Welcome to our dedicated page for Global Crossing Airlines Group news (Ticker: JETMF), a resource for investors and traders seeking the latest updates and insights on Global Crossing Airlines Group stock.
Global Crossing Airlines Group Inc. reports developments for GlobalX, a U.S. 121 domestic flag and supplemental airline operating Airbus A320-family aircraft. The company provides domestic and international ACMI and charter flights for passenger and cargo customers across the United States, Caribbean, Europe and Latin America, and reports IOSA certification and traffic rights for Europe, the UK and Australia.
Recurring updates focus on financial results, block hours, aircraft utilization, revenue mix between ACMI and charter activity, and fleet additions involving Airbus A319 and A320 aircraft. Company news also covers operating economics, investor presentations, shareholder ownership activity, annual meeting results, director elections and equity compensation plan approvals.
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.
Global Crossing Airlines Group (TSXV: JET) has announced the launch of its passenger revenue operations as of August 7, 2021, marking its entry as the newest US airline. The company operates Airbus A320 charter flights to destinations in the U.S., Canada, the Caribbean, and Latin America from Miami and Atlantic City. With strong demand for charter services, GlobalX is expanding its offerings, including long-term charter programs and partnerships with Canada Jetlines for cross-border charters.
Global Crossing Airlines Inc. (OTC PINK: JETMF) announced that CFO Ryan Goepel will present at the LD 500 virtual investor conference on September 4, 2020, at 9:20 AM EDT. The airline, currently in phase 2 FAA certification, plans to operate Airbus A320 aircraft for charter and ACMI services in the US, Caribbean, and Latin America. With changes in airline capacity due to COVID-19, GlobalX aims to provide point-to-point options and cater to leisure charters, college sports teams, and government operations.