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Global Crossing Airlines launches major charter program to Havana with its partner Havana Air

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Global Crossing Airlines Group, Inc. (JETMF) has launched scheduled charter services from Miami and Tampa to Havana, following approval from the U.S. Department of Transportation. Flights will operate six times weekly from Miami and twice weekly from Tampa, with plans for expansion as Cuba reopens fully post-pandemic. The partnership with Havana Air aims to enhance operational reliability and passenger capacity using Airbus A321 aircraft. Both companies are optimistic about increasing flights in the future.

Positive
  • Launch of scheduled charter service from Miami and Tampa to Havana, indicating growth opportunities.
  • Partnership with Havana Air, enhancing operational capabilities and market access.
Negative
  • Dependence on Cuban regulatory approvals may hinder operational expansion.
  • Potential risks related to passenger demand and economic conditions affecting flight viability.

MIAMI, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: TSX-V; JET.B: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) and ViajeHoy, LLC, d/b/a Havana Air (“Havana Air”) are pleased to announce today that they have commenced scheduled charter service from Miami and Tampa to Havana. The initial service, granted under approval from the U.S Department of Transportation, operates six times weekly between Miami and Havana, and twice weekly between Tampa and Havana. Both GlobalX and Havana Air plan for the number of flights to increase as Cuba fully opens post-pandemic

“We are honored to be a partner of Havana Air, the largest and most experienced OFAC approved tour operator to Cuba. Our Airbus family of aircraft, especially our A321, will provide the largest number of seats and most amount of personal cargo capacity of any aircraft in this market,” said Ed Wegel, Chairman and CEO of GlobalX.

“GlobalX has shown its ability to operate on time and reliably, which is essential to operating to Cuba, since completing its certification as a US 121 flag carrier. We look forward to working very closely with them to fully develop the Havana market, first from Miami and Tampa and eventually from other gateway cities in the US,” said Mark Elias, President of Havana Air.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as an ACMI and wet lease charter airline serving the US, Caribbean, and Latin American markets. For more information, please visit www.globalxair.com

About Havana Air

Miami-based Havana Air has over 12 years of experience in serving the Cuba travel market. Mark Elias, President/COO, has over 25 years of travel agency experience as a previous senior executive with Travel Leaders. David Nesslein, CEO, has extensive high volume, multiple location corporate experience as owner of one of the nation's largest healthcare companies. Havana Air has previously operated in excess of 35 flights a week, serving Havana, Holguin, Santiago de Cuba, Camaguey, and Santa Clara from both Miami and Tampa. They have been entrusted with such prestigious movements as the Tampa Bay Rays baseball team exhibition in Cuba, all support staff for the historic Rolling Stones concert, the film crews of Fast & Furious, and multiple Cuban artists visiting the USA. Havana Air’s highly experienced team has in-depth experience in all aspects of high-volume passenger travel, group travel, visa requirements, and U.S. documentation required for travel to Cuba. They hold long-term and invaluable relationships on the island. Havana Air is an authorized U.S. DOT Part 380 license holder as well as an OFAC General License to operate to Cuba. www.havanaair.com

For more information, please contact:

Mark Salvador, Chief Marketing Officer
Email: mark.salvador@globalxair.com
Tel: 786.751.8510

Or

Mark Elias, President / COO, Havana Air
Email: mark@havanaair.com
Tel: 305.775.7140

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 Company’s intention to fly as an ACMI and wet lease charter airline, the Company’s aircraft fleet size, the number of flights that GlobalX intends to fly in partnership with Havana Air, the intended flight destinations and GlobalX’s cargo capacity.

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 continue airline operations, the timely receipt of approval from the Cuban government, sufficient passenger demand for the proposed flights, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the success of airline operations of GlobalX; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the Company has sufficient aircraft to provide the service; 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 failure to receive approval from the Cuban government in a timely manner or at all, reduced or limited passenger demand for flights to Cuba, the impact of general economic conditions, failure to retain or obtain sufficient aircraft, domestic and international airline industry conditions, 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.


FAQ

What new service has Global Crossing Airlines Group, Inc. (JETMF) announced?

Global Crossing Airlines is launching scheduled charter services from Miami and Tampa to Havana.

How often will the flights operate from Miami and Tampa to Havana?

Flights will operate six times weekly from Miami and twice weekly from Tampa.

What type of aircraft will Global Crossing Airlines use for the Havana flights?

Global Crossing Airlines will primarily use Airbus A321 aircraft for these flights.

What is the significance of the partnership with Havana Air for JETMF?

The partnership enhances operational reliability and expands market access for both companies.

What challenges could affect the new service from Global Crossing Airlines?

Challenges include dependence on Cuban regulatory approvals and potential fluctuations in passenger demand.

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