GLOBAL CRSSIG ARLINS NEW - JETMF STOCK NEWS

Global Crossing Airlines Group, Inc. (JETMF) has partnered with OSM Aviation Academy to create the XDirect™ program, enhancing pilot training and ensuring a pipeline of qualified First Officers for its Airbus A320 fleet.

The two-year advanced training will help graduates meet FAA requirements and transition smoothly into GlobalX. The program aims to train 15 pilots in the first year, increasing to over 30 annually in subsequent years, with a scholarship focus on promoting diversity in aviation.

Global Crossing Airlines Group (JETMF) reported significant milestones, including obtaining a US FAA Aircraft Operating Certificate and a Certificate for Foreign Charter Air Transportation. The company began revenue service in August 2021 with one Airbus A320 and added five more by year-end. With a revenue of $14.3M in its first operational year and a net loss of $19.8M, GlobalX anticipates exceeding $90M in revenue for 2022, supported by long-term contracts. The company aims for profitability by Q3 2022, driven by increased demand and a growing fleet.

Global Crossing Airlines Group (JETMF) has successfully closed a private placement of US$6.0 million in non-convertible debentures, primarily led by Alterna Capital Partners. The financing includes 4,838,707 warrants exercisable at US$1.24 each. The debentures carry a 15% annual interest rate, payable quarterly, with a maturity of 24 months. Proceeds will be allocated towards acquiring three A320 aircraft for charter operations and securing deposits for four A321F aircraft for future cargo operations. The deal involved a related party transaction, with a director's affiliate purchasing US$200,000 in debentures.

Global Crossing Airlines Group (JETMF) announced a US$6 million non-convertible debenture offering, led by Alterna Capital Partners with a US$2.5 million commitment. Each debenture has a 15% annual interest rate, maturing in 24 months, and includes a warrant for common stock shares at an exercise price of US$1.24. The proceeds will fund new A320 aircraft for passenger operations and four A321F aircraft for cargo operations by Q4 2022. The offering is subject to customary closing conditions, including stock exchange approval.

Global Crossing Airlines Group Inc. (JETMF) will host a Zoom webinar on March 31, 2022, at 2 PM ET to discuss its fiscal 2021 results and provide a business update. The airline emphasizes its operations as an ACMI and charter service focusing on the US, Caribbean, and Latin America markets with the Airbus A320 fleet. Investors are encouraged to register for the event via the provided link. The press release highlights the company's forward-looking information, outlining ambitions to expand its service offerings and detailing potential risks and factors that may affect future operations.

Eve UAM, LLC, a subsidiary of Embraer (NYSE: ERJ), has signed a Letter of Intent with Global Crossing Airlines (OTCQB: JETMF) to potentially order up to 200 electric vertical take-off and landing (eVTOL) aircraft. This order adds to Eve's existing backlog of 1,785 eVTOLs, with deliveries expected to commence in 2026. The partnership aims to develop Urban Air Mobility solutions, leveraging GlobalX's experience as a flag airline to enhance infrastructure and deployment in North America.

Global Crossing Airlines Group Inc. (JETMF) announced that its shares will begin trading on the NEO Exchange on March 16, 2022, after receiving final approval. The company will be delisted from the TSX Venture Exchange at the market's close on March 15, 2022. CEO Ed Wegel emphasized the achievement of operating six aircraft within 18 months and believes that this listing will enhance their visibility to investors and expand their shareholder base.

Global Crossing Airlines Group, Inc. (JETMF) has signed a long-term lease for two Airbus A321 P2F aircraft from Petrus Aerovista A321 Holdings LLC. The announcement was made at the ISTAT Americas Conference in San Diego. The first aircraft is set for conversion in Q1 2023, with service expected to commence in August 2023, and the second will begin conversion in Q2 2023, entering service by November 2023. The partnership with Aerovista aims to enhance GlobalX's operational capabilities in air cargo.

Global Crossing Airlines Group (JETMF) has partnered with Pacific Simulators to acquire an FAA Level 5 Airbus A320 Flight Training Device (FTD). This strategic move aims to enhance pilot training effectiveness, reduce costs, and improve scheduling flexibility. The device features authentic Airbus components for a realistic training experience. GlobalX plans to expand its fleet to ten A320/A321 aircraft and four freighters by year-end 2022, with delivery of the FTD scheduled for June 2022. The company continues to make significant advancements even amidst market challenges.