Galloway Capital (JETBF) reports 6.24% holding in Global Crossing Airlines

Rhea-AI Filing Summary

Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway have disclosed a significant ownership position in Global Crossing Airlines Group Inc. common stock. As of December 9, 2025, they beneficially owned 4,082,000 shares, representing about 6.24% of the company’s outstanding common shares, based on 65,387,229 shares outstanding as of November 5, 2025.

The group acquired its position through open market purchases from August 2024 through December 2025 at an aggregate purchase price of approximately $0.69 per share, using investment capital from the reporting entities and Bruce Galloway. They state the investment is for investment purposes, but also indicate they may buy more or sell shares and intend to engage the board and management on performance, operations, governance, capital allocation and strategy, believing the company’s share price is undervalued and trading at a significant discount.

Insights

Activist investing and governance analyst

Galloway reports a 6.24% stake and signals active engagement intentions.

Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway report beneficial ownership of 4,082,000 Global Crossing Airlines common shares, equal to 6.24% of the class as of December 9, 2025, calculated against 65,387,229 shares outstanding as of November 5, 2025. The position was built via open market purchases between August 2024 and December 2025 at an aggregate purchase price of about $0.69 per share.

The reporting persons describe the position as being for investment purposes, yet also outline a broad range of potential actions. They explicitly say they may buy additional securities or sell part or all of their holdings, using methods such as open market trades, block trades, underwritten offerings or privately negotiated transactions, depending on factors like the issuer’s business, financial condition, share price, and market conditions.

The group states that it may consider plans or proposals relating to performance, operations, management, governance (including potential board changes), conflicted party transactions, capital allocation policies, and overall strategy. They also intend to engage the board and management and express the view that the company’s share price is undervalued and trading at a significant discount. This language indicates a potentially more active shareholder posture, though any specific changes or outcomes would depend on future interactions and decisions that are not detailed here.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Global Crossing Airlines Group Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

37960G401

(CUSIP Number)

Galloway Capital Partners, LLC
650 NE 2nd Avenue, 3007,
Miami, FL, 33132
(917) 405-4591

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/09/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 37960G401

1

Name of reporting person

Galloway Capital Partners, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,082,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,082,000.00

11

Aggregate amount beneficially owned by each reporting person

4,082,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.24 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) The securities are held and managed by Galloway Capital Partners, LLC ("GCP"). Bruce Galloway is the managing member of GCP. Mr. Galloway has sole voting and dispositive control of GCP. Mr. Galloway may be deemed to have beneficial ownership of the common stock held directly by GCP. (2) This percentage is calculated based upon 65,387,229 shares of Common Stock outstanding as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 6, 2025.

SCHEDULE 13D

CUSIP No. 37960G401

1

Name of reporting person

Galloway Capital, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,082,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,082,000.00

11

Aggregate amount beneficially owned by each reporting person

4,082,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.24 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) The securities are held and managed by Galloway Capital Partners, LLC ("GCP"). Bruce Galloway is the managing member of GCP. Mr. Galloway has sole voting and dispositive control of GCP. Mr. Galloway may be deemed to have beneficial ownership of the common stock held directly by GCP. (2) This percentage is calculated based upon 65,387,229 shares of Common Stock outstanding as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 6, 2025.

SCHEDULE 13D

CUSIP No. 37960G401

1

Name of reporting person

GALLOWAY BRUCE

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,082,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,082,000.00

11

Aggregate amount beneficially owned by each reporting person

4,082,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.24 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) The securities are held and managed by Galloway Capital Partners, LLC ("GCP"). Bruce Galloway is the managing member of GCP. Mr. Galloway has sole voting and dispositive control of GCP. Mr. Galloway may be deemed to have beneficial ownership of the common stock held directly by GCP. (2) This percentage is calculated based upon 65,387,229 shares of Common Stock outstanding as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 6, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value per share
(b)	Name of Issuer: Global Crossing Airlines Group Inc.
(c)	Address of Issuer's Principal Executive Offices: 4200 NW 36th Street, Building 5A, Miami Interactional Airport, 4th Floor, Miami, FLORIDA , 33166.
Item 1 Comment: This Schedule 13D relates to the common stock, par value $0.001 per share ("Common Stock"), of Global Crossing Airlines Group, Inc., a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 4200 NW 36th Street, Building 5A, Miami Interactional Airport, 4th Floor, Miami, FL 33166. Information given in response to each item below shall be deemed incorporated by reference in all other items below. As of December 9, 2025, the Reporting Persons (defined below) beneficially owned an aggregate of 4,082,000 shares of Common Stock, representing approximately 6.24% of the outstanding shares of Common Stock.
Item 2.	Identity and Background
(a)	(i) Galloway Capital Partners, LLC (ii) Galloway Capital, LP (iii) Bruce Galloway
(b)	Galloway Capital Partners, LLC is a Delaware limited liability company. Galloway Capital, LP is a Delaware limited partnership, and Bruce Galloway is a resident of Florida. Galloway Capital Partners, LLC is the investment manager of Galloway Capital, LP. Bruce Galloway is the managing member of Galloway Capital Partners, LLC.
(c)	The address of the principal business office of each Reporting Person is 650 NE 2nd Avenue, 3007, Miami, FL 33132.
(d)	During the last five years, neither Reporting Person nor any executive officer or director of Galloway Capital Partners, LLC has (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	During the last five years, neither Reporting Person nor any executive officer or director of Galloway Capital Partners, LLC has (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	FL
Item 3.	Source and Amount of Funds or Other Consideration
	Galloway Capital Partners, LLC has acquired 4,082,000 shares of Common Stock and 6.24% in open market purchases from August 2024 through December 2025. The aggregate purchase price for the shares of Common Stock is approximately $.69 per share. The shares of Common Stock were purchased with investment capital of Galloway Capital Partners, LLC, Galloway Capital, LP and Mr. Galloway. The Reporting Persons have effectuated transactions to acquire shares of Common Stock within the past 60 days, as reflected in Schedule 1 to this Report. Other than as set forth in this Report, none of the Reporting Persons has effected any transactions in the shares of Common Stock within the past 60 days.
Item 4.	Purpose of Transaction
	Each Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intend to review its investment in the Issuer on a continuing basis. Each Reporting Person may from time to time acquire additional securities of the Issuer or retain or sell all or a portion of the shares then held by such Reporting Person, in the open market, block trades, underwritten public offerings or privately negotiated transactions. Any actions any Reporting Person might undertake with respect to its investment in the Issuer may be made at any time and from time to time and will be dependent upon such Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strategic alternatives; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; tax considerations; liquidity of the Issuer's securities; and other factors and future developments. Each Reporting Person may consider, explore and/or develop plans and/or make proposals (whether preliminary or final) with respect to, among other things, the Issuer's performance, operations, management, governance (including potential changes to the Board), conflicted party transactions, capital allocation policies, and strategy and plans of the Issuer. Each Reporting Person intends to engage the Board and management with respect to the matters referred to in the preceding sentence. In addition, each Reporting Person may, at any time and from time to time, (i) review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect thereto and (ii) propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Persons sent the attached letter to management of the Company. The Reporting Persons believe the Company's share price is undervalued and trading at a significant discount and management should take steps to
Item 5.	Interest in Securities of the Issuer
(a)	See Items 11 and 13 on the cover pages to this Schedule 13D for the aggregate number and percentage of the class of securities identified pursuant to Item 1 owned by the Reporting Person.
(b)	Number of shares as to which the Reporting Persons have: i. Sole power to vote or to direct the vote: See Item 7 on cover pages to this Statement. ii. Shared power to vote or to direct the vote: See Item 8 on cover pages to this Statement. iii. Sole power to dispose or direct the disposition: See Item 9 on cover pages to this Statement. iv. Shared power to dispose or direct the disposition: See Item 10 on cover pages to this Statement.
(c)	Other than as set forth in response to Item 3 above, no other transactions in the Issuer's Common Stock by the Reporting Persons were effected in the past 60 days.
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Except for the relationships described above and in the responses to Items 4 and 5 herein, none of the Reporting Persons, nor, to the best of their knowledge, any persons identified in Item 2 hereof has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person, with respect to any securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Ex 99.1 - Cover Letter Ex 99.2 - Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Galloway Capital Partners, LLC

Signature:	/s/ Bruce Galloway
Name/Title:	Bruce Galloway, Managing Member
Date:	12/16/2025

Galloway Capital, LP

Signature:	/s/ Bruce Galloway
Name/Title:	Bruce Galloway, Managing Member
Date:	12/16/2025

GALLOWAY BRUCE

Signature:	/s/ Bruce Galloway
Name/Title:	Bruce Galloway
Date:	12/16/2025

FAQ

What stake does Galloway Capital hold in Global Crossing Airlines (JETBF)?

As of December 9, 2025, the reporting persons beneficially owned 4,082,000 shares of Global Crossing Airlines Group Inc. common stock, representing approximately 6.24% of the outstanding common shares, based on 65,387,229 shares outstanding as of November 5, 2025.

How and when did Galloway Capital acquire its JETBF shares and at what price?

Galloway Capital Partners, LLC acquired 4,082,000 shares of Global Crossing Airlines common stock through open market purchases from August 2024 through December 2025. The aggregate purchase price for these shares is approximately $0.69 per share, funded with investment capital of Galloway Capital Partners, LLC, Galloway Capital, LP and Bruce Galloway.

What is the purpose of Galloway Capital’s investment in Global Crossing Airlines (JETBF)?

The reporting persons state they acquired the securities for investment purposes and intend to review their investment on a continuing basis. They may from time to time buy additional securities or retain or sell some or all of their shares through open market transactions, block trades, underwritten public offerings or privately negotiated deals, depending on factors such as the issuer’s business, financial condition, prospects, share price and market conditions.

Does Galloway Capital plan to engage with Global Crossing Airlines (JETBF) management?

Yes. The reporting persons indicate they may consider, explore or develop plans and proposals regarding the issuer’s performance, operations, management, governance (including potential board changes), conflicted party transactions, capital allocation policies and strategy. They state that they intend to engage the board and management on these matters and that they believe the company’s share price is undervalued and trading at a significant discount.

Who are the reporting persons in this Global Crossing Airlines (JETBF) ownership disclosure?

The reporting persons are Galloway Capital Partners, LLC, Galloway Capital, LP, and Bruce Galloway. Galloway Capital Partners, LLC is a Delaware limited liability company and serves as investment manager to Galloway Capital, LP. Bruce Galloway, a Florida resident, is the managing member of Galloway Capital Partners, LLC and may be deemed to have beneficial ownership of the common stock held by that entity.

How was the 6.24% ownership of Global Crossing Airlines (JETBF) calculated?

The reported 6.24% ownership is based on 4,082,000 shares of Global Crossing Airlines common stock beneficially owned by the reporting persons compared with 65,387,229 shares of common stock outstanding as of November 5, 2025, as reported by the issuer.