GLOBAL CRSSIG ARLINS NEW - JETMF STOCK NEWS

Global Crossing Airlines Group Inc. (JETMF) announced a new ACMI wet lease agreement to operate two Airbus A320 aircraft for TUI Airlines Netherlands, facilitating summer flights for European programs in July and August 2022. GlobalX will supply the aircraft and crew, marking a significant operational partnership with TUI, Europe's largest travel company. The deal aligns with TUI's seasonal demand for additional aircraft capacity. As a US-based airline, GlobalX is expanding its service offerings and aims to grow its business through this collaboration.

Global Crossing Airlines Group, Inc. (JETMF) announced the delivery of its seventh A320 aircraft, increasing its fleet to seven A320s and one A321. This A320 will enter revenue charter service shortly, generating approximately 1,600 ACMI revenue hours over July and August. Additionally, GlobalX plans to add three more A320 passenger aircraft and two A321 freighters this year, pending regulatory approvals. The expansion aims to enhance service across the US, Caribbean, and Latin American markets.

Global Crossing Airlines Group, Inc. (JETMF) has announced the signing of a second operating lease for an Airbus A321 aircraft with Greenwich Highland Aviation (GHA) for its Passenger-to-Freighter (P2F) program. The aircraft, MSN 1953, will begin conversion in July 2022 and is expected to enter service by January 2023. The company is excited about expanding its fleet, with the first A321F from GHA anticipated for delivery in September 2022. This move is part of GlobalX’s strategy to enhance its cargo operations and fleet capabilities.

Global Crossing Airlines Group (JETMF) announced a Memorandum of Understanding with FreightCloud and Hudson Highland Partners to develop e-commerce freight routes from China to the USA. FreightCloud, a major logistics provider, has successfully chartered over 3,000 flights, transporting 150,000 tons of cargo. The partnership will utilize GlobalX's A321 freighters starting Q1 2023 and later the A330 freighters. The agreements are pending regulatory approvals and documentation completion, indicating a significant move into the lucrative Asia-US cargo market.

Global Crossing Airlines Group, Inc. (JETMF) announces the addition of Helane Becker to its Advisory Board. Ms. Becker, a managing director at Cowen, brings over 40 years of airline industry experience and a strong record as a leading analyst. Her insights and extensive network are expected to support GlobalX's growth and strategic partnerships. The airline operates under US 121, focusing on passenger and charter services, with plans to enter the ACMI cargo market in 2022 pending regulatory approvals.

On May 23, 2022, Global Crossing Airlines Group (JETMF) announced a multi-year charter agreement for its first Airbus A321 Passenger-to-Freighter (P2F) aircraft with Avianca Cargo. This marks the initiation of GlobalX's XCargo™ division, with plans for 13 firm agreements and 7 additional commitments for A321 conversions by 2024. The A321 P2F offers 55% more containerized volume than the Boeing 737-800 freighter and 19% lower fuel burn than the Boeing 757-200 freighter, targeting dominance in the narrowbody cargo market.

Global Crossing Airlines Group, Inc. (JETMF) reported significant growth in its Q1 2022 operations, with total revenue increasing 46% to $16.3M compared to Q4 2021. The company signed $70M in contracts for 2022 and $76M for 2023, while projecting over $90M in revenue for 2022. Despite a net loss of $4.8M due to investments in fleet expansion and the impact of the Omicron variant, GlobalX is on track for profitability. The company is adding new A321 freighters and has commenced a partnership to train new pilots, positioning itself for future growth in cargo operations.

Global Crossing Airlines Group Inc. (JETMF) will release its Q1 2022 results on May 16, 2022, after market close. Following this, a Zoom webinar is scheduled for May 17, 2022, at 2:00 PM ET to discuss the business update and Q1 results. GlobalX operates as a domestic airline and charter service, primarily utilizing Airbus A320 family aircraft in the U.S., Caribbean, and Latin America markets. The company emphasizes its commitment to efficient operations and customer satisfaction.

Global Crossing Airlines Group Inc. (JETMF) will release its Q1 2022 financial results on May 16, 2022, after market close. A subsequent webinar on May 17, at 2:00 PM ET, will provide a business update and discussion of these results. Global Crossing Airlines operates a charter airline service using Airbus A320 family aircraft, targeting the U.S., Caribbean, and Latin American markets. Investors and interested parties can register for the webinar to gain insights into the company’s performance.