Global Crossing Airlines Signs LOI for Ten (10) A321 Converted Freighters with Vallair
Miami, Florida--(Newsfile Corp. - October 20, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") has signed an LOI with Vallair, the mature aircraft and asset specialist based in Luxembourg, (and launch lessor for the Airbus A321 freighter conversion or A321F), to lease ten converted A321 freighter aircraft. This deal represents the most significant transaction to convert A321s to freighter to take place within the air cargo industry.
2020-10-20 9:00 AM EDT
Management Releases New Global Crossing Airlines Livery and Details of Monthly Investor Update
Miami, Florida--(Newsfile Corp. - September 29, 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 1 at 2:00 PM EST. Interested parties are encouraged to register below.Management's presentation will include a discussion of the forecasted future economics of GlobalX's operations, the September 23rd announcement regarding conversion of...
2020-09-29 9:00 AM EDT
Global Crossing Airlines Signs LOI to Convert Five (5) Airbus A321s to Freighter
Miami, Florida--(Newsfile Corp. - September 23, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") is pleased to announce the signing of a letter of intent with ST Engineering's subsidiaries, ST Engineering Aerospace America, Inc. and Elbe Flugzeugwerke GmbH, for the conversion of five Airbus A321 passenger aircraft to freighter. Subject to signing definitive agreements and the completion of the acquisition of the aircraft, the aircraft will be converted at ST...
2020-09-23 9:00 AM EDT
Global Crossing Airlines Signs Joint Venture Agreement with Leading Ground and Passenger Handling Company
Miami, Florida--(Newsfile Corp. - September 14, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") has signed a Joint Venture Agreement (the "JV") with Global Aviation Services, Inc. of Toronto, Ontario, Canada ("GAS"), a leading supplier of aircraft ground and passenger handling capabilities with over 45 airline clients and operating at airports in both Canada and the United States. The JV will launch GlobalX Ground Team™, which will initially...
2020-09-14 9:00 AM EDT
Global Crossing Announces Plans for Spin-Out of Canada Jetlines Operations
Miami, Florida--(Newsfile Corp. - September 8, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce its intention to spin-out its 100% owned Canada Jetlines Operations Ltd. subsidiary to an existing shell company and renaming it Canada Jetlines Vacations ("CJV"). Subject to concluding satisfactory terms, GlobalX intends to provide CJV with aircraft and crews to fly Vacation charters to Florida, Atlantic City and the Caribbean....
2020-09-08 9:00 AM EDT
Global Crossing Airlines Signs for First Airbus A321 Passenger Aircraft
Miami, Florida--(Newsfile Corp. - August 28, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") pleased to announce the signing of a letter of intent for its first A321-200 (the "Aircraft"), under an operating lease with Magnetic Leasing.The Aircraft, a 2005 year build previously operated by a major government owned Asian airline, is expected to be delivered to GlobalX in December 2020. Delivery will occur after signing of definitive lease...
2020-08-28 9:00 AM EDT
Global Crossing Airlines Completes Initial Draw Down on GEM Facility and Releases Details of Management Monthly Update
Miami Florida--(Newsfile Corp. - August 26, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce that the initial draw down (the "Draw Down") has been completed 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, GEM Global Yield LLC SCS was issued 473,714 common...
2020-08-26 9:00 AM EDT
Global Crossing Airlines Adds Senior Airline IT Executive Edgar Green
Miami, Florida--(Newsfile Corp. - August 5, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Edgar Green as Head of Information Technology (IT).Mr. Green comes to GlobalX with over fifteen years of direct low cost airline related IT experience with two major US LCC airlines. Mr. Green spent over seven years at Allegiant Airlines where he served as Director, Enterprise Program Management Office which...
2020-08-05 9:00 AM EDT
Global Crossing Airlines Chairman, CEO & Founder Ed Wegel to Share Progress with Investors on FAA Certification process, Aircraft Procurement, Charter & Airline Relationships
Miami, Florida--(Newsfile Corp. - July 24, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") pleased to announce that its Chairman, CEO and Founder Ed Wegel will be sharing an update with Investors and channel partners on the meaningful milestones and progress the business has made to-date, as well as its steady and planned runway for take-off, growth and profitability.Date: Tuesday July 28th 02:00 PM Eastern Time (US and Canada) All Investors...
2020-07-24 9:00 AM EDT
Global Crossing Airlines Builds Marketing and Sales Team: Mark Salvador Joins the Airline Group as Vice President of Charter Marketing
Miami, Florida--(Newsfile Corp. - July 23, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Mark Salvador as Vice President of Charter Marketing.Mr. Salvador comes to GlobalX with over 17 years of experience in the travel industry with successful tenures at Carnival Cruise Lines, where he served as Global Head of Business Development for six cruise brands, The Palms Resort in Las Vegas, where he...
2020-07-23 9:00 AM EDT
Global Crossing Airlines Signs with Leading Supplier for Aviation Fuel Credit Facility and Fuel Risk Management Services
Miami, Florida--(Newsfile Corp. - July 17, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") has signed a $1 million credit line facility (the "Facility") with AEG Fuels ("AEG"), a Miami based supplier of fuel management and pumping capabilities at over 3000 airports worldwide. AEG has been in fuel services business for over 30 years and works with over 2500 customers worldwide. Ryan Goepel, CFO of GlobalX, stated, "We are very pleased to be working with...
2020-07-17 9:00 AM EDT
Global Crossing Airlines Acquires First A320 Aircraft and Retains Market-Making Services
Miami, Florida--(Newsfile Corp. - July 16, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") announces that it has signed a letter of intent to acquire by purchase one A320-200 aircraft (the "Aircraft"). The specific aircraft data for the Aircraft has now been incorporated into the GlobalX manual set which has now been submitted to the FAA under Phase 2 of GlobalX's certification. Additional details regarding the Aircraft will be provided in the near term.The...
2020-07-16 9:00 AM EDT
Global Crossing Airlines Signs Airport Use Agreement With Atlantic City International Airport
Miami, Florida--(Newsfile Corp. - July 8, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") is pleased to announce the signing of an Airport and Terminal Use agreement with Atlantic City International Airport ("ACY") in Egg Harbor Township, New Jersey. GlobalX is also exploring with the South Jersey Transportation Authority, the owner and operator of ACY, the potential signing of a Land Lease agreement for the development of a new hangar and maintenance facility...
2020-07-08 9:00 AM EDT
Global Crossing Airlines Names Dean of the University of Miami Business School to Airline's Advisory Board
Miami, Florida--(Newsfile Corp. - July 7, 2020) - Global Crossing Airlines Inc. (JET: TSX-V) (the "Company" or "GlobalX") pleased to announce the appointment of Mr. John Quelch to the GlobalX Advisory Board. He will be working with GlobalX's board and management on current trends in corporate governance, leadership and executive and team training.Mr. Quelch is a professor and dean of the University of Miami Herbert Business School. He has previously held leadership positions at Harvard...
2020-07-07 9:00 AM EDT
Global Crossing Airlines Strengthens Technical Expertise with Key Management Appointment
Miami, Florida--(Newsfile Corp. - July 6, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Christian Toro as Vice President of Technical Operations and Director of Maintenance.Mr. Toro comes to Global X with 35 years of experience and following successful tenures at both Southwest Airlines, where he served as Chief Inspector and Allegiant Airlines, where he served as both Chief Inspector and later Vice President of...
2020-07-06 9:00 AM EDT
Global Crossing (Formerly Canada Jetlines) and Breeze Airways Settle Lawsuit Amicably; Look to Cooperate in the Future
Florida and Salt Lake City, Utah--(Newsfile Corp. - July 2, 2020) - Global Crossing Airlines Inc. (TSXV: JET) ("GlobalX") and Breeze Airways have reached an amicable agreement to settle a lawsuit brought by Canada Jetlines in November 2019. The lawsuit will be withdrawn by Global Crossing, with prejudice, and without any funds changing hands.GlobalX and Breeze will also look at opportunities in the future where they might cooperate as they develop the U.S. commercial aircraft charter market,...
2020-07-02 9:00 AM EDT
Global Crossing Airlines Announces Board Appointment and Capital Market Communications Programs
Miami, Florida--(Newsfile Corp. - June 29, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Zygimantas Surintas, CEO of SmartLynx Airlines ("SmartLynx"), to the Company's board of directors. His appointment follows the previously announced comprehensive commercial agreement covering several areas for cooperation and for the exchange of aircraft on damp lease during each airline's peak periods. The areas of cooperation...
2020-06-29 4:30 PM EDT
Global Crossing Airlines Announces Closing of Business Combination Transaction
Miami, Florida--(Newsfile Corp. - June 23, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX" formerly known as Canada Jetlines Ltd.) is pleased to announce that it has closed the business combination of Global Crossing Airlines, Inc. ("Global USA") and the Company (the "Transaction"), including the completion of a US$1,543,600 million financing. Trading of the Company's common shares will resume at the opening on June 25, 2020 under the ticker symbol "JET" on the...
2020-06-23 2:20 PM EDT
Canada Jetlines Expands Financing Participation to Include Existing Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2020) - Canada Jetlines Ltd. (TSXV: JET) (the "Company" or "Jetlines") is pleased to announce that due to demand, it is expanding the availability of its US$1.5 million financing (the "Offering") to allow participation from existing securityholders who may not otherwise qualify as accredited investors. The Offering is being completed in connection with the shareholder approved the business combination transaction (the "Transaction") of...
2020-06-09 9:00 AM EDT
Canada Jetlines Confirms Shareholder Approval of Transaction and Provides Details of GlobalX Online Presentation
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - Canada Jetlines Ltd. (JET: TSX-V) (the "Company" or "Jetlines") is pleased to announce that its shareholders have overwhelmingly approved the business combination transaction (the "Transaction") of Global Crossing Airlines, Inc. ("GlobalX") and Jetlines. At Jetlines' Special Meeting of shareholders, 95.89% of the common and variable voting shares were voted in favour of the Transaction. With shareholder approval of the Transaction...
2020-06-02 9:00 AM EDT