a minimum monthly block hours guarantee and provide Cargojet with a preferred opportunity to fly additional routes as it rearranges or adds additional capacity globally,” the partners said in a press release.The two companies have worked together since 2005.Cargojet executive chairman Ajay Virmani said: "Securing the confidence of DHL Group underscores the strength of Cargojet’s value proposition as a long-term strategic partner. "This deepened alliance is a testament to our team’s relentless commitment to delivering industry-leading on-time performance and operational flexibility.”Travis Cobb, executive vice president global operations and aviation, DHL Express, added: “Cargojet is an important strategic partner and delivers high quality, capacity, and flexibility to DHL Express, operating key routes for us into Canada, Mexico, and Latin America."The deal is the second major contract extension announced by Cargojet this year. In early July, the company announced an extended deal with e-commerce giant Amazon.


source : air cargo news