Canadian all-cargo airline Cargojet is to dry-lease an additional two Boeing 767-200 Freighters for up to three years from Cargo Aircraft Management (CAM).

The first aircraft is expected to be delivered by the end of the second quarter, with the second aircraft delivering early in the third quarter. Cargojet already dry-leases two 767-200F from Air Transport Services Group’s (ATSG) subsidiary CAM.”Cargojet is currently in the process of a fleet renewal plan. Leasing these two additional 767-200 freighters is part of our current growth strategy to continue to meet our customer’s requirements and needs,” says Cargojet’s president and chief executive officer, Ajay Virmani. “The 767-200 freighters were introduced to our fleet in 2008. These aircraft have provided our network with efficiency and reliability, allowing Cargojet to be the most dependable air cargo service provider in Canada.”With this deal, CAM says it will have more than half of its 767 freighters operating under long-term dry leases with external customers by the end of the third quarter this year. The remainder of its 767F are expected to be leased by ATSG subsidiary airlines. The deal with Cargojet was announced along with ATSG’s first quarter revenue results which were no worse than in 2013.