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MIAMI, April 03, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( Cboe: JET, OTCQB: JETMF ) (the “ Company ” or “ GlobalX ”), the Nation's fastest growing charter airline, has been approved by the US Department of Transportation for an increase to 20 aircraft from its current authorization of 16 aircraft. The increased fleet authorization allows GlobalX to add two (2) Airbus A320 and two (2) Airbus A321 passenger aircraft to its fleet by Summer 2024, subject to FAA...

MIAMI, March 06, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: Cboe CA; JET.B: Cboe CA; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) today reported fourth quarter and 2023 annual financial results, which saw record revenue for Q4 of $53.5M and $160M for the year. All figures are in United States dollars and prepared in accordance with U.S. GAAP. Annual 2023 Highlights and Financial Results Annual Revenues of $160.1 Million EBITDAR (1) of $20 Million, a fourfold...

Ethiopian Airlines to Expand Widebody Fleet with Up to 20 Boeing 777X Jets - With commitment for eight 777-9s and up to 12 more, Ethiopian Airlines is first African customer for highly fuel-efficient 777X passenger jet PR Newswire ADDIS ABABA, Ethiopia, March 5, 2024 ADDIS ABABA, Ethiopia , March 5, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Ethiopian Airlines announced today an agreement for the East African airline to purchase eight 777-9 passenger airplanes and the potential for up to 12...

MIAMI, March 04, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: Cboe CA; JET.B: Cboe CA; JETMF: OTCQB ) (the “Company” or “ GlobalX ”) is pleased to confirm that it will host a Zoom webinar on March 6 th , 2024 led by GlobalX Executive Chairman Chris Jamroz, and President and CFO Ryan Goepel. The webinar will provide a business update and discuss GlobalX 2023 full year financial results, which will be released premarket on the same day. Details for the webinar are...

MIAMI, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: Cboe CA; JET.B: Cboe CA; JETMF: OTCQB ) (“ GlobalX ”) announces the appointment, effective today, of Chris Jamroz as Executive Chairman and Ryan Goepel as President. Mr. Goepel will continue to serve as Chief Financial Officer. The Board of Directors (the “Board”) and Edward J. Wegel, the Company’s Chief Executive Officer, have agreed that Mr.Wegel will resign his duties, rights, and obligations as an...

MIAMI, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: Cboe CA; JET.B: Cboe CA; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to confirm the earnings release date for 2023 full year results. The Company will discuss its annual financial results on Wednesday, March 6 th . GlobalX intends to release full year 2023 results before the market opens on Wednesday, March 6 th and will be hosting a Zoom webinar to provide a business update and discuss...

Trip.com Group and LATAM Airlines Group Partner to Enhance Travel Experience Through NDC Technology PR Newswire LONDON, Jan. 22, 2024 The international travel service provider and the Latin American airline group have agreed to implement the New Distribution Capability (NDC) to provide customers with a better, more efficient travel experience. LONDON , Jan. 22, 2024 /PRNewswire/ -- Trip.com Group, a leading travel service provider, announced today the signing of a new NDC agreement with LATAM...

MIAMI, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce the closing of the placement of an additional US$5 million of Senior Secured Notes due 2029 (the “ Financing ”) with a fund managed by Axar Capital Management LP and its affiliates (the “ Investor ”), a value-oriented alternative investment firm with over US$2.3 billion in assets under management. These notes...

MIAMI, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) announces that the nominees listed in the proxy statement for the 2023 Annual Meeting of Stockholders were elected as directors of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting of Stockholders on December 13, 2023 in Miami, Florida, are set out below: Director Votes For % Votes For Votes...

MIAMI, Dec. 12, 2023 (GLOBE NEWSWIRE) -- UrbanX Air – a wholly-owned subsidiary of Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (GlobalX), which operates the Miami-based airline GlobalX – and Eve Air Mobility (Eve) (NYSE: EVEX and EVEXW) have announced plans to bring Urban Air Mobility (UAM) to Miami by launching electric commuter flights throughout the South Florida area beginning in 2026 (subject to receiving all FAA and DOT approvals). This announcement marks...

MIAMI, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”), which operates the Miami-based airline GlobalX, has announced the creation of UrbanX Air (“UrbanX”), a wholly-owned subsidiary of GlobalX to pioneer the integration of Urban Air Mobility (UAM) in South Florida (subject to receiving all FAA and DOT approvals). In conjunction with this announcement, GlobalX Chairman and CEO, Ed Wegel, an...

MIAMI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is proud to announce a strategic partnership with Karbon-X, a leading carbon offset provider, to advance its commitment towards sustainable and environmentally-friendly air travel. This collaboration sees GlobalX investing in a carbon offsetting program proposed by Karbon-X that aims to counteract the CO 2 emissions generated by GlobalX's...

Reaffirms 2023 Revenue Guidance of $150+M (USD) Focused On Sustained Profitability MIAMI, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) today reported third quarter 2023 financial results, which saw accelerating positive financial and operational growth. All figures are in United States dollars and prepared in accordance with U.S. GAAP. Third Quarter 2023 Highlights and Financial Results...

MIAMI, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to provide an update on block hours operated in Q3 in addition to announcing our planned Q3 earnings release date in November and the date of the Company’s Annual General Meeting in December. GlobalX operated 6,504 block hours in Q3 2023 compared to 3,585 hours in Q2 2023, an 81% increase. Of the hours operated in Q3 2023, 70%...

MIAMI, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce that is has reached agreement to lease an additional A321 freighter for delivery in October 2023 from Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group, Inc. (Nasdaq: ATSG). “We are pleased to be able to lease our first A321 freighter from CAM, a worldwide leader in cargo aircraft...

MIAMI, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce that is has reached an agreement with Sheltair Aviation for the financing and construction of a new aircraft maintenance facility at the Fort Lauderdale- Hollywood International Airport (KFLL). GlobalX expects to break ground on this new facility in Q4 2023, occupy the facility in Q2 2025, and to cost approx. $25...

MIAMI, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to provide an update on block hours operated in July and August, aircraft deliveries and contracts signed. “GlobalX operated over 2,500 block hours in July and approximately 2,400 block hours in August, bringing the quarter total to 4,900 compared to 3,157 hours in July and August 2022, a 55% increase. We are continuing the...

MIAMI, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) today reported second quarter 2023 financial results. All figures are in United States dollars and prepared in accordance with U.S. GAAP. Second Quarter 2023 Financial Results Total operating revenue for Q2 2023 was $31.5 million. This represents an increase of $14 million or 80.5% when compared to Q2 2022. In addition, GlobalX operated...

MIAMI, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to provide an update on block hours flown and announce its earnings release date for Q2 results. “GlobalX flew a record of 3,585 revenue block hours in Q2 2023 versus 2,108 in Q2 2022, a 70% increase with net available aircraft* of 7.8, up from 5.9 net available aircraft in Q2 2022. This represents a 27% increase in the number...

MIAMI, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce the closing of the placement of US$35 million of Senior Secured Notes due 2029 (the “ Financing ”) with funds managed by Axar Capital Management LP and its affiliates (the “Investors”), a value-oriented alternative investment firm with over US$2.3 billion in assets under management. “GlobalX is excited to...