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Global Crossing Airlines Group Inc
Symbol JET
Shares Issued 41,162,429
Close 2024-04-02 C$ 0.71
Market Cap C$ 29,225,325
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Global Crossing receives OK for increased fleet

2024-04-03 11:14 ET - News Release

Mr. Ryan Goepel reports

GLOBAL CROSSING AIRLINES, AMERICA'S FASTEST GROWING CHARTER AIRLINE, RECEIVES INCREASED AUTHORIZATION FOR UP TO 20 AIRCRAFT BY US DOT

Global Crossing Airlines Group Inc. (GlobalX) has been approved by the U.S. Department of Transportation for an increase to 20 aircraft from its current authorization of 16 aircraft.

The increased fleet authorization allows GlobalX to add two Airbus A320 and two Airbus A321 passenger aircraft to its fleet by the summer of 2024, subject to FAA (Federal Aviation Administration) approvals. The additional aircraft will strengthen GlobalX's refocused strategy to expand its ACMI (aircraft, crew, maintenance and insurance) passenger charter business.

"This increased authorization is a key step in our path to sustained profitability and achieving our goal to become America's largest charter airline, setting the industry high mark for on-time performance and reliability," said Chris Jamroz, executive chairman of GlobalX.

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 U.S., Caribbean, European and Latin American markets. GlobalX is also now operating ACMI cargo service flying the A321 freighter.

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