Business
Galloway Capital Partners Increases Ownership in Global Crossing Airlines to 8.10% and Highlights Significant Value Opportunity
MIAMI, April 13, 2026--Galloway Capital Partners, LLC and its affiliates ("Galloway") today announced that they have increased their ownership in Global Crossing Airlines Group, Inc. (OTCQB: JETMF) ("Global Crossing" or the "Company") to approximately 8.10% of the outstanding shares.
About this update from Global Crossing Airlines Group, Inc.
[{"type":"text","content":"MIAMI, April 13, 2026--(BUSINESS WIRE)--Galloway Capital Partners, LLC and its affiliates ("Galloway") today announced that they have increased their ownership in Global Crossing Airlines Group, Inc. (OTCQB: JETMF) ("Global Crossing" or the "Company") to approximately 8.10% of the outstanding shares.","length":331,"tagName":"p"},{"type":"text","content":""We believe Global Crossing is materially undervalued and represents one of the most compelling and fastest growing charter airline opportunities in the aviation sector," said Bruce Galloway, Chief Investment Officer of Galloway Capital Partners. "The Company is profitable, growing rapidly, and positioned to generate significant earnings power, yet the current valuation fails to reflect its financial trajectory or intrinsic value. We see a clear path to substantial shareholder value creation."","length":518,"tagName":"p"},{"type":"text","content":"Galloway’s research estimates that the Company has the potential to generate at least $30 million in EBITDA and approximately $90 million in EBITDAR this year. For context, a comparable transaction involving the sale of Sun Country Airlines to Allegiant occurred at approximately 6.9x EBITDAR, despite Sun Country exhibiting slower growth characteristics than Global Crossing.","length":376,"tagName":"p"},{"type":"text","content":"Galloway stated, "Applying a similar valuation multiple implies an Enterprise Value for Global Crossing in excess of $600 million, or approximately $9.50 per share. With the stock currently trading at approximately $0.56 per share, we believe there is a substantial disconnect between the Company’s market price and its underlying value. Further, recent market concerns regarding rising fuel costs appear overstated, as the Company’s business model allows for the pass-through of fuel expenses to customers, limiting direct exposure to fuel price volatility."","length":569,"tagName":"p"},{"type":"text","content":"Galloway continues to express support for management’s ongoing efforts and looks forward welcome to engage constructively with the Company’s management team and Board of Directors to increase market awareness and enhance shareholder.","length":233,"tagName":"p"},{"type":"text","content":"About Galloway Capital Partners","length":31,"tagName":"p"},{"t...