CALGARY - WestJet Airlines Ltd. (TSX:WJA) has signed an agreement for Exp-Air Cargo to handle the sales and marketing aspects of the Calgary-based airline's cargo business, the companies announced Monday.
"With their vast experience in the cargo industry, their global reach and their relationships with international carriers, Exp-Air fits extremely well into WestJet's growth strategies," said WestJet vice-president of sales, Duncan Bureau.
The agreement will have the Quebec-based company act as WestJet's booking agent and the marketer of its cargo services, covering flights throughout Canada, the United States, Mexico and the Caribbean.
"We envision a long and mutually beneficial partnership that will improve and develop WestJet's cargo services to the highest level in Canada and around the world," said Exp-Air president Daniel Ouellette.
WestJet spokesman Robert Palmer declined to provide specifics on the duration of the contract, which he called a "multi-year deal."
He said the companies will divvy up income through a revenue-sharing agreement.
WestJet shares fell 14 cents to $13.11 in late afternoon trading Monday on the Toronto Stock Exchange.