Global Crossing Airlines enters commercial service
MIAMI, August 10, 2021 (GLOBE NEWSWIRE) – Global Crossing Airlines Group Inc. (TSXV: JET) (TSXV: JET.B) (OTCQB: JETMF) (the “Company” or “GlobalX“) is pleased to announce that effective August 7, 2021, it began operating passenger revenue as a new US airline.
With the Airbus A320 family, the airline offers charter flights to American, Canadian, Caribbean and Latin American destinations from its hubs in Miami and Atlantic City. GlobalX flies for casinos, cruise lines, major hotel and resort destinations, and incentive groups.
“We are obviously very happy to have met all DOT and FAA regulatory requirements and to have started commercial flights last Saturday. We are seeing very high demand for our aircraft and will be announcing some major on-air charter programs (where we fly for a long-term customer every day), as well as US government and other on-demand charters. The opening of our Atlantic City base created additional opportunities, and we have now booked a significant number of charter programs with ACY. We are working with our business alliance partner, Canada Jetlines, to develop cross-border charter programs and provide them with additional aircraft this winter to meet demand from Canada to sun destinations in the United States, ”said Ed Wegel, President and CEO of GlobalX.
About Global Crossing Airlines
GlobalX is a 121 US national carrier and an additional airline using the Airbus A320 family aircraft. GlobalX has an A320 in commercial operation and has begun the process of adding its A321 aircraft to its certificate subject to FAA and DOT approvals. GlobalX has announced the delivery of its third and fourth aircraft deliveries in the second half of 2021. GlobalX operates as an ACMI charter and crewed charter airline serving the US, Caribbean and Latin American markets . For more information, please visit www.globalxair.com.
For more information please contact:
Mark Salvador, Marketing Director
E-mail: [email protected]
Phone. : 786.751.8510
Ryan Goepel, Executive Vice President and Chief Financial Officer
E-mail: [email protected]
Phone : 786.751.8503
Jeff Walker, Vice President – The Howard Group
E-mail: [email protected]
Phone : 403.221.0915
Caution regarding forward-looking information
This press release contains “forward-looking information” regarding anticipated developments and events that may occur in the future. Forward-looking information contained in this press release includes, but is not limited to, statements regarding the Company’s intention to fly as an ACMI charter and wet-lease airline, the completion of the final requirements of the FAA and DOT for the A321, the Company’s aircraft, the size of the fleet, the bases and destinations the Company intends to serve and the details of the agreement with Canada Jetlines.
In some cases, forward-looking information may be identified by the use of words such as “plans”, “expects”, “budget”, “planned”, “estimates”, “forecasts”, “intentions”, ” anticipate “or” or variations of these words and phrases or statements that certain actions, events or results “might”, “could”, “would”, “could” or “would”, “occur” or “will be achieved” suggesting future results, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance. The forward-looking information contained in this press release is based on certain factors and assumptions regarding, among other things, obtaining financing to continue airline operations; the accuracy, reliability and success of GlobalX’s business model; receiving in time condition or having operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. Although the Company considers these assumptions to be reasonable on the basis of the information currently available to it, they may prove to be inaccurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by the companies. forward-looking information. These factors include the risks related to the ability to obtain financing on acceptable terms, the impact of general economic conditions, the conditions of the domestic and international airline industry, the impact of the global uncertainty created by COVID- 19, future relations with shareholders, fuel price volatility, increased operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, capacity to management to implement GlobalX’s operational strategy, ability to attract qualified executives and personnel, labor disputes, regulatory risks, including risks associated with the acquisition of the necessary licenses and permits; and additional risks identified in the “Risk Factors” section of reports and documents filed by the Company with applicable Canadian securities regulatory authorities. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those described in forward-looking information, other factors may cause results not to be as anticipated, estimated or planned. Therefore, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release. Except as required by applicable securities laws, the Company assumes no obligation to publicly update any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepted responsibility for the adequacy or accuracy of this release.