Dwindling demand has reportedly forced Cargojet to not only cap its previous fleet growth plans, but seen it look to sell off excess capacity, listing four converted 757 freighters for sale.
CFO, Scott Calver, informed investors on Tuesday of the decision to flog the planes. Citing industry experts, Freightwaves claimed that not accounting for the cost of acquisition, the cost of converting each 757 would have been in the ballpark $5.2m.
It …
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