ajay virmani cargojet net worth
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. 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”). Ajay Virmani is most popular for being the President and CEO of Cargojet. Mr. Virmani has more than 42 years’ involvement with the transportation business. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 15 cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe. Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Canada’s Cargojet closes $273mn offering to buy freighters 03.02.2021 - 04:12 UTC. The success of Cargojet and I think any business is a team with the right people in it and my strength has been to find the right people,” he says. Last updated: 1 March 2021 at 11:00am EST. In 1992, CTI acquired Fastair Cargo Systems Ltd. (“Fastair”) Mr. Virmani was President and Chief Executive Officer from 1990 to 2000. Ajay Virmani is 64, he's been the President, Chief Executive Officer, and Director of Cargojet since 2018. The company also operates scheduled international routes for various cargo customers between the United States and Bermuda; between Canada and Germany; and between Canada and Mexico. If you are on the ground during the winter, its not worth it Seen people fired for calling in 3 times in 3 months If you are less than 5 minutes late even if the plane didn't land, ... Glassdoor has 14 Cargojet reviews submitted anonymously by Cargojet employees. Mr. Virmani has over 42 years’ experience in the transportation industry. Accordingly, our analysis reveals that Cargojet Inc. pays Ajay Virmani north of the industry median. $300 Million. He is the Chief Executive and President of the airline. Drake Denies Ownership Of Missing $30K Rolex. Summary Canadian freight carrier Cargojet posted total revenues of C$ 162.3 million for the third quarter of 2020, increased from C$ 117.4 million in Q3 2019. Cargojet Inc. provides time sensitive overnight air cargo services in Canada. 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. According to our data, Cargojet Inc. has a market capitalization of CA$2.7b, and paid its CEO total annual compensation worth CA$9.7m over the year to December 2019. In 2002, Mr. Virmani acquired 100 % Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. There are 2 older and 1 younger executives at Cargojet. Mr. Virmani has more than 42 years’ involvement with the transportation business. Cargojet Inc. is headquartered in Mississauga, Canada.Cargojet Inc. operates as a subsidiary of Flagship International Marketing Limited. 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. Cargojet Airways (W8, Hamilton, ON) confirmed in a news release dated February 1 that it raised CAD350,156,500 Canadian dollars (USD273 million) through a share offering with the aim of funding an aggressive fleet expansion.. Ajay Virmani is President, Chief Executive Officer, Director of the Company. See the complete profile on LinkedIn and discover Ajay… Last updated: 1 February 2021 at 11:00am EST. Mr. Virmani earned a Masters of Business Administration from City University of New York in 1985 and was honoured with a Doctor of Laws degree by Assumption University Windsor Ontario. In addition, it offers specialty charter services for livestock shipments, military equipment movements, emergency relief supplies, and virtually large shipments across North America, Mexico, South America, the Caribbean, and Europe. Also seen in the clip, Ajay Virmani, president & CEO of Cargojet Airways, ... is worth between $80 million and $100 million. The company has gradually consolidated the domestic air cargo market to the point where it now has something approaching 90% market share. At the core of the business is the overnight air cargo network servicing 12 Canadian cities nightly. Ajay Virmani is President, Chief Executive Officer, Director of the Company. DHL Express has expanded its ACMI deal with lessor Cargojet through the addition of three permanent international routes. Further, the company is involved in the ground handling and ground service equipment business. View Ajay Virmani’s profile on LinkedIn, the world’s largest professional community. Cargojet Airways (W8, Hamilton, ON) confirmed in a news release dated February 1 that it raised CAD350,156,500 Canadian dollars (USD273 million) through a share offering with the aim of funding an aggressive fleet expansion. CTI/Fastair were acquired in January of 2000 by Eagle Global Logistics where Mr. Virmani continued to serve as President from 2000 to 2001. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 15 cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe. Mr. Virmani sits on the the company’s five-member board of directors, along with Postmedia CEO Paul Godfrey. Mississauga, ON, May 10, 2019 - Cargojet Inc. ("Cargojet" or the "Corporation") announce today their new partnership with multi award-winning artist, Drake.. Drake has been a longstanding supporter of Cargojet, being first introduced to the brand during the celebrations of its first B767-300F launch. In 2002, Mr. Virmani acquired 100 % Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. Mr. Virmani has more than 42 years’ involvement with the transportation business. There are no executives at Cargojet getting paid more. In 2005, Cargojet was converted to a public company. Ajay Virmani is President, Chief Executive Officer, Director of the Company. Kristy Lee Cook Bio, Age, Height, Net Worth, & Spouse, Nives Ivankovic Bio, Age, Height, Net Worth, & Spouse, Telenor 4G Device Monthly Internet Packages. In 2002, Mr. Virmani acquired 100 % Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. Pauline Dhillon - Executive Vice President. Ajay Virmani is a maker, known for Drinking water (2005), Bollywood/Hollywood (2002) and Breakaway (2011). Component: 2019: 2018: Proportion (2019) CTI/Fastair acquired Cottrell in 1995 and the air cargo division of TNT Worldwide in 1996. The name change to Cargojet came into effect on 22 February 2002. Cargojet recently won a contract with Canada Post and Purolator for overnight deliveries. However, there are several factors that affect a celebrity’s net worth, such as taxes, management fees, investment gains or losses, marriage, divorce, etc. 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.. See the complete profile on LinkedIn and discover Ajay… Ajay has 1 job listed on their profile. Renting it … We note that's an increase of 37% above last year. Ajay Virmani initially acquired 50% of Canada 3000 Cargo in July 2001 and bought the remaining half in February 2002. Ajay K Virmani is President/CEO at Cargojet Inc. See Ajay K Virmani's compensation, career history, education, & memberships. 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”). Cargojet executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. According to Money magazine, his net worth is approximately $100 million. Ajay K Virmani is President/CEO at Cargojet Inc. See Ajay K Virmani's compensation, career history, education, & memberships. 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. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 15 cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe. In 2005, Cargojet … Ajay Virmani is President, Chief Executive Officer, Director of the Company. Ajay Virmani net worth is $14 Million Ajay Virmani Wiki: Salary, Married, Wedding, Spouse, Family Ajay Virmani is a producer, known for Water (2005), Bollywood/Hollywood (2002) and … View this post on Instagram. Pauline Dhillon - Executive Vice President. The organization’s armada incorporates Boeing 767-300s and Boeing 757-200s just as Challenge 601s. Cargojet scrips have skyrocketed by 131.52 per cent this year. Save my name, email, and website in this browser for the next time I comment. Ajay Virmani is the CEO of Cargojet Inc. (), and in this article, we analyze the executive's compensation package with respect to the overall performance of the company.This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of … Related posts: Ajay Virmani Cargojet Net Worth Ajay Virmani Cargojet Net Worth $300 Million Ajay Virmani is President, Chief Executive Officer, Director of the Company. What’s more, Ajay Virmani holds CA$170m worth of shares in the company in their own name, indicating that they have a lot of skin in the game. The deal is expected to be worth about US$1 billion over seven years, based on current projections. Ajay Virmani Net Worth Ajay Virmani biography. 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. Ajay Virmani Cargojet Net Worth. Ajay Virmani Net Worth Ajay Virmani Net Worth is $800,000 Mini Biography. The oldest executive at Cargojet, Inc. is Paul Godfrey, 82, who is the Independent Director. His company continues to hit steady milestones. View our latest analysis for Cargojet . 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. Now a public company boasting the Canada Post contract worth $1.7 billion, Cargojet’s entrepreneurial story is impressive, as is its founder’s well-known philanthropy. We note that's an increase of 37% above last year. Cargojet Inc. () Q2 2020 Earnings Conference Call August 6, 2020 8:30 AM ET Company Participants. Cargojet Inc. provides time sensitive overnight air cargo services in Canada. As Chief Executive Officer of Cargojet, Ajay Virmani spearheaded the creation of the company in 2002, first purchasing fifty percent of its predecessor Canada 3000 Cargo in July of 2001. Ajay Virmani net worth is $14 Million Ajay Virmani Wiki: Salary, Married, Wedding, Spouse, Family Ajay Virmani is a producer, known for Water (2005), Bollywood/Hollywood (2002) and Breakaway (2011). As the Executive Vice President and Chief Commercial Officer of Cargojet, the total compensation of Jamie Porteous at Cargojet is CAD$1,429,210. Last updated: 1 March 2021 at 11:00am EST. Ajay Virmani is best known for being the President and CEO of … The oldest executive at Cargojet, Inc. is Paul Godfrey , 82, who is the Independent Director. View Ajay Virmani’s profile on LinkedIn, the world’s largest professional community. In July 2002 it acquired Winnport Logistics. Ajay Virmani acquired his lord’s degree from the City University of New York. Employees pack cargo and load planes; planes take off, land and the cargo is unloaded; and the cycle repeats. Ajay Virmani net worth: Ajay Virmani is a businessman who has a net worth of $300 million. Ajay Virmani. In 2002, Mr. Virmani procured 100 % Canada 3000 Cargo Inc. what’s more, rebranded the new organization as Cargojet Canada Ltd. In August 2001, Mr. Virmani, formed Canada 3000 Cargo Inc., a joint venture with Canada 3000 Airlines. CTI/Fastair obtained Cottrell in 1995 and the air load division of TNT Worldwide in 1996. 6 Ratings. Mr. Virmani has served as the President and Chief Executive Officer of Cargojet since its inception, and has been responsible for the general business direction of the Company. The Ajay Virmani net worth and salary figures above have been reported from a number of credible sources and websites. There are 1 executives at Cargojet getting paid more, with Ajay Virmani having the highest compensation of $9,732,930. Cargojet Inc. () Q3 2020 Earnings Conference Call November 3, 2020 8:30 AM ET Company Participants. As the Executive Vice President and Chief Commercial Officer of Cargojet, the total compensation of Jamie Porteous at Cargojet is CAD$1,429,210. Last updated: 1 July 2020 at 11:00am EST. (This is based on the year to December 2018). In 2002, Mr. Virmani acquired 100% Canada 3000 Cargo Inc. and rebranded the new company as Cargojet Canada Ltd. Mr. Virmani served as Senior Vice President of Cottrell Transport Inc. (“Cottrell”) from 1977 to 1990 when he left Cottrell to form Commercial Transport International (Canada) Ltd. (“CTI”). Accordingly, our analysis reveals that Cargojet Inc. pays Ajay Virmani north of the industry median. Ajay Virmani Net Worth Ajay Virmani biography. In 2005, Cargojet was changed over to a public organization. Mr. Virmani has over 42 years’ experience in the transportation industry. The organization is a planned freight carrier and is situated in Ontario, Canada. In 2005, Cargojet was converted to a public company. Ajay Virmani is 64, he's been the President, Chief Executive Officer, and Director of Cargojet since 2018. Now a public company boasting the Canada Post contract worth $1.7 billion, Cargojet’s entrepreneurial story is impressive, as is its founder’s well-known philanthropy. The deal is expected to be worth about US$1 billion over seven years, based on current projections. Price trends tend to persist, so it's worth looking at them when it comes to a share like Cargojet Inc. Over the past six months, the relative strength of its shares against the market has been -12.39%. How Does Ajay Virmani's Compensation Compare With Similar Sized Companies? There are 1 executives at Cargojet getting paid more, with Ajay Virmani having the highest compensation of $9,732,930. Mr. Mr. Virmani has more than 42 years’ involvement with the transportation business. Which later obtained Cottrell and was procured by Eagle Global Logistics. Cargojet Announces Partnership With Drake. As the Executive Vice President und Chief Commercial Officer of Cargojet, the total compensation of Jamie Porteous at Cargojet is CAD$1,429,210. Mr. Virmani has served as the President and Chief Executive Officer of Cargojet since its inception, and has been responsible for the general business direction of the Company. Ajay Virmani’s total assets: Ajay Virmani is a money manager who has total assets of $300 million. How Does Ajay Virmani's Compensation Compare With Similar Sized Companies? Ajay has 1 job listed on their profile. Beginning early February, the Canadian operator said that on Fridays and Sundays it will offer a service from Hamilton to Bogota and Lima, via Atlanta. In 2005, Cargojet was converted to a public company. back to 2019 Press Releases. What’s more, Ajay Virmani holds CA$170m worth of shares in the company in their own name, indicating that they have a lot of skin in the game. 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. In 2014, Cargojet was awarded the Canada Post Group of Companies contract, worth $1.7 billion. Cargojet will begin running its own freighter services between Canada and South America and a second frequency to Europe. Last updated: 1 August 2020 at 11:00am EST. As the President, Chief Executive Officer, and Director of Cargojet, the total compensation of Ajay Virmani at Cargojet is CAD$9,732,930. There are 1 executives at Cargojet getting paid more, with Ajay Virmani having the highest compensation of $9,732,930. Ajay Virmani Cargojet Net Worth Ajay Virmani Cargojet Net Worth $300 Million Ajay Virmani is President, Chief Executive Officer, Director of the Company. Ajay Virmani Net Worth Ajay Virmani is President, Chief Executive Officer, Director of the Company. Cargojet was founded in 2002 by CEO Ajay Virmani. At the current price of C$166.82, shares in Cargojet Inc are trading at -9.58% against their 200 day moving (This is based on the year to December 2018). Last updated: 1 January 2021 at 11:00am EST. After the demise of Canada 3000 Airlines, Virmani launched Cargojet from its ashes in 2002. Virmani sits on the the company’s five-member board of directors, along with Postmedia CEO Paul Godfrey. After the demise of Canada 3000 Airlines, Virmani launched Cargojet from its ashes in 2002. MISSISSAUGA, ON, Oct. 1, 2020 /CNW/ - Cargojet President and Chief Executive Officer Ajay K. Virmani has been recognized as Strategist of the Year, as well being named one of Canada's top leaders of 2020 representing the best corporate leadership, innovation, vision and responsibility by the Globe and Mail's Report on Business. By 1999, CTI and Fastair had grown to one of the largest freight forwarders in Canada, with both companies employing over 400 team members, combined revenues of approximately $100 million. There are 2 older and 1 younger executives at Cargojet. Virmani was the Senior Vice President of Cottrell Transport Inc. from 1977 to 1990 preceding shaping Commercial Transport International Ltd. That organization quired Faster Cargo Systems Ltd. As of February 20, 2020, it operated a fleet of 26 aircraft. In August 2001, Mr. Virmani, shaped Canada 3000 Cargo Inc., a joint endeavor with Canada 3000 Airlines. Ajay Virmani is a businessman who has a net worth of $300 million. Ajay Virmani Net Worth 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. He said: “Cargojet is extremely pleased to have been successfully chosen as the exclusive primary domestic air cargo service provider to the Canada Post Group of Companies. Ajay Virmani Net Worth 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. Aircraft charter company executive Ryan Troxell estimated that the plane, a Boeing 767 cargo jet with new custom features, is worth between $80 million and $100 million. Drake thanks him for making Air Drake possible, ... Drake Net Worth. Joking around with Drake, the famous Canadian musician, is but one of the perks Virmani, 64, presently enjoys as founder and chief executive officer of Cargojet Inc., the multi-billion-dollar overnight air freight company he built — you guessed it — from the bottom up. Ajay Virmani Net Worth Also seen in the video is one Ajay Virmani, who is the CEO of Cargojet. Ajay Virmani is President, Chief Executive Officer, Director of the Company. If you're looking for Ajay Virmani's net worth in 2021, then check out how much money Ajay Virmani makes and is worth today below. Shares in Cargojet Inc. shot higher after the company announced a new deal with Amazon.com that could see the online retailer acquire a stake in … In 1992, CTI obtained Fastair Cargo Systems Ltd. (“Fastair”) Mr. Virmani was President and Chief Executive Officer from 1990 to 2000. Ajay Virmani, president and CEO of Cargojet, said his company would provide a “world class” flexible air cargo service for Canada Post in a changing business environment. Ajay Virmani is best known for being the President and CEO of Cargojet. By collecting data from the most accurate and reputable resources, we've compiled a collection of the richest celebrities and their net worths. 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. A Cargojet plane lands at the Calgary International Airport in March 2020. With Cargojet rapidly expanding its business, Virmani says he wants to make sure that the company stays true to its founding principles.