Markets
6.7
Cargojet-backed 21 Air replaces CEO with ex-Cargojet executive
U.S. cargo airline 21 Air, in which Canadian firm Cargojet holds a minority stake, has replaced CEO Tim Strauss with a former Cargojet executive. The transition occurs within regulatory constraints requiring U.S. citizen leadership. The move suggests closer operational alignment between the Canadian parent investor and its U.S. subsidiary serving Amazon logistics.