Virmani sits on the the company’s five-member board of directors, along with Postmedia CEO Paul Godfrey. Ajay Virmani Cargojet Net Worth Ajay Virmani Cargojet Net Worth $300 Million Ajay Virmani is President, Chief Executive Officer, Director of the Company. Ajay has 1 job listed on their profile. Mr. Virmani has over 42 years’ experience in the transportation industry. The agreement has a four-year term with three successive two-year renewal options. Ajay Virmani net worth: Ajay Virmani is a businessman who has a net worth of $300 million. Ajay Virmani is finest Presently, he is President & Chief Executive Officer & Director at Cargojet, Inc. and President & Chief Executive Officer at Cargojet GP, Inc. (a subsidiary of Cargojet… He acquired half of Canada 3000 Cargo in 2002 and 2001 and purchased the other half in 2002 before changing the company's name that year. The oldest executive at Cargojet, Inc. is Paul Godfrey , 82, who is the Independent Director. CTI/Fastair obtained Cottrell in 1995 and the air load division of TNT Worldwide in 1996. Mr. Virmani has filled in as the President and Chief Executive Officer of Cargojet since its origin and has been answerable for the overall business course of the Company. Ajay Virmani initially acquired 50% of Canada 3000 Cargo in July 2001 and bought the remaining half in February 2002. Last updated: 1 March 2021 at 11:00am EST. He obtained half of Canada 3000 Cargo in 2002 and 2001 and bought the other half in 2002 preceding changing the organization’s name that year. The company has gradually consolidated the domestic air cargo market to the point where it now has something approaching 90% market share. View our latest analysis for Cargojet . According to our data, Cargojet Inc. has a market capitalization of CA$1.0b, and pays its CEO total annual compensation worth CA$9.4m. Cargojet operates cargo services in Canada as well as internationally and also operates full aircraft charters, with its main base at the John C. Munro Hamilton International Airport. The Ajay Virmani net worth and salary figures above have been reported from a number of credible sources and websites. Pauline Dhillon - Executive Vice President. Ajay K. Virmani is a businessperson who founded Cargojet, Inc. and Canada 3000 Cargo, Inc. and who has been at the helm of 6 different companies. Last updated: 1 August 2020 at 11:00am EST. How Does Ajay Virmani's Compensation Compare With Similar Sized Companies? Ajay Virmani is President, Chief Executive Officer, Director of the Company. Our data indicates that Cargojet Inc. is worth CA$2.0b, and total annual CEO compensation was reported as CA$9.7m for the year to December 2019. Employees pack cargo and load planes; planes take off, land and the cargo is unloaded; and the cycle repeats. Cargojet works freight administrations in Canada just as globally and furthermore works full airplane sanctions, with its principal base at the John C. Munro Hamilton International Airport. Sporting chunky white trainers and carrying a bottle of water Drake made his way onto the luxurious aircraft which he acquired in 2019 – gifted to him by CargoJet’s President and CEO Ajay Virmani. (This is based on the year to December 2018). It was formerly Canada 3000 Cargo. Which later acquired Cottrell and was acquired by Eagle Global Logistics. Ajay Virmani is best known for being the President and CEO of Cargojet. Jamie Porteous is the Executive Vice President, Chief Commercial Officer at Cargojet. Sporting chunky white trainers and carrying a bottle of water Drake made his way onto the luxurious aircraft which he acquired in 2019 – gifted to him by CargoJet’s President and CEO Ajay Virmani. Mr. Virmani filled in as Senior Vice President of Cottrell Transport Inc. (“Cottrell”) from 1977 to 1990 when he left Cottrell to frame Commercial Transport International (Canada) Ltd. (“CTI”). Presently, he is President & Chief Executive Officer & Director at Cargojet, Inc. and President & Chief Executive Officer at Cargojet GP, Inc. (a subsidiary of Cargojet… How Does Ajay Virmani's Compensation Compare With Similar Sized Companies? Therefore, the above worth, income or earnings statistics may not be 100% accurate. He acquired half of Canada 3000 Cargo in 2002 and 2001 and purchased the other half in 2002 before changing the company's name that year. There are 1 executives at Cargojet getting paid more, with Ajay Virmani having the highest compensation of $9,732,930. Ajay Virmani Net Worth At the core of the business is the overnight air cargo network servicing 12 Canadian cities nightly. DHL Express has expanded its ACMI deal with lessor Cargojet through the addition of three permanent international routes. Der Kauf wurde im Juli 2001 vollzogen. MISSISSAUGA, ON, Nov. 30, 2020 /CNW/ – Cargojet (“Cargojet” or the “Corporation”) (TSX: CJT) said today that during the permitted open period, Dr. Ajay Virmani, President and Chief Executive Officer, sold 445,000 common voting shares held through The Virmani Family Trust. The company's fleet includes Boeing 767-300s and Boeing 757-200s as well as Challenge 601s. The name change to Cargojet came into effect on 22 February 2002. Mr. Virmani has over 42 years’ experience in the transportation industry. Renting it bears a mile … This move would send him down a path of greater heights than the young Indian-born immigrant could ever have imagined. Ajay Virmani Net Worth Ajay Virmani biography. There are 2 older and 1 younger executives at Cargojet. Ajay Virmani is a businessman who has a net worth of $300 million. Ajay Virmani is a businessman who has a net worth of $300 million. In May 2019, Cargojet announced a partnership with Canadian rapper Drake, naming him an ambassador t… The new routes are operated by three dedicated B767-300F Cargojet freighter aircraft between Hamilton, Canada; DHL Express hub in Cincinnati, Ohio; and continuing to Monterrey, Mexico; and the UK.. CTI/Fastair were procured in January of 2000 by Eagle Global Logistics where Mr. Virmani kept on filling in as President from 2000 to 2001. Notably, that's an increase of 25% over the year before. Geschichte. Last updated: 1 February 2021 at 11:00am EST. Virmani sits on the the company’s five-member board of directors, along with Postmedia CEO Paul Godfrey. Ajay Virmani is President, Chief Executive Officer, Director of the Company. Cargojet CEO Ajay Virmani In short, it has been a dizzying time in the air cargo business, a line of work, Virmani said, that typically trundles along in wholly unglamorous fashion. The stunning aircraft is reportedly a 767-300F Boeing plane mode which is estimated to cost around £200 million (£145,761,971). In August 2001, Mr. Virmani, shaped Canada 3000 Cargo Inc., a joint endeavor with Canada 3000 Airlines. Ajay Virmani net worth: Ajay Virmani is a businessman who has a net worth of $300 million. Ajay Virmani acquired his lord’s degree from the City University of New York. View Ajay Virmani’s profile on LinkedIn, the world’s largest professional community. Cargojet Inc. () Q2 2020 Earnings Conference Call August 6, 2020 8:30 AM ET Company Participants. We note that's an increase of 37% above last year. Cargojet was founded in 2002 by CEO Ajay Virmani. Cottrell B. Guidry Bio, Age, Height, Net Worth, & Spouse, Bert Williams (footballer, born 1920) Net Worth, Telenor 4G Device Monthly Internet Packages. Wallmine is a radically better financial terminal. After the demise of Canada 3000 Airlines, Virmani launched Cargojet from its ashes in 2002. Cargojet Inc. () Q3 2020 Earnings Conference Call November 3, 2020 8:30 AM ET Company Participants. One of Ajay Virmani’s first jobs in Canada was washing windows. There are 1 executives at Cargojet getting paid more, with Ajay Virmani having the highest compensation of $9,732,930. This last move set him on his path to entrepreneurial success in the transport industry. View our latest analysis for Cargojet . “The Boeing 767 aircraft allows us to meet the capacity demands of our customers, while maintaining excellent reliability on the service front.” The company is a scheduled cargo airline and is based in Ontario, Canada. In July 2002 it acquired Winnport Logistics. Mr. Virmani procured a Masters of Business Administration from the City University of New York in 1985 and was regarded with a Doctor of Laws degree by Assumption University Windsor Ontario. Mr. Mr. Virmani has more than 42 years’ involvement with the transportation business. Drake thanks him for making Air Drake possible, and sure enough a partnership between Drake and Cargojet … By 1999, CTI and Fastair had developed into one of the biggest cargo forwarders in Canada, with the two organizations utilizing more than 400 colleagues, consolidated incomes of around $100 million. He then sold a little life insurance before landing a customer service job at Cottrell Transport in 1979. When Mr. Virmani first arrived in Canada from New Delhi, India, he first job was working as a window washer, then a brief stint in life insurance sales, before switching gears to work in transport. In 2002, Mr. Virmani acquired 100 % Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. In 2014, Cargojet was awarded the Canada Post Group of Companies contract, worth $1.7 billion. And websites have been reported from a number of credible sources and websites cargo to! 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