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Global Crossing Airlines (JETMF) is a leading airline company specializing in charter operations, aircraft leasing, and aviation services. With a focus on customer satisfaction and safety, Global Crossing Airlines has established a strong presence in the aviation industry. The company's recent achievements include successful expansions into new markets, strategic partnerships with key industry players, and a commitment to sustainable aviation practices. Their current projects involve fleet modernization, route optimization, and technological advancements to enhance the overall passenger experience. Financially stable and well-positioned for growth, Global Crossing Airlines continues to deliver exceptional service and value to its customers.
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Global Crossing Airlines Group, Inc. has reached an agreement to lease an additional A321 freighter for delivery in October 2023 from Cargo Aircraft Management, a subsidiary of Air Transport Services Group, Inc.
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Global Crossing Airlines Group announces agreement with Sheltair Aviation for new aircraft maintenance facility at Fort Lauderdale-Hollywood International Airport
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Global Crossing Airlines Group provides update on operations and contracts
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Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) reported second quarter 2023 financial results, with total operating revenue of $31.5 million, representing an 80.5% increase from Q2 2022. Adjusted EBITDAR was $5.3 million, while Adjusted EBITDA was approximately ($1.5) million. The company updated its revenue forecast to $150 million in 2023, a 54% increase over 2022, with $112 million of this revenue already contracted.
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Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) announces a 70% increase in block hours flown in Q2 2023 compared to Q2 2022. The number of hours flown per available aircraft also increased by 27% in the quarter. In July alone, the company flew over 2,500 block hours with 11 net available aircraft. The Q2 2023 earnings release and management update will be discussed on August 9th, 2023.
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Global Crossing Airlines Group, Inc. has closed a placement of US$35 million of Senior Secured Notes due 2029 with Axar Capital Management LP and its affiliates. The proceeds will be used to refinance existing debt, expand the fleet, and execute the growth plan. The Financing includes the sale of the Notes and warrants to purchase the Company's common stock. The terms of the Notes include a 6-year term, fixed interest rate of 15% per annum, and prepayment options starting in 2025. Andrew Axelrod from Axar Capital will join the Board of Directors of GlobalX.
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FAQ
What is the current stock price of GLOBAL CRSSIG ARLINS NEW (JETMF)?
The current stock price of GLOBAL CRSSIG ARLINS NEW (JETMF) is $0.49996 as of November 22, 2024.
What is the market cap of GLOBAL CRSSIG ARLINS NEW (JETMF)?
The market cap of GLOBAL CRSSIG ARLINS NEW (JETMF) is approximately 30.7M.
What is Global Crossing Airlines known for?
Global Crossing Airlines is known for its expertise in charter operations, aircraft leasing, and aviation services, with a strong focus on customer satisfaction and safety.
What are some recent achievements of Global Crossing Airlines?
Global Crossing Airlines has achieved successful expansions into new markets, established strategic partnerships, and shown a commitment to sustainable aviation practices.
What are the current projects of Global Crossing Airlines?
The company is currently focused on fleet modernization, route optimization, and implementing technological advancements to improve the overall passenger experience.
How is the financial condition of Global Crossing Airlines?
Global Crossing Airlines is financially stable and well-positioned for growth, ensuring that it continues to deliver exceptional service and value to its customers.
Who are the key executives of Global Crossing Airlines?
The key executives of Global Crossing Airlines include Ryan Goepel, the President and Chief Financial Officer, who can be contacted at ryan.goepel@globalxair.com or 786.751.8503.
How can I learn more about investment opportunities with Global Crossing Airlines?
For more information on investment opportunities, you can contact Ryan Goepel, the President & CFO, at JET@elevate-ir.com or 720.330.2829.
When is Global Crossing Airlines' Q1 2024 Conference Call?
Global Crossing Airlines' Q1 2024 Conference Call is scheduled for Tuesday, May 7, 2024, at 8:30 a.m. Eastern time. Dial (877) 704-4453 for the toll-free number or (201) 389-0920 for the international number, with Conference ID: 13746125.
Who should I contact for investor relations at Global Crossing Airlines?
For investor relations inquiries, you can contact Sean Mansouri, CFA, or James Bonifer via email at JET@elevate-ir.com.
What is the upcoming event about Global Crossing Airlines?
The upcoming event is the Global Crossing Airlines - Year End 2023 Earnings Release & Management Update, scheduled for March 6, 2024, at 2:00 PM Eastern Time. Register in advance at the provided link.
How can I participate in Global Crossing Airlines' webinars?
To participate in Global Crossing Airlines' webinars, you can register in advance using the provided links and receive a confirmation email with instructions on joining the webinar.
What is Global Crossing Airlines' focus on sustainability?
Global Crossing Airlines has a strong commitment to sustainable aviation practices, ensuring that it contributes to environmental conservation efforts and reduces its carbon footprint.
GLOBAL CRSSIG ARLINS NEW