CEO selling at Cargojet (CJT)

CEO selling at Cargojet (T:CJT)

Updated Thursday Sep 12, 2019 04:12 AM EDT
Ajay Kumar Virmani, CEO, disposed of 674,000 Common Voting Shares on an indirect ownership basis for registered holder The Virmani Family Trust at a price of $101.000 through a private transaction on September 10th, 2019. This represents a $68,074,000 divestment of the company's shares and an account share holdings change of -47.1%.

Cargojet is in the Air Freight & Logistics Sub Industry Group under the Industrials Sector.

Cargojet Inc. is a provider of time sensitive overnight air cargo services. The Company's cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations. Within its overnight network, the Company also provides domestic air cargo services for a range of international airlines between points in Canada that connect such airlines' gateways to Canada. The Company's freighter aircraft fleet includes B767-200, B757-200, B757-200 and Challenger 601, among others.


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