Global Crossing Airlines and United Airlines Collaborate Through Airblox for Seamless Cargo Transportation Between San Juan and Chicago

Rhea-AI Summary

Global Crossing Airlines (JETMF) has announced a digital interline agreement with United Airlines through Airblox's electronic Block Space Agreement (eBSA) for cargo transportation between San Juan (SJU) and Chicago (ORD). GlobalX operates thrice-weekly round-trip cargo flights using Airbus A321F freighters, offering 25 tons of cargo capacity in each direction.

United Airlines has secured the entire GlobalX A321F cargo space for the San Juan to Chicago route through the Airblox platform. The A321F freighter boasts a 19% reduction in fuel consumption compared to competitive aircraft. The service operates on Mondays, Wednesdays, and Fridays, utilizing Airblox's platform for streamlined operations and competitive pricing.

Positive

• Secured major partnership with United Airlines for cargo transportation
• Operating thrice-weekly cargo flights with 25-ton capacity each way
• A321F freighter offers 19% fuel consumption reduction vs competitors

Negative

• None.

MIAMI, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the Nation's fastest growing charter airline, today announced that it has entered into a digital interline agreement with United Airlines through Airblox’s innovative electronic Block Space Agreement (“eBSA”), enabling efficient cargo transport between San Juan (SJU) and Chicago (ORD).

GlobalX operates round-trip cargo charter flights between San Juan (SJU) and Chicago (ORD) three times per week. These flights, scheduled for Mondays, Wednesdays, and Fridays, utilize GlobalX's advanced Airbus A321F freighter, offering an impressive 25 tons of cargo capacity in each direction.

This service is exclusively accessible via the Airblox platform, reflecting its pivotal role in facilitating this collaboration. Leveraging Airblox's innovative tools, United Airlines secured the entire GlobalX A321F cargo space for transporting goods from San Juan to Chicago, ensuring streamlined operations and competitive pricing for their cargo needs.

"This collaboration showcases how Airblox continues to redefine the air cargo industry by connecting leading players like United Airlines and GlobalX through digital innovation," said Edip Pektas, CEO of Airblox. "We are thrilled to facilitate this partnership and provide our customers greater reliability and efficiency for their cargo requirements. Our platform is a testament to how technology can bridge gaps and create mutually beneficial opportunities for airlines and businesses. We invite more enterprises to explore the benefits of our platform and the opportunities it creates for streamlined operations."

Neel Jones Shah, Board Member at Airblox, stated, "This partnership between United Cargo and GlobalX, made possible through Airblox, is evidence to the commitment of all parties to deliver highly innovative solutions that meet the needs of their customers. Furthermore, by leveraging the efficiencies of this digital platform, we can ensure that the GlobalX flight from SJU to ORD seamlessly integrates into United’s network."

Ryan Goepel, President and CFO at GlobalX, echoed this sentiment, saying, "We are delighted to work with United Airlines through Airblox's cutting-edge technology platform. Our state-of-the-art Airbus A321F freighters are the optimal choice for efficient narrow-body cargo transportation. With a payload capacity of 25 tons, a 19% reduction in fuel consumption compared to competitive aircraft, and advanced loading capabilities, the A321F ensures swift and secure handling of goods needed to meet the growing demand for air cargo between Chicago and San Juan. This partnership highlights Airblox's top-notch customer service, flexible options, competitive pricing, and ability to enable strategic collaborations within the air cargo sector."

This initiative marks a new chapter in digital air cargo solutions, demonstrating how platforms like Airblox can revolutionize traditional logistics models. The partnership between United Airlines and GlobalX sets a benchmark for future collaborations, showcasing how technology and innovation can drive efficiency and growth in the air cargo industry.

Businesses interested in securing space on the Chicago to San Juan route are encouraged to contact Iyman Mustafa (iyman@airblox.com) for pricing and further details.

About Airblox

Airblox is a leading online air cargo capacity and financing platform. It connects freight forwarders with reliable carriers and financing options via the facilitation of allotments, contract rates and eBSA’s™ exclusively offered through Airblox.

About Global Crossing Airlines Group

GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family of aircraft. The company’s services include domestic and international ACMI and charter flights for passengers and cargo throughout the US, Caribbean, Europe, and Latin America. GlobalX is IOSA certified by IATA and holds TCOs for Europe and the UK.

For more information, please contact:

Company Contact

Ryan Goepel, President & CFO
Tel: (720) 330-2829

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza
Email: JET@elevate-ir.com

Cautionary Note Regarding Forward-Looking Information

This news release contains certain “forward looking statements” and “forward-looking information”, as defined under applicable United States and Canadian securities laws, concerning anticipated developments and events that may occur in the future. Forward-looking statements contained in this news release include, but are not limited to, statements with respect to the Company’s aircraft fleet size, the destinations that the Company intends to service, the Company’s status as North America's fastest-growing charter airline, the Company’s growth plans, the schedule and frequency of flights, the cargo capacity of the A321F, the benefits of the Airblox platform, the benefits of the A321F, and expectations regarding customer service, flexible options, competitive pricing, and ability to enable strategic collaborations within the air cargo sector.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" 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 statements contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations and launch the new joint venture entity, the accuracy, reliability and success of GlobalX’s business model; GlobalX’s ability to accurately forecast demand; GlobalX will be able to successfully conclude definitive agreements for transactions subject to LOI; the timely receipt of governmental approvals; the success of airline operations of GlobalX; GlobalX’s ability to successfully enter new geographic markets; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the Company has or will have sufficient aircraft to provide the service; the impact of competition and the competitive response to GlobalX’s business strategy; the future price of fuel, 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 statements involve 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 statements. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, risks related to supply chain and labor disruptions, failure to retain or obtain sufficient aircraft, domestic and international airline industry conditions, failure to conclude definitive agreements for transactions subject to LOI, the effects of increased competition from our market competitors and new market entrants, passenger demand being less than anticipated, 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, risks associated with doing business in foreign countries, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labor disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; risks related to significant disruption in, or breach in security of GlobalX’s information technology systems and resultant interruptions in service and any related impact on its reputation; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking statements, 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 statements. The forward-looking statements are 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 statements. If GlobalX does update one or more forward-looking statements, no inference should be made that it will make additional updates with respect to those or other forward-looking statements.

FAQ

What is the cargo capacity of JETMF's A321F freighter on the San Juan-Chicago route?

The A321F freighter operated by Global Crossing Airlines (JETMF) offers 25 tons of cargo capacity in each direction between San Juan and Chicago.

How frequently does JETMF operate cargo flights between San Juan and Chicago?

JETMF operates round-trip cargo charter flights three times per week, scheduled for Mondays, Wednesdays, and Fridays.

What is the fuel efficiency advantage of JETMF's A321F freighter?

The A321F freighter offers a 19% reduction in fuel consumption compared to competitive aircraft.

How does the JETMF-United Airlines cargo partnership work through Airblox?

United Airlines has secured the entire GlobalX A321F cargo space through Airblox's electronic Block Space Agreement (eBSA), enabling efficient cargo transport between San Juan and Chicago.