GLOBAL CRSSIG ARLINS NEW - JETMF STOCK NEWS

Global Crossing Airlines Group, Inc. (JETMF) has achieved significant milestones, including obtaining its US FAA Aircraft Operating Certificate and the Certificate of Public Convenience and Necessity for international operations. The company entered revenue service on August 7, 2021, reporting $3.1M in revenue and a net operating loss of $5.26M for Q3 2021. Operating two Airbus A320s and one A321, GlobalX anticipates a 270% increase in aircraft availability by year-end. The company aims to expand service to Caribbean and Latin American destinations while enhancing profitability.

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.

Global Crossing Airlines Group (JETMF) and Canada Jetlines are partnering to launch public charter flights between Toronto and Florida, marking their first collaboration since GlobalX's spin-out of Canada Jetlines in June 2021. The charter flights, targeting Miami and Fort Lauderdale, are expected to commence in March 2022, with ticket sales anticipated to start in December 2021, pending regulatory approvals. This partnership aims to maximize the airlines' networks and enhance capacity during peak periods.

Global Crossing Airlines Inc. (JETMF) has commenced the conversion of its first A321 aircraft into a freighter, collaborating with Hong Kong Engineering Company Limited. This aircraft is part of a fleet expansion plan that includes the leasing of three A320s and a fourth A320 under letter of intent. CEO Ed Wegel highlighted the anticipated growth in charter demand and the successful receipt of Foreign Air Operator Certificates in Canada and Mexico. Additionally, the company has issued 220,000 restricted stock units to select directors and officers.

Global Crossing Airlines Group, Inc. (JETMF) has received allocation from the U.S. Department of Transportation for 508 round-trip charter flights in partnership with Havana Air, to commence by early November 2021, pending Cuban governmental approval. This collaboration supports GlobalX's strategy as a charter airline, leveraging its modern A320 and A321 aircraft for effective market service. Havana Air, with over 12 years of experience in Cuba travel, enhances service reliability and operational capacity.

Global Crossing Airlines Group, Inc. (JETMF) has signed a definitive agreement with ST Engineering Aerospace Resources to lease an Airbus A321 P2F freighter. This marks the first of up to five A321 freighters that will be leased from STE Aerospace Resources. The aircraft's conversion will occur at ST Engineering's San Antonio facility, starting in February 2022, with an expected entry into revenue service by October 2022. The A321 P2F is recognized as a significant advancement in the narrowbody freighter market.

Global Crossing Airlines Group (JETMF) announced a long-term lease agreement for four Airbus A321 Passenger-to-Freighter aircraft from Greenwich Highland Aviation. The first aircraft will begin conversion in January 2022 and is expected to enter service in July 2022. The second aircraft is slated for conversion in June 2022, with deployment in December 2022. CEO Ed Wegel expressed optimism about expanding the deal, while GHA's Stuart Peebles praised GlobalX's business plan execution. The partnership signifies a strategic move to enhance GlobalX's charter airline operations.

Global Crossing Airlines Group, Inc. (JETMF) announced the signing of letters of intent to acquire three Airbus A320 aircraft from two major lessors. The aircraft, previously operated by Virgin America/Alaska Airlines, are equipped with the latest technology WiFi. Following the execution of definitive lease agreements, the aircraft delivery will occur within the next 90 days. This acquisition marks a significant growth phase for GlobalX, improving service capabilities for its US market operations.

Global Crossing Airlines Group Inc. (JETMF) has partnered with Honor Flight South Florida to resume operations for honoring veterans. The first Honor Flight took off on September 12, 2021, carrying 71 veterans to Washington, D.C., providing complimentary travel and amenities. GlobalX made a one-time donation of $5,000 to support this initiative. The collaboration aims to offer veterans a memorable experience visiting memorials dedicated to their service and sacrifices, reinforcing the company's commitment to honoring their legacy.