Cargojet Inc. announced that Mr. Alan Gershenhorn has been appointed to its board of directors (the "Board") effective March 17, 2021 and will stand for election at the Corporation's Annual Meeting of Shareholders scheduled to be held on March 30, 2021 (the "Meeting"). Mr. James R. Crane has resigned from the Board in line with best corporate governance practices in order to pursue a business venture in the US with whom Cargojet has a significantly expanding commercial relationship. The Board thanks Mr. Crane for his invaluable leadership and contribution to the Corporation. As lead director, Mr. Paul Godfrey will act as interim independent chair of the Board. Mr. Gershenhorn brings over 40 years of experience in U.S. and international enterprise logistics to the Board. During his 39-year tenure at United Parcel Service Inc. ("UPS"), the world's largest package delivery company, Mr. Gershenhorn served in several significant leadership positions, including most recently as Executive Vice President and Chief Commercial Officer through June 2018.