Global Crossing Airlines Group Inc Stock Price, News & Analysis

Global Crossing Airlines Group, Inc. (JETMF) has received allocation from the U.S. Department of Transportation for 508 round-trip charter flights in partnership with Havana Air, to commence by early November 2021, pending Cuban governmental approval. This collaboration supports GlobalX's strategy as a charter airline, leveraging its modern A320 and A321 aircraft for effective market service. Havana Air, with over 12 years of experience in Cuba travel, enhances service reliability and operational capacity.

Global Crossing Airlines Group, Inc. (JETMF) has signed a definitive agreement with ST Engineering Aerospace Resources to lease an Airbus A321 P2F freighter. This marks the first of up to five A321 freighters that will be leased from STE Aerospace Resources. The aircraft's conversion will occur at ST Engineering's San Antonio facility, starting in February 2022, with an expected entry into revenue service by October 2022. The A321 P2F is recognized as a significant advancement in the narrowbody freighter market.

Global Crossing Airlines Group (JETMF) announced a long-term lease agreement for four Airbus A321 Passenger-to-Freighter aircraft from Greenwich Highland Aviation. The first aircraft will begin conversion in January 2022 and is expected to enter service in July 2022. The second aircraft is slated for conversion in June 2022, with deployment in December 2022. CEO Ed Wegel expressed optimism about expanding the deal, while GHA's Stuart Peebles praised GlobalX's business plan execution. The partnership signifies a strategic move to enhance GlobalX's charter airline operations.

Global Crossing Airlines Group, Inc. (JETMF) announced the signing of letters of intent to acquire three Airbus A320 aircraft from two major lessors. The aircraft, previously operated by Virgin America/Alaska Airlines, are equipped with the latest technology WiFi. Following the execution of definitive lease agreements, the aircraft delivery will occur within the next 90 days. This acquisition marks a significant growth phase for GlobalX, improving service capabilities for its US market operations.

Global Crossing Airlines Group Inc. (JETMF) has partnered with Honor Flight South Florida to resume operations for honoring veterans. The first Honor Flight took off on September 12, 2021, carrying 71 veterans to Washington, D.C., providing complimentary travel and amenities. GlobalX made a one-time donation of $5,000 to support this initiative. The collaboration aims to offer veterans a memorable experience visiting memorials dedicated to their service and sacrifices, reinforcing the company's commitment to honoring their legacy.

Global Crossing Airlines Group Inc. (JETMF) will participate in Cowen’s 14th Annual Global Transportation and Sustainable Mobility Conference. The event is scheduled for September 10th, 2021, at 10:40 AM EDT, with CEO Ed Wegel discussing the airline's strategies with Cowen Managing Director Helane Becker. The session will be webcast live, providing an opportunity for stakeholders to gain insights into GlobalX’s operations as an ACMI and wet lease charter airline.

Global Crossing Airlines Group Inc. (JETMF) announced the receipt of its Certificate of Public Convenience and Necessity for Foreign Charter Air Transportation as of August 27, 2021. This approval from the US DOT allows GlobalX to operate internationally, expanding its reach beyond domestic flights. The company plans to initiate services to the Caribbean, Mexico, Latin America, and Canada. CEO Ed Wegel expressed optimism about executing contracts in these regions, marking a significant milestone in GlobalX's operational capabilities.

Global Crossing Airlines Group Inc. (JETMF) will host a Zoom webinar on September 1, 2021, at 02:00 PM ET, providing a corporate update. The airline operates with Airbus A320 family aircraft and is expanding its fleet, with plans to add A321 jets, pending regulatory approvals. The company reported that it has one A320 in revenue operations and is set to deliver two more aircraft in late 2021. As a charter airline, GlobalX serves various markets including the US, Caribbean, and Latin America.

Global Crossing Airlines Group Inc. (JETMF) has appointed Independent Trading Group Inc. (ITG) for market-making services on the TSX Venture Exchange (TSXV). This engagement aims to enhance share liquidity and maintain an orderly market. ITG will receive a monthly fee of $10,000 for a minimum three-month term, extending monthly thereafter. GlobalX operates as a charter airline with one A320 in service and plans further aircraft deliveries. The press release includes caution regarding forward-looking statements related to the airline's operations and market conditions.