GlobalX Takes Delivery of Its First Airbus A320 at Miami International Airport

The delivery ceremony brings the new charter airline one step closer to receiving FAA certification

Miami, Florida--(Newsfile Corp. - January 19, 2021) -  Global Crossing Airlines Group, Inc. (TSXV: JET) (OTCQB: JETMF), operating as "GlobalX", today announced it has taken delivery of its first Airbus A320 aircraft, marking the beginning of the new passenger and cargo airline.

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"We are thrilled to take delivery of our first A320 aircraft here at our base at MIA. We are building our airline around Airbus with the A320 and 321 in passenger configuration, and later this year with the first of many A321 cargo aircraft. We hope to operate the Airbus A330 aircraft as well. Today is a testament to the outstanding work of the GlobalX team as we continue to certify as a US flag carrier," said Ed Wegel, Chairman and CEO.

The aircraft arrived at its new base, Miami International Airport, on Sunday afternoon and was welcomed with a ceremonial water cannon salute upon landing. This marks the first delivery of two aircrafts scheduled for the first quarter of 2021.

GlobalX's first A320 aircraft came freshly painted in its signature blue and green livery. The aircraft comfortably accommodates 180 passengers in an all Economy Class configuration, and features a large cargo hold capable of accommodating generous passenger baggage allowances. Upon completion of its FAA certification which is expected by late first quarter 2021, the A320 aircraft will immediately begin passenger charter operations throughout the United States, Caribbean, and Latin America.

"We extend our sincere thanks and appreciation to the leadership and team at GlobalX for their trust in Airbus and our A320 aircraft family. It's an honor to welcome a new A320 and A321 operator in North America and support them throughout their expansion," said Airbus Americas Chairman and CEO Jeff Knittel.

"We look forward to a great relationship with GlobalX into the future," he added.

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GlobalX will provide charter airlift for major airlines, tour operators, professional and collegiate sports teams, casinos, and corporate groups. It will also operate direct to consumer charters under its own Part 380. The airline will operate from two bases at Miami International Airport (MIA) and Atlantic City International Airport (ACY).

About Global Crossing Airlines
GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to initially 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.

Media Contacts:

Bertha Diaz
Zapwater Communications
P: 305-444-4033
bertha@zapwater.com

Holly Zawyer
Zapwater Communications
P: 305-444-4033
holly@zapwater.com 

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the the Company's intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, the delivery of aircraft, the operation of A330 aircraft in the future and the details of the Company's potential future customers.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

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 any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any 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 accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72275

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