MIAMI, Sept. 12, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that is has reached agreement to lease an additional A321 freighter for delivery in October 2023 from Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group, Inc. (Nasdaq: ATSG). […]
Demand and opportunity for one of the world’s fastest growing hybrid charter and cargo airlines was the theme of Ryan Goepel’s presentation at the recent Emerging Growth Conference. One comment essentially sums up the growth scenario when Mr. Goepel stated that, “we are probably turning down $4 to $5 million a month in work and […]
It’s been a record flying season for GlobalX with the company releasing details of the achievement today (September 5th) along with news that its 10th passenger aircraft is now in revenue service. The airline flew 4,900 block hours throughout July and August, a 55% increase over the same months in 2022. Further details of its […]
MIAMI, Sept. 05, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to provide an update on block hours operated in July and August, aircraft deliveries and contracts signed. “GlobalX operated over 2,500 block hours in July and approximately 2,400 block hours in August, bringing […]
Based on rising per plane utilization rates and climbing block hours flown, Ian Macqueen of Bancroft Capital has bumped his per share “fair value” range for GlobalX (NEO:JET | NEO JET.B | OTCQB:JETMF) Following the release of first quarter results this past May, he released a highly detailed report that looked at GlobalX’s operating metrics […]
With the financial tank full on the heels of a recent $35 million injection, a first half that saw revenues jump to $63.6 million compared to $33.8 million in 2022, GlobalX management is exuding confidence as it also bumped its base 2023 revenue forecast to $150 million. All amounts are USD. The Miami headquartered charter […]
MIAMI, Aug. 09, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) today reported second quarter 2023 financial results. All figures are in United States dollars and prepared in accordance with U.S. GAAP. Second Quarter 2023 Financial Results Total operating revenue for Q2 2023 was […]
MIAMI, Aug. 04, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to provide an update on block hours flown and announce its earnings release date for Q2 results. “GlobalX flew a record of 3,585 revenue block hours in Q2 2023 versus 2,108 in Q2 […]
MIAMI, Aug. 02, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the closing of the placement of US$35 million of Senior Secured Notes due 2029 (the “Financing”) with funds managed by Axar Capital Management LP and its affiliates (the “Investors”), a value-oriented […]
MIAMI, June 20, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) has taken delivery of its second A321 freighter and has placed it on the GlobalX operating certificate as of June 16. The Aircraft was converted under the Precision STC and leased from Greenwich […]