Business
Global Crossing Airlines Signs for Fourth A320 Passenger Aircraft
Miami, Florida--(Newsfile Corp. - July 15, 2021) - Global Crossing Airlines Group Inc. ( TSXV:...
About this update from Global Crossing Airlines Group, Inc.
[{"type":"text","content":"Global Crossing Airlines Signs for Fourth A320 Passenger AircraftMiami, Florida--(Newsfile Corp. - July 15, 2021) - Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the \"Company\" or \"GlobalX\") is pleased to announce the signing of an operating lease for its fourth passenger aircraft, an Airbus A320-214 (\"the Aircraft\").The Aircraft, the first from Irish-based lessor Genesis, is expected to be delivered to GlobalX in October 2021. The Aircraft will join the fleet after receipt of final DOT and FAA approvals.GlobalX continues the development of its A320 passenger and A321 passenger and cargo aircraft fleet plans. GlobalX recently completed all of its FAA requirements for its certification as a US 121 flag, domestic, and supplemental carrier, and is expected to enter passenger service after final DOT requirements are concluded. \"We are delighted to be working with the Genesis team on this operating lease. They are true professionals and will ensure we have a good aircraft to fly. This aircraft will be assigned to our new regional base at Atlantic City, New Jersey, where it will have a full slate of northeast originating charter flights starting soon after delivery,\" said Ed Wegel, Chair and CEO of GlobalX.Also reacting to the news, Karl Griffin, CEO of Genesis, stated, \"Genesis is delighted to enter into this lease agreement adding GlobalX as a new customer that is at the vanguard of new entrants to the charter market in North America.\"About Genesis Genesis is a full-service aircraft lessor based in Dublin, with 32 customers across the globe. The Genesis portfolio, an all narrow-body aircraft, currently comprises 71 owned, managed and Boeing and Airbus aircraft. Genesis was established in 2014 by global financial service firm Barings. For further information go to https://www.genesis.aero/.About Global Crossing AirlinesGlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information, please visit www.globalxair.com. For more information, please contact:Ryan Goepel, EVP and CFOE...