Cargojet Airways (W8, Hamilton, ON) and Air Canada Cargo have signed a Letter of Intent (LoI) to explore strategic opportunities in both cargo and airline operations within Canada and in international markets involving global sales and marketing, expanded interline opportunities and enhanced connectivity that would increase revenues and reduce operating costs. Both airlines would work towards providing optimized services to the shipping community on their respective networks. "We are looking forward to working with Air Canada (AC, Montréal Trudeau) towards improving the depth and reach of both companies’ air cargo services, both domestically and internationally, among other strategic opportunities," said Ajay Virmani, President and Chief Executive Officer of Cargojet. The implementation of any new strategic initiatives would be subject to Air Canada and Cargojet making any necessary filings, obtaining regulatory approvals and finalizing documentation. Cargojet operates ten B727-200(F)s, one B757-200(PF) and two B767-200(F) primarily throughout Canada but with international routes to Bermuda and the US.