Business NewsCargojet pilots notch 46 per cent wage hike, as company stresses productivity gainsPilots notch 46% wage hikePhoto: The Canadian Press A Cargojet plane sits on the tarmac at the John C. Munro Hamilton International Airport in Hamilton, Ont., Friday, Feb. 23, 2024. THE CANADIAN PRESS/Nick IwanyshynCargojet Inc. executives say a new contract gives its pilots a 46 per cent wage boost over five years. The Mississauga, Ont.-based air freight company says the collective agreement handed down by an arbitrator late last month brings its roughly 470 aviators up to industry standards. On a conference call with analysts Tuesday, chief financial officer Aaron McKay said the deal includes a 26 per cent pay hike in the first year and five per cent annually over the next four years. He says the agreement, retroactive to July 1, significantly raises flight crew costs but also includes productivity provisions such as moving to a baseline of 16 working days per month, up from 15 before.