Global Crossing Airlines Provides Details on Spin-Out of Canada Jetlines
Miami, Florida--(Newsfile Corp. - April 20, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") is pleased to provide an update on the spin-out of Canada Jetlines Operations Ltd. ("Jetlines"), by plan of arrangement, to its shareholders (the "Transaction"). GlobalX and Jetlines have entered into an Arrangement Agreement pursuant to which the ownership interest of Jetlines will be distributed to the shareholders of GlobalX. Each shareholder of...
2021-04-20 9:00 AM EDT
SmartLynx and Global Crossing Airlines Announce Expanded Strategic Partnership
Malta and Miami, Florida--(Newsfile Corp. - March 16, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") and SmartLynx Airlines ("SmartLynx") have announced an expanded partnership with the goal of creating new opportunities and increasing global operating coverage. The airlines previously announced a damp-lease exchange of airlines during peak traffic movement periods, beneficial to both airlines in reaching their goals.To date, there has been...
2021-03-16 9:00 AM EDT
Global Crossing Airlines Signs Cooperation Agreement with Estelar Airlines
Miami, Florida--(Newsfile Corp. - February 17, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") is pleased to announce that it has signed a cooperation agreement with Estelar Airlines based in Caracas, Venezuela (the "Agreement"). Under the terms of the Agreement, the two airlines will work closely to re-establish daily non-stop service from Miami to Caracas and three flights per week to Maracaibo, with GlobalX Airbus A320 aircraft.Currently,...
2021-02-17 9:00 AM EST
Global Crossing Airlines Group Participating At Stifel 2021 Virtual Transportation & Logistics Conference and To Provide Monthly Progress Report
Miami, Florida--(Newsfile Corp. - February 3, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") announces that it will participate in Stifel 2021 Virtual Transportation & Logistics Conference being held on February 9-10, 2021. Ed Wegel, Founder and CEO, and Ryan Goepel, EVP and CFO, will virtually present an overview of the Company and provide an update on our progress in a webinar on Wednesday, February 10th, at 2:40 PM ET.A live audio...
2021-02-03 9:00 AM EST
Global Crossing Airlines Elects T. Allan McArtor as Vice Chairman of Its Board of Directors
Miami, Florida--(Newsfile Corp. - January 28, 2021) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") pleased to announce the appointment of former Airbus North America Chairman - Mr. T. Allan McArtor to the GlobalX Board, where he will serve as Vice Chairman. "We are honored that Allan has agreed to join us as Vice Chairman," said Ed Wegel, Chair and CEO. "He brings to our board a significant knowledge base in three crucial areas-...
2021-01-28 9:00 AM EST
Global Crossing Airlines Announces Closing of US$5 Million Financing
Miami, Florida--(Newsfile Corp. - January 27, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") is pleased to announce that it has closed its previously announced non-brokered private placement ("Offering"). Due to significant investor demand, the Company raised the full US$5.0 million in gross proceeds through the issuance of 8,064,517 units (each a "Unit") at a price of US$0.62 (approx. Cdn$0.80) per Unit. Each Unit consists of one share of...
2021-01-27 9:00 AM EST
Global Crossing Airlines Names Dean of the University of Miami Business School to Its Board of Directors
Miami, Florida--(Newsfile Corp. - January 26, 2021) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. John Quelch to the GlobalX board of directors, moving from the Advisory Board. He will be working with GlobalX's board and management on current trends in corporate governance, leadership and executive and team training."Dean Quelch served on our Advisory Board and provided our team with his experience and...
2021-01-26 9:00 AM EST
GlobalX Takes Delivery of Its First Airbus A320 at Miami International Airport
Miami, Florida--(Newsfile Corp. - January 19, 2021) - Global Crossing Airlines Group, Inc. (TSXV: JET) (OTCQB: JETMF), operating as "GlobalX", today announced it has taken delivery of its first Airbus A320 aircraft, marking the beginning of the new passenger and cargo airline.Figure 1To view an enhanced version of Figure 1, please visit:
2021-01-19 9:00 AM EST
Global Crossing Airlines Announces Financing to Complete Certification
Miami, Florida--(Newsfile Corp. - January 15, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") announces that it intends to undertake a non-brokered private placement to raise up to a maximum of US$5.0 million (the "Offering"). The Offering consists of units issued at US$0.62 (approx. Cdn$0.80) per unit (each a "Unit"). Each Unit consists of one share of common stock (each a "Share") and one warrant (each a "Warrant"). Each Warrant entitles...
2021-01-15 4:30 PM EST
Global Crossing Airlines Completes Jurisdiction Change to the US and Starts First Pilot Class Training
Miami, Florida--(Newsfile Corp. - December 22, 2020) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") announces that it has achieved two major milestones in its progress towards certification.GlobalX received FAA approval and authorization of its training programs for Pilots, Flight Attendants and Dispatchers and Maintenance Technicians. With this approval, GlobalX will proceed with an in person training start date in Miami of January 4, 2021 for...
2020-12-22 9:00 AM EST
Global Crossing Airlines Closes GEM Drawdown
Miami, Florida--(Newsfile Corp. - December 18, 2020) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") announces that it has completed another draw down (the "Draw Down") under the GEM Facility in accordance with the GEM Agreement as previously disclosed (see the news release dated May 6, 2020 for further information with respect to the GEM Agreement).Pursuant to the Draw Down, on December 18, 2020 GEM Global Yield LLC SCS was issued 158,071 common...
2020-12-18 5:16 PM EST
Global Crossing Airlines Launches Its First Tour Operator, CubaX
Miami, Florida--(Newsfile Corp. - December 15, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") announces that it has formed its first tour operator under part 380 of the U.S. Department of Transportation's (DOT) regulations. CubaX will initially apply to operate daily charter flights to Havana, Cuba from Miami International Airport and will utilize GlobalX aircraft to operate the flights, starting in 2021. "The launch of CubaX is designed to allow...
2020-12-15 9:00 AM EST
Global Crossing Airlines Appoints New President of Its Canada Jetlines Affiliate
Miami, Florida--(Newsfile Corp. - December 14, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF), operating as "GlobalX" is pleased to announce, effective January 1, 2021, the appointment of Captain Eddy Doyle as President of its Canada Jetlines affiliate. Captain Doyle will lead the development and certification of Canada Jetlines as a Canadian charter airline, operating the Airbus A320 family of aircraft. Eddy Doyle has more than 35 years of aviation experience, first as a...
2020-12-14 9:00 AM EST
Global Crossing Airlines Signs Operating Lease Agreement for Second Airbus A320 Family Aircraft
Miami, Florida--(Newsfile Corp. - December 10, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) ( "GlobalX") is pleased to announce the signing of an operating lease agreement for its second aircraft, GlobalX's first Airbus A320-200 (the "Aircraft"), with Dubai Aerospace Enterprise ("DAE").The Aircraft, a 2005 vintage, is scheduled to be delivered to GlobalX in late December, 2020. Delivery will occur after routine inspection/acceptance flights and completion of the painting...
2020-12-10 9:00 AM EST
Global Crossing Airlines Uplists to OTCQB Venture Market
Miami, Florida--(Newsfile Corp. - December 7, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") is pleased to announce that it has been approved to up-list from the OTC Pink® to the OTCQB® Venture Market, with its shares to commence trading on the exchange beginning Monday, December 7, 2020, under the symbol, "JETMF." The shares will continue to be dual listed, trading on the TSX Venture Exchange under the symbol "JET." "Joining the OTCQB elevates...
2020-12-07 9:00 AM EST
Global Crossing Airlines Estimates Delivery of First Cargo Aircraft in June 2021
Miami, Florida--(Newsfile Corp. - November 25, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce that it estimates the delivery of its first A321F, as part of the Vallair LOI announced October 20, 2020, will be June 2021. In addition to this delivery, GlobalX is close to finalizing the leases for its first two previously announced passenger aircrafts expected to be delivered in December 2020 and January 2021. To...
2020-11-25 9:00 AM EST
Global Crossing Airlines Signs for First Airbus A320 Passenger Aircraft and Moves into Phase 3 of Its FAA 121 Certification
Miami, Florida--(Newsfile Corp. - November 17, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") pleased to announce the signing of a letter of intent and payment of the initial deposit for its first A320-200 (the "Aircraft"), under an operating lease to be concluded with Dubai Aerospace Enterprises ("DAE").The Aircraft, a 2005 year build previously operated by a major US airline, is expected to be delivered to GlobalX in late December, 2020. Delivery will occur...
2020-11-17 9:00 AM EST
Global Crossing Airlines announces Intention to Change Jurisdiction of Incorporation to Delaware to Complete Licensing Process
Miami, Florida--(Newsfile Corp. - October 28, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") announces that it has filed a management information circular pursuant to which the Company proposes to change its jurisdiction of incorporation from the Province of British Columbia, Canada to the State of Delaware (the "U.S. Domestication") pursuant to a "continuance" effected in accordance with Section 308 of the Business Corporations Act (British Columbia) and a...
2020-10-28 9:00 AM EDT
Global Crossing Airlines Signs Maintenance Support Agreement with U.S.-based Spirit Airlines
Miami, Florida--(Newsfile Corp. - October 27, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") has signed an initial agreement with Spirit Airlines (NYSE: SAVE), a U.S.-based airline that operates A320 family aircraft (including the new A320neo) and serves destinations across the U.S., Latin America and the Caribbean. Spirit will provide on-call and line maintenance for GlobalX, including daily and weekly checks, in support of the GlobalX fleet of A320 and A321...
2020-10-27 9:00 AM EDT
Global Crossing Airlines Provides Details of Monthly Investor Update and Announces Exercise of Warrants
Miami, Florida--(Newsfile Corp. - October 20, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce that Management will host its monthly update through a Zoom webinar on Thursday, October 22 at 1:30 PM EST. Interested parties are encouraged to register below.When: October 22, 2020 - 01:30 PM Eastern TimeTopic: Global Crossing Airlines Management UpdateRegister in advance for this...
2020-10-20 9:15 AM EDT