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December 06, 2012 | General

Media Release

Cargojet takes the lead in EIA Cargo Village

Cargo company’s operations take flight from specialized new facility

December 6, 2012 (Edmonton, AB) – Cargojet, Canada’s leading provider of time sensitive overnight air cargo services, has expanded operations with a newly constructed facility at Edmonton International Airport (EIA).

A group of investors led by Terracap Investments Inc. owns the new world-class, multi-tenant cargo facility, built on four acres of land at the end of the south runway.  Cargojet has taken possession of approximately 8,700 square feet of the 50,000 square foot facility. The industrial and cargo distribution centre provides tenants with direct access to 236,000 sq feet of cement aircraft handling apron space, through its 40 loading doors.

“This is a big step for both the company and the airport,” said Lyle Gibson, Cargojet General Manager for Western Canada. “It is an important location for us, as well as a gateway for many of our courier customers to the North”.

The newly opened facility provides the cost-effective base for Cargojet to grow its Edmonton operations, with the much needed warehouse space and dedicated cargo ramp that are both essential for cargo carriers to operate from an airport.  The increased space for cargo aircraft and the new handling facilities will give the airport the ability to handle increased cargo volume in future.

This operation and other land development projects reflect EIA’s more than $20 million commitment to ensure the infrastructure is in place to support the growing cargo and general aviation sectors.

“We’re really pleased to host Cargojet,” said Myron Keehn, EIA Vice President of Commercial Development. “Cargojet’s operation from this new cargo facility, a component of EIA’s Cargo Village, will help serve the growing need for cargo services in the Capital Region, make our region more competitive and give EIA a much higher profile.”

“Our investment in this state of the art cargo facility is indicative of our confidence in the future of the airport and the vision and direction set by EIA” added Wayne Humphries, Chief Investment Officer for Terracap Investments Inc.

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Media Contact:

EIA                                          Cargojet                                         Terracap Investments Inc.

Chris Chodan                            Lyle Gibson                                     Wayne Humphries

Communications                        General Manager, Western Canada   CIO

c: 780 700 3596                         t: 604 244 8868                               t: 416 222 9345 ext 5358

e: cchodan@flyeia.com               e: lgibson@cargojet.com                   e: whumphries@terracap.ca

Media Release

Backgrounder

About Cargojet

Cargojet provides services in Canada for global courier giants such as UPS and Loomis, as well as other freight forwarders. Much of the cargo the company ships is dry product and oilfield equipment, making Edmonton an important transport hub. Cargojet also flies connecting flights to Europe and the Caribbean.

About Terracap Management Inc.

Terracap Management Inc. built and owns the building that Cargojet will operate from.  Terracap Management Inc. and Terracap Investments Inc. are part of the Ontario based Terracap Group, a fully integrated, diversified real estate company focused on value enhancement through strategic acquisitions, redevelopment and management.

About EIA Cargo Village

EIA is committed to ensuring the infrastructure is in place to support cargo aviation.  In 2010 EIA serviced approximately 200 acres adjacent to the primary runway and will continue developing infrastructure by completely modernizing and relocating all the airport cargo facilities.

More information is available at: www.flyeia.com/cargo, www.cargojet.com, www.terracap.ca

Cargo facility brochure: http://corporate.flyeia.com/media/561830/cargodistribution_br_print_aug_31_12.pdf

Follow on Twitter @FlyEIACargo