Mr. Ed Wegel reports

GLOBAL CROSSING AIRLINES ANNOUNCES AGREEMENT TO FINANCE CONSTRUCTION OF ITS NEW MAINTENANCE FACILITY

Global Crossing Airlines Group Inc. (GlobalX) has reached an agreement with Sheltair Aviation for the financing and construction of a new aircraft maintenance facility at the Fort Lauderdale-Hollywood International Airport (KFLL). GlobalX expects to break ground on this new facility in Q4 2023 and occupy the facility in Q2 2025, and for the facility to cost approximately $25-million to construct.

"We are pleased that we are partnering with Sheltair to build our maintenance home base facility. This state-of-the-art facility will cover approximately 69,650 square feet of hangar, office and shop space, providing the capability to hold three A320 family aircraft or one A330-sized aircraft. This facility is vital to our growth and allows us to perform maintenance up to C checks on our growing Airbus fleet. Sheltair has extensive experience in the design, financing and construction of hangar facilities and continually adds new facilities to their portfolio acting as construction program manager and working with world-class design and construction team to develop large aircraft hangar facilities. We welcome their proven track record and expertise to finish the design and buildout of this incredible new facility," said Ed Wegel, chair and chief executive officer of GlobalX.

"Sheltair is honoured and excited for our new partnership and opportunity to design, build, finance and leaseback a new MRO hangar facility for GlobalX at the Fort Lauderdale-Hollywood International Airport (KFLL). This large-scale hangar project will also complement Sheltair's existing award-winning FBO and hangar complex. Sheltair looks forward to completing this planned premium facility for GlobalX to enable them to have a state-of-the-art MRO facility at KFLL and support the rapid growth of their fleet," said Todd Anderson, Sheltair's chief operating officer.

About Global Crossing Airlines Group Inc.

GlobalX is a U.S. 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the United States, Caribbean, European and Latin American markets. GlobalX is also now operating ACMI cargo service flying the A321 freighter.

About Sheltair Aviation

Sheltair Aviation, now in its 60th year, is a leading developer and operator of premium aviation facilities. Founded by Jerry Holland in 1963 and now led by his daughter, Sheltair president and CEO, Lisa Holland, the company's holdings at 21 locations in Florida, Georgia, Texas and Colorado include more than 4.75 million square feet of specialized aviation facilities, including 548,135 square feet already in operation at Fort Lauderdale International Airport. In addition, Sheltair currently has 146,730 square feet of facilities in development at three locations, all expected to open between 2023 and 2025, including the Fort Lauderdale facility, which will primarily house the GlobalX maintenance base.

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