January 18, 2021 – Cargojet announced this week it had raised C$350m (US$275.2m) to help it acquire five 767 and two 777 freighters for delivery from this year into 2023. It will also invest in a new hangar and additional land-based infrastructure and pay off debt, it said. This is in addition to Air Canada’s announcement to convert two of its 767-300ER aircraft into full freighters. These should be ready by the end of 2021.