Global Crossing Airlines Group Inc Stock Price, News & Analysis

Global Crossing Airlines Group, Inc. (JETMF) announced that its resale registration statement on Form S-1 was declared effective by the SEC on February 3, 2022. This registration allows the resale of shares from previous private placements, marking GlobalX's transition to a reporting issuer under the U.S. Securities Exchange Act. Chairman and CEO Ed Wegel emphasized the company’s commitment to transparency for shareholders. The release includes a cautionary note regarding forward-looking statements, highlighting risks such as financing, operational success, and regulatory approvals.

Global Crossing Airlines Group, Inc. (JETMF) has appointed Mr. Roberto Held as a strategic advisor to lead initiatives in the Andean Region, focusing on launching cargo operations. With over 23 years of experience in various industries, including six years in aviation as CFO at Avianca, Held aims to establish new cargo contracts and develop charter airlines in Ecuador and Colombia. The engagement is expected to bolster GlobalX's presence in charter operations across the Americas, enhancing its market positioning.

Global Crossing Airlines Group has appointed Doreen DePastino as Executive Vice President of Customer Service, overseeing Inflight Services and Ramp Operations. DePastino brings over 35 years of airline experience, having served in leadership roles at major airlines including Emirates and Hawaiian Airlines. The appointment aims to enhance customer service as GlobalX expands operations with six aircraft. DePastino will also lead the company's ground services subsidiary and focus on diversity initiatives within the organization.

Global Crossing Airlines Group (JETMF) reported a significant boost in operations for Q4 2021, achieving 1,400 block hours sold, a 280% increase from 378 hours in Q3. The company signed letters of intent for three Airbus aircraft, including two A321 freighters for delivery in 2023. GlobalX anticipates a 41% increase in capacity and expects to maintain a high sales rate of 85% of available capacity moving forward. The CEO expressed optimism regarding the company’s growth and advantageous lease agreements.

Global Crossing Airlines Group Inc. (JETMF) announced a Zoom webinar on January 10, 2022, at 2 PM EST to provide a business update. The airline, which operates Airbus A320 family aircraft, serves the US, Caribbean, and Latin American markets. In 2022, GlobalX will expand its operations to include ACMI cargo services with the A321 freighter. Interested parties can register for the webinar online to receive details.

For further inquiries, contact CFO Ryan Goepel.

Flügy, a subsidiary of Global Crossing Airlines Group (JETMF), is launching an innovative air travel service in partnership with Soho House. This service offers nonstop flights to hard-to-reach destinations, starting with Canouan in St. Vincent and the Grenadines. Flügy allows members to schedule their flights directly, providing a seamless travel experience. The first trip will occur from January 14-17, 2022, using a GlobalX Airbus A320. The partnership aims to enhance travel for Soho House members, bypassing the need for multiple connections and promoting exclusive travel experiences.

Global Crossing Airlines Group Inc. (JETMF) has filed a resale registration statement on Form S-1 with the SEC to register shares from previous private placements. This move, aimed at improving access to U.S. capital markets, includes Common Stock and Class B Non-Voting Common Stock from transactions that closed in June 2020, January 2021, and April 2021. The registration is pending effectiveness and may not be sold until approved. The statement emphasizes the company's operational strategies as a charter airline and acknowledges various risks involved in the airline industry.

Global Crossing Airlines Group Inc. (JETMF) will host a Zoom webinar on November 30, 2021, at 2:00 PM ET to discuss its Q3 results and future outlook. This session aims to provide insights into the company's operational performance and strategic direction. GlobalX operates as a charter and ACMI airline, servicing the US, Caribbean, and Latin American markets with Airbus A320 aircraft. Interested participants can register for the webinar via the provided link.

Global Crossing Airlines Group, Inc. (JETMF) has achieved significant milestones, including obtaining its US FAA Aircraft Operating Certificate and the Certificate of Public Convenience and Necessity for international operations. The company entered revenue service on August 7, 2021, reporting $3.1M in revenue and a net operating loss of $5.26M for Q3 2021. Operating two Airbus A320s and one A321, GlobalX anticipates a 270% increase in aircraft availability by year-end. The company aims to expand service to Caribbean and Latin American destinations while enhancing profitability.