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Global Crossing Airlines Group Inc
Symbol JET
Shares Issued 30,852,564
Close 2022-06-15 C$ 0.77
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Global Crossing Airlines receives A320 aircraft

2022-06-16 12:58 ET - News Release

Mr. Ed Wegel reports

GLOBAL CROSSING AIRLINES TAKES DELIVERY OF SEVENTH A320 FAMILY PASSENGER AIRCRAFT

Global Crossing Airlines Group Inc. has received the delivery of its seventh A320 family aircraft, joining the existing fleet of six A320s and one A321.

"Our next growth phase begins with this A320 aircraft. It is expected to be in revenue charter service in the next few days. This aircraft enables us to execute on our European summer contract that will generate approximately 1,600 ACMI [aircraft, crew, maintenance, insurance] revenue hours for July and August across two aircraft. We are planning, subject to DOT and FAA approvals, to add three more A320 passenger aircraft this year, along with two A321 freighters," said Ed Wegel, chair and chief executive officer of Global Crossing.

About Global Crossing Airlines Group Inc.

Global Crossing is a U.S. 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. Global Crossing flies as a passenger ACMI and charter airline serving the United States, Caribbean and Latin American markets. In 2022, Global Crossing will enter ACMI cargo service flying the A321 freighter, subject to Department of Transportation and Federal Aviation Administration approvals.

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