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 […]
MIAMI, May 31, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) has appointed Top Flight Charters, led by Ryan Dohmen, as its exclusive Collegiate Charter Broker for the 2023/2024 season, committing 5 A320s in various configurations, including 2 All VIP 68 seat all business class aircraft. […]