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Global Crossing Airlines Announces Interim Order for Spin-Out of Canada Jetlines

May 25, 2021

MIAMI, FL., May 25, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the receipt of an Interim Order from the Supreme Court of British Columbia (the "Interim Order") in connection with their previously announced plan of arrangement (the "Arrangement") pursuant to which GlobalX will spin-out the shares of its wholly-owned subsidiary Canada Jetlines Operations Ltd. (“Jetlines”) to its shareholders. Having obtained the Interim Order, GlobalX has posted an Information Notice on SEDAR at www.sedar.com that contains all of the details regarding the Arrangement.

Each shareholder of GlobalX, as of the record date for the Arrangement (“Record Date”), will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. After distribution GlobalX will retain 25% of Jetlines shares, with 75% held by GlobalX shareholders as of the Record Date. GlobalX has determined that, subject to receipt of final approval from the Supreme Court of British Columbia the Record Date will be Thursday, June 24, 2021.

On the closing of the Arrangement, Jetlines and GlobalX will be operated as separate companies with separate management teams and Boards of Directors. For further details on the Arrangement and the business of Jetlines following the Arrangement, please refer to the Information Notice.

Additional Information

In order to comply with regulatory requirements for foreign control of a Canadian airline, Jetlines will establish a dual class share structure of Common Shares and Variable Voting Shares. Common Voting Shares carry one vote per share at meetings of shareholders of Jetlines. The number of votes for each Variable Voting Share is subject to adjustment in the event that foreign voting control limits are exceeded as prescribed by the Canada Transportation Agency. Common Voting Shares may only be owned or controlled by persons who are Canadians and Variable Voting Shares may only be owned or controlled by persons who are not Canadians. As a result Canadian shareholders of GlobalX will receive Common Voting Shares of Jetlines and non-Canadian shareholders of GlobalX will receive Variable Voting Shares of Jetlines. Going forward if additional Jetlines shares are purchased, such shares will be deemed to be automatically converted to Common Voting Shares when held by Canadians and to Variable Voting Shares when held by non-Canadians.

No fractional Jetlines shares will be distributed to the shareholders of GlobalX and, as a result, all fractional amounts arising under the Arrangement will be rounded down to the next whole number without any compensation therefor.

The completion of the Arrangement would not affect in any way the current shareholdings of shareholders in Global Crossing Airlines Group Inc. The completion of the Arrangement and distribution of any securities to shareholders in the new proposed company is subject to a number of conditions including the final approval of the British Columbia Supreme Court. There is no certainty the transaction will be completed on the terms currently proposed or at all and the Board of GlobalX may determine to not proceed with the Arrangement should there be a change in market conditions or investor interest or should another opportunity arise that would similarly enhance value for shareholders.

The securities to be issued under the Arrangement have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements. It is anticipated that any securities to be issued under the Arrangement will be offered and issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act of 1933 provided by Section 3(a)(10) thereof. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

About Canada Jetlines

Canada Jetlines is a Canadian Low Cost Carrier that intends to begin operations, pending CTA approval, as a Tour Operator with flights into popular sun destinations in the USA and Mexico. Canada Jetlines intends to operate a very efficient fleet of Airbus A320 Aircraft providing safe, reliable, friendly, and consistent service to Canadians.

For more information about everything Canada Jetlines, please visit https://www.jetlines.ca/


For more information, please contact:

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

or

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, the details of the spin-out of Jetlines, creation and business of Jetlines, timelines for the Record Date and Closing Date of the Arrangement and the distribution of shares of Jetlines to shareholders of the Company.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; failure to receive approval of the British Columbia Supreme Court for the Arrangement, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

ST Engineering Signs LOI to Lease Up to Five A321P2F Aircraft to Global Crossing Airlines

May 19, 2021

Singapore, 19 May 2021 – ST Engineering today announced the signing of a Letter of Intent by its Aviation Asset Management unit to lease up to five Airbus A321 Passenger-to-Freighter (P2F) aircraft to Global Crossing Airlines (GlobalX). As part of end-to-end Aviation Asset Management solutions, ST Engineering will also provide maintenance services to these aircraft for GlobalX over the period of the lease.

Subject to the signing of definitive agreements, ST Engineering will acquire the five Airbus A321 passenger aircraft on its own or through its joint venture companies, and finance these aircraft through a mix of equity and non-recourse debt. These aircraft will be converted and maintained at ST Engineering’s global facilities, with the first A321 aircraft to be converted in April 2022 and placed on lease in 4Q2022. The remaining four P2F aircraft will be converted and leased to GlobalX progressively.

“We are extraordinarily pleased and honoured to be working with ST Engineering on our fleet of A321P2F, which is a game changer in the air freight industry. We look forward to working very closely with ST Engineering, a world-class solution provider in aircraft maintenance and freighter conversion, and subsequently in other ways as we grow GlobalX,” said Ed Wegel, Chairman and CEO of GlobalX.

Yip Hin Meng, EVP/Head of Aviation Asset Management, ST Engineering, said, “We are delighted to be able to support GlobalX as they make their foray into the growing air freight market with our end-to-end Aviation Asset Management solutions. When working with ST Engineering, GlobalX can be assured of best-in-class solutions for these A321P2F aircraft’s entry into service and maintenance, all from a single life-cycle solution provider.”


ST Engineering is a global technology, defence and engineering group with offices across Asia, Europe, the Middle East and the U.S., serving customers in more than 100 countries. The Group uses technology and innovation to solve real-world problems and improve lives through its diverse portfolio of businesses across the aerospace, smart city, defence and public security segments. Headquartered in Singapore, ST Engineering reported revenue of $7.2b in FY2020 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.

Global Crossing Airlines GlobalX is a U.S. 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Say Huan Yuan
AVP, Group Corporate Communications
ST Engineering

Email: say.huanyuan@stengg.com
Tel: +65 6722 1678

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process and the number of aircraft GlobalX intends to lease and the completion of a definitive agreement for the lease of such aircraft.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

CANADA JETLINES HIRES BRAD WARREN AS VICE PRESIDENT OF MAINTENANCE

May 18, 2021

(JET: TSX-V; JETMF: OTCQB)

TORONTO, ONTARIO May 18, 2021 – Global Crossing Airlines Group, Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the hiring of Brad Warren as Vice President of Maintenance for its subsidiary Canada Jetlines Operations Ltd. (“Jetlines”).

Brad will be the Person Responsible for Maintenance (PRM), a key Transport Canada approved post, leading the development of the maintenance department through the certification process. Brad has more than 25 years of maintenance experience, most recently serving as Managing Director at Air Canada accountable for line maintenance with more than 1,800 maintenance technicians in Canada and globally. His prior experience includes Vice President of Maintenance for Air Georgian and Regional 1 airlines, including the role of PRM before taking a senior leadership role at Air Canada Rouge.

“Having worked previously with Brad, I know him to be a seasoned and skilled manager with extensive experience and industry knowledge. He is the ideal choice for the Vice President of Maintenance role for Canada Jetlines,” says Eddy Doyle, President of Jetlines.

About Global Crossing Airlines

GlobalX is a US Part 121 domestic, flag, and supplemental airline now in FAA certification using the Airbus A320 family of aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

About Canada Jetlines

Canada Jetlines is a Canadian Low Cost Carrier that intends to begin operations, pending CTA approval, as a Tour Operator with flights into popular sun destinations in the USA and Mexico. Canada Jetlines intends to operate a very efficient fleet of Airbus A320 Aircraft providing safe, reliable, friendly, and consistent service to Canadians.

For more information about everything Canada Jetlines, please visit https://www.jetlines.ca/


For more information, please contact:

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, Jetlines planned destinations and aircraft.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the completion of the the plan of arrangement for the spin-out of Jetlines the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Adds Former Congressman Bill Shuster to Its Board of Directors

Bill Shuster brings significant government experience in transportation and infrastructure

May 10, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., May 10, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the appointment of Bill Shuster to the GlobalX Board of Directors. He will fill one of the two board seats held by Ascent Global Logistics.

Congressman Shuster served in the US House of Representatives representing the Pennsylvania 9th Congressional District from 2001 until 2019. During that time, he served on several key committees, most notably the House Transportation and Infrastructure Committee. In 2013, Congressman Shuster because Chairman of the T&I Committee and held that position until his retirement in 2019. One of his key legislative initiatives was the FAA Re-Authorization Act of 2018, as well as spearheading significant legislation aimed at strengthening the infrastructure of America's air and rail transportation systems.

Congressman Shuster is currently a Senior Policy Advisor at Squire Patton Boggs in DC and provides strategic advice to clients on a wide range of public policy issues in transportation and infrastructure.

Prior to his Congressional career, Congressman Shuster was a successful business executive with multi-national experience and also was a small business owner. He holds a BA from Dickinson College and an MBA from American University in DC.

"We are honored to elect Congressman Shuster to our board, given his knowledge of and experience in our nation's government and specifically in transportation where he worked closely with both the US Dept. of Transportation and the Federal Aviation Administration. His expertise will ensure we maintain effective US governmental relationships within the regulatory framework, including Open Skies and other laws and regulations which directly affect our business," said Ed Wegel, Chair and CEO of GlobalX.

"I am delighted to join the GlobalX board at this crucial period in our nation's air transport system as we recover from the pandemic. GlobalX is uniquely positioned to grow in both the passenger and cargo charter markets, with a strong board and management team that I look forward to working with, as well as strong partners such as Airbus," added Congressman Shuster.

Chris Jamroz, Executive Chairman of Ascent, also commented, "With the appointment of Bill Shuster and Dave Ross to the board as part of the Ascent investment with their strong experience and unique perspective pertaining to aviation regulatory and compliance issues as well as the aviation industry in general, we have provided full support to Ed Wegel and the GlobalX team to succeed."

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company's intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process and future growth prospects.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits , and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines acquires crowdsource travel platform Flugy.com

May 7, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., May 7, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that it has completed its acquisition of democratized crowdsource travel platform Flugy.com (“Flugy”).

Flugy.com is an online travel platform whose members suggest remote and exotic travel destinations and crowdsource group charter flights to the these once in a lifetime destinations. Charter flights to these destinations offer non-stop flights without the challenges of layovers or prohibitive airline schedules, all while traveling with a like minded group of adventurers.

The acquisition combines the Flugy member platform with the deep charter operations expertise of the GlobalX leadership team and access to its growing fleet of Airbus A320 family of charter aircraft. The combination of technology and experience ensures Flugy members a seamless charter experience combined with the flexibility to easily access previously difficult flight markets. Flugy is currently accepting new members, and beginning to crowdsource its inaugural member destination preferences and requests. Initial group charters are now scheduled so members can experience Crop Over in Barbados (August 2021) and Art Basel in Miami (December 2021). In 2022, Flugy has lined up Carnival in Trinidad and the first Formula 1 Grand Prix in Miami.

“The acquisition of Flugy is an integral part of our business plan to diversify our revenue streams and to provide more demand for our A320 aircraft. We believe crowdsourcing of travel, given what we have all gone through over the past year, is the next big idea in using on-line booking platforms to bring together travelers to enjoy specific experiences that they help create,” said Ed Wegel, Chair and CEO of GlobalX.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

About Flugy

Flugy is an on-demand, democratic, crowdsourcing model for air travel. The social network is designed to bring like-minded travelers together through direct, chartered flights to lesser-traveled destinations.

For more information, please visit www.flugy.com


For more information, please contact:

Mark Salvador
Chief Marketing Officer
Global Crossing Airlines

Email: ryan.goepel@globalxair.com
Tel: 786.751.8510

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, the details of the business of Flugy including potential destinations and the Company’s diversification of revenue.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Announces Closing of US$10 Million Financing with Ascent Global Logistics, Inc.

April 29, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., April 29, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that it has closed its previously announced US$10 million equity offering (the “Offering”) from Ascent Global Logistics, Inc. (“Ascent”). Ascent is a leading logistics, transportation and supply chain solutions provider. Ascent-On-Demand operates the largest domestic expedited air charter operation in North America, as well as USA Jet and Rambler Air, airlines in the US with more than 30 aircraft in total.

Pursuant to the Offering, Ascent purchased 2,000,000 units (each a “Unit”) at a price of US$1.29 per Unit for gross proceeds of US$2,580,000. Each Unit is comprised of one share of Common Stock (each, a “Share”) and one purchase warrant of the Company (each, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share of the Company (each, a “Warrant Share”) at a price of US$1.50 per Warrant Share until April 29, 2026. Ascent also purchased 5,537,313 Units at a price of US$1.34 per Unit for gross proceeds of US$7,419,999.42. Each Unit is comprised of one share of non-voting Class A Common Stock (“Class A Shares”) and one Warrant. Each Warrant will entitle the holder thereof to acquire one Share, and with other terms and conditions identical to the Warrant described above.

The Class A Shares are convertible into Shares on a one-for-one basis upon written notice to the Company; provided, however, that the Class A Shares may not be converted to the extent that, after giving effect to such conversion, the holder thereof, or any of its affiliates, collectively, would beneficially own in excess of 4.99% in the aggregate of the issued and outstanding Shares after such conversion.

The Company intends to use the proceeds of the Offering to complete the FAA certification process, accelerate its growth plans with the planned acquisition of additional A320 family aircraft, to prepare for cargo charter operations later in 2021 and for general corporate and working capital purposes.

In connection with the Offering, the Company has appointed, as a nominee of Ascent, David G. Ross to its Board of Directors. David serves as Chief Strategy Officer at Ascent and was previously the Head of Transportation and Logistics Equity Research at Stifel Nicolaus.

No finder’s fees were paid in connection with the Offering. The securities issued in the Offering are subject to a TSX Venture Exchange hold period that expires on August 30, 2021.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Ascent Global Logistics

As a leading transportation and supply chain solutions provider, Ascent Global Logistics focuses on simplifying logistics. Through its Domestic, International and On-Demand offerings, Ascent helps its clients with supply chain management by providing customized solutions, premium customer service and state-of-the-art technology.

For more information, please visit the Ascent Global Logistics website https://www.ascentgl.com/

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements the use of proceeds of the Offering, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, and the completion of the FAA certification process.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Announces US$10 Million Financing with Ascent Global Logistics, Inc.

April 21, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., April 21, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce a US$10 million equity offering (the “Offering”) from Ascent Global Logistics, Inc. (“Ascent”). Ascent is a leading logistics, transportation and supply chain solutions provider. Ascent-On-Demand operates the largest domestic expedited air charter operation in North America, as well as USA Jet and Rambler Air, airlines in the US with more than 30 aircraft in total.

According to Ed Wegel, the Chair and CEO of GlobalX, “We are delighted to welcome Ascent to our investor group. Their investment signals their strong confidence in the management team and our strategic plan, and the funds will be used to accelerate our growth with additional A320s added to our fleet in 2021 and to prepare for A321 freighter aircraft later this year. As well, we see strong synergies with Ascent’s logistics capabilities and robust freight network.”

Added Chris Jamroz, Executive Chairman of Ascent, “We evaluated entering the charter air market on our own, and realized we were much better off partnering with GlobalX instead. This is the team to back and the time to do so. We look forward to working closely with GlobalX as they pounce on the tremendous growth opportunities they have.”

Pursuant to the Offering, Ascent will subscribe for and purchase 2,000,000 units (each a “Unit”) at a price of US$1.29 per Unit for gross proceeds of US$2,580,000. Each Unit is comprised of one share of Common Stock (each, a “Share”) and one purchase warrant of the Company (each, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share of the Company (each, a “Warrant Share”) at a price of US$1.50 per Warrant Share until the date which is 60 months following the closing date. Ascent will also subscribe for and purchase 5,537,313 Units at a price of US$1.34 per Unit for gross proceeds of US$7,419,999.42. Each Unit is comprised of one share of Class A Common Stock and one purchase warrant. Each Warrant will entitle the holder thereof to acquire one Share, and with other terms and conditions identical to the Warrant described above.

The Company intends to use the net proceeds of the Offering to accelerate its growth plans with the planned acquisition of additional A320 family aircraft and to prepare for cargo charter operations later in 2021.

In connection with the Offering, Ascent will have the right to nominate two directors to the Company’s Board of Directors. The Offering is non-brokered and is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Ascent Global Logistics

As a leading transportation and supply chain solutions provider, Ascent Global Logistics focuses on simplifying logistics. Through its Domestic, International and On-Demand offerings, Ascent helps its clients with supply chain management by providing customized solutions, premium customer service and state-of-the-art technology.

For more information, please visit the Ascent Global Logistics website https://www.ascentgl.com/

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, and the completion of the FAA certification process.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Provides Details on Spin-Out of Canada Jetlines

GlobalX Shareholders to Receive One Share of Canada Jetlines for Every Two Shares of GlobalX

April 20, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., April 20, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to provide an update on the spin-out of Canada Jetlines Operations Ltd. (“Jetlines”), by plan of arrangement, to its shareholders (the “Transaction”). GlobalX and Jetlines have entered into an Arrangement Agreement pursuant to which the ownership interest of Jetlines will be distributed to the shareholders of GlobalX. Each shareholder of GlobalX, as of the record date for the Transaction (“Record Date”), will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. After distribution GlobalX will retain 25% of Jetlines shares, with 75% held by GlobalX shareholders as of the Record Date. On the closing of the Transaction, Jetlines and GlobalX will be operated as separate companies with separate management teams and Boards of Directors (see below for additional information).

Figure 1 - Canada Jetlines Livery

Transaction Details

The transaction will be carried out by way of statutory plan of arrangement pursuant to the Canada Business Corporations Act (“CBCA”). Under the terms of the Transaction, GlobalX will distribute 75% of the shares of Jetlines to GlobalX’s shareholders as of the Record Date and retain a 25% interest in Jetlines. Each shareholder of GlobalX as of the Record Date will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. Jetlines intends to operate as a Canadian charter airline once applicable regulatory approvals are in place and the Transaction is essential to achieve compliance with foreign ownership and control restrictions applicable to Canadian airlines.

Subsequent to the completion of the Transaction, the Company intends to complete a private placement financing of Jetlines and seek a listing of the Jetlines shares on the TSX Venture Exchange, but no assurance can be provided that such financing will be completed or that a listing will be obtained. Any such listing will be subject to Jetlines fulfilling all of the requirements of the applicable stock exchange.

The Record Date has not yet been determined but will be announced in a future press release. GlobalX expects that the Record Date, and closing of the Transaction, will occur prior to the end of Q2, 2021. The Jetlines shares will be subject to resale restrictions with 50% of the Jetlines shares being subject to escrow at the time of completion of the spin-out and released in twelve months.

Management and Directors

Jetlines has identified an experienced management team and Board of Directors to lead its business:

Management

Eddy Doyle, Chief Executive Officer – Captain Doyle has over 35 years experience in aviation. He started his career as a pilot in the Canadian Air Force before joining Air Canada in 1989. He has over 11,000 hours flying experience, having flown Airbus and Boeing aircraft domestically and internationally. At Air Canada he was responsible for nearly 4,000 pilots, dispatchers, load agents, and administrative staff. He played a crucial role in the Air Canada restructuring process of 2004, the negotiation with the pilots’ union of the agreement that allowed the creation of Rouge and major cost control improvements. He served in many management roles during his career at Air Canada such as: Chief Pilot Member of the management team responsible for the Air Canada bankruptcy restructuring process and Vice President Flight Operations. After retiring from Air Canada, Captain Doyle took the position of Deputy-CEO at Bamboo Airways in Vietnam, where he helped launch the airline. He helped grow the airline to 25 aircraft (A320 & B787) by the end of its first year in operation. Additional accomplishments include obtaining the IATA Operational Safety Audit certificate; achieving the best on-time performance in Vietnam and being recognized by the Vietnam Economic Times as the Best Service Airline in Vietnam

Duncan Bureau - Commercial Advisor – Duncan has a vast experience in commercial aviation, having previously served in several key roles in the industry including: Senior VP Sales & Distribution at Etihad, President Air Canada Rouge, Global Vice President Sales & Distribution Air Canada, Senior VP Global Sales & Distribution at Malaysia Airlines and VP Sales & Partnerships at WestJet.

Vic Charlebois - VP Flight Operations – Vic has over 35 years experience in the industry and was previously employed by Jetlines as VP Flight Operations for two years. He is the primary author of several of the critical AOC manuals that will be submitted to Transport Canada. He has previously served in the same role with First Air, Zoom Airlines and Canada 3000 after an 18 year career in the Canadian Air Force.

Board of Directors

The Honourable Jean Charest - As the former Deputy Prime Minister of Canada and Premier of Québec, Jean Charest is one of Canada’s most recognized political figures. He was first elected to Canada’s House of Commons in 1984 and by 1986 he became the youngest person to be named to cabinet when he assumed the role of Minister of State for the Youth. He was notably the initiator of the negotiation for the Canada-European Union Comprehensive Economic Trade Agreement (CETA). As Minister of the Environment, he led Canada’s delegation at the 1992 Earth Summit on the economy and the environment in Rio and was praised for his leadership role among G7 countries on climate change and biodiversity. The Charest government has been a world leader on the environment and climate change, and best known for a major initiative for the sustainable development of Northern Québec called “Plan Nord”. Furthermore, the Charest government initiated an unprecedented labour mobility agreement between France and Québec. Under his leadership, Québec experienced a sustained period of economic prosperity with stronger economic growth from 2008 to 2012 than the rest of Canada, the U.S and Europe despite a global financial and economic crisis.

In 2017-2018 Jean Charest led a year long consultation and delivered a report entitled ”Vision 2025” about the future of the aerospace industry in Canada on behalf of the Aerospace Industry Association of Canada (AIAC). In 2019, he was named Special envoy for the Canadian Prime Minister in the race to win a seat on the United Nations Security Council. More recently, he joined the Wilson Center border task force which studies the issue of US-Canadian cross border travel restrictions. Jean Charest is a Partner at McCarthy Tétrault.

Ravinder Minhas – Ravinder Minhas has a Bachelor of Science in Oil & Gas Engineering from the University of Calgary. After completing his degree, along with his sister Manjit, he co-founded Minhas Breweries and Distilleries which they grew to a company with sales in five Canadian provinces, 41 states and 19 countries. In 2002, Ravinder and his sister incorporated Mountain Crest Brewing Company in Alberta to create and sell premium beer at discounted prices. In 2006, they became the youngest brewery owners in the world after purchasing the second oldest brewery in the U.S, Joseph Huber Brewing Company in Wisconsin, which they renamed to "Minhas Craft Brewery". The Minhas Craft Brewery is now ranked in the Top 10 breweries largest breweries in America. Ravinder has a passion for the arts and in 2012 he co-founded Spotlight Television & Film, a company that produces scripted, documentary and reality programs with over 480 hours of national and award winning television content. In addition to his passion for arts, Ravinder’s strong sense of community and social responsibility led him to serve as a board member of the Calgary Stampede.

David Kruschell - David Kruschell is President & CEO at Frontier Lodging Solutions, a workforce and corporate lodging company based in Calgary, Alberta. David has an extensive knowledge of the travel industry having held several key executive positions in this sector over his career. Prior to Frontier Lodging, David was Senior Vice President, Client Management & Consulting at Direct Travel, a leader in travel management in north America, employing over 725 travel professionals in Canada. David started his career in travel in 1994 at the Rider BTI Travel Group and held the role of Vice President, Western Canada from 1996 to 2000. David then embarked on an entrepreneurial path acting as partner and President in a series of UNIGLOBE branded businesses. David was able to grow each business through client acquisition and mergers culminating in 2014 with the creation of UNIGLOBE One Travel. By 2018 the company had grown to over 600 corporate clients and over $300 million in annual sales. In 2018, David and his partners sold Uniglobe One Travel to Direct Travel of Denver, CO.

Additional Information

The completion of the Transaction would not affect in any way the current shareholdings of shareholders in Global Crossing Airlines Group Inc. The completion of the Transaction and distribution of any securities to shareholders in the new proposed company is subject to a number of conditions including the approval of the British Columbia Supreme Court and receipt of required regulatory approvals, including the Director of the CBCA. There is no certainty the transaction will be completed on the terms currently proposed or at all and the Board of GlobalX may determine to not proceed with the Transaction should there be a change in market conditions or investor interest or should another opportunity arise that would similarly enhance value for shareholders.

Further details on the Transaction will be provided in subsequent news releases.

The securities to be issued under the Transaction have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements. It is anticipated that any securities to be issued under the Transaction will be offered and issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act of 1933 provided by Section 3(a)(10) thereof. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel
EVP and CFO
Global Crossing Airlines Group, Inc.

Email: ryan.goepel@globalxair.com
Tel: 786.751.8503 (o)

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, the details of the spin-out of Jetlines, creation and business of Jetlines, timelines for the Record Date and Closing Date of the Transaction, and the distribution of shares of Jetlines to shareholders of the Company.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; failure to receive approval of the British Columbia Supreme Court for the Transaction, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

SmartLynx and Global Crossing Airlines Announce Expanded Strategic Partnership

March 16, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., March 16, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) ”) and SmartLynx Airlines (“SmartLynx”) have announced an expanded partnership with the goal of creating new opportunities and increasing global operating coverage. The airlines previously announced a damp-lease exchange of airlines during peak traffic movement periods, beneficial to both airlines in reaching their goals.

To date, there has been operational cooperation in several areas during GlobalX’s FAA certification. The areas have included several aspects for the regulation and improvement of both passenger and cargo operations. The expanded strategic partnership between SmartLynx and GlobalX opens doors for cargo cooperation, better region coverage, and for new possibilities to offer clients mutual services.

SmartLynx Airlines are EU-based specialists in full-service ACMI aircraft leasing solutions on Airbus A320 and A321 aircraft. The airline is part of the Avia Solutions Group, the largest aerospace business group in Central and Eastern Europe.

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft, subject to FAA and DOT approvals.

According to Ed Wegel, the Chair and CEO of GlobalX, “Our partnership with SmartLynx has already paid great dividends as we have used their deep experience with the A320 family of aircraft to improve our operations as we get ready for revenue service. We now look forward to taking this partnership to the next level by combining our sales and service efforts worldwide, and as well consulting on acquiring both passenger and cargo aircraft.”

Acknowledging the expanded partnership SmartLynx CEO, Zygimantas Surintas said: “Synergy with GlobalX is to bring results in several aspects, and benefits for both us, and our strategic partner. SmartLynx brand is already established in the ACMI and charter market, but working on competitive advantage is a constant effort. Joining forces with GlobalX will enable both companies to execute business strategies with lower operational risks and costs, creating additional value for our customers and attracting new ones. Additionally, we are happy to share our valuable know-how and industry experience, assisting GlobalX to improve their efficiency and results. The partnership is a step forward in our strategic plans for the cargo business model and plans of becoming one of the largest narrow-body cargo freight carriers within the next three years.”

About Smartlynx

SmartLynx Airlines is one of the leading EU based ACMI and charter operators on Airbus A320 and A321 aircraft. The company’s market expansion plans are to be complemented by the expected FAA approval for the SmartLynx Malta subsidiary.

SmartLynx Airlines is a family member of Avia Solutions Group, the largest aerospace business group from Central & Eastern Europe in 2019, providing aviation services and solutions worldwide.

Avia Solutions Group provides state-of-the-art solutions to the aviation industry and beyond.

For more information please visit https://www.smartlynx.aero/

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Snezana Tomic
Brand and Communications Manager
Email: snezana.tomic@smartlynx.aero

For Global Crossing Airlines (GlobalX)

Mark Salvador
Chief Marketing Officer
Global Crossing Airlines Group, Inc.

Email: Mark.salvador@globalxair.com
Tel: 786.751.8510

Jeff Walker
Vice President
The Howard Group

Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with the use of proceeds of the Offering, the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the details of the expanded partnership with SmartLynx and operation as a freight carrier.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs Cooperation Agreement with Estelar Airlines

February 17, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., February 17, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) ”) is pleased to announce that it has signed a cooperation agreement with Estelar Airlines based in Caracas, Venezuela (the “Agreement”). Under the terms of the Agreement, the two airlines will work closely to re-establish daily non-stop service from Miami to Caracas and three flights per week to Maracaibo, with GlobalX Airbus A320 aircraft.

Currently, direct air service between the US and Venezuela is prohibited under US government and Dept. of Transportation orders. GlobalX anticipates that these restrictions will be removed over the next few months. Accordingly, GlobalX has retained Mercury LLC, a public policy firm based in Washington DC to assist with consultations with the US government and to ensure compliance with all applicable government restrictions.

“We look forward to working with the owners and management of Estelar, in accordance with all regulatory and governmental regulations, to help them re-establish their services to Miami.” said Ed Wegel, Chair and CEO of GlobalX.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

About Mercury

Mercury is a high-stakes, bipartisan public strategy firm. The firm provides a comprehensive suite of services that includes federal government relations, international affairs, digital influence, public opinion research, media strategy and a bipartisan grassroots mobilization network in all 50 states. Our firm is not just led by top talent — we distinguish ourselves by having senior talent deeply engaged in each project from start to finish, a promise we keep to clients. The firm has an established global presence, with U.S. offices in Washington, D.C., New York, California, New Jersey, Ohio, Pennsylvania, Florida, Montana, Texas, Iowa, South Carolina and Tennessee, as well as international offices in London and Mexico City. Mercury is a part of the Omnicom Public Relations Group.


For more information, please contact:

Mark Salvador, Chief Marketing Officer – Global Crossing Airlines Group, Inc.
Email: Mark.salvador@globalxair.com
Tel: 786.751.8510

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with the use of proceeds of the Offering, the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the completion of the FAA certification process, the details of the agreement with Estelar Airlines and the removal of air travel restrictions to Venezuela.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; the timely removal of air travel restrictions to Venezuela and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; the risk the removal of air travel restrictions to Venezuela is delayed or does not occur; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Group Participating At Stifel 2021 Virtual Transportation & Logistics Conference and To Provide Monthly Progress Report

February 3, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FL., February 3, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) announces that it will participate in Stifel 2021 Virtual Transportation & Logistics Conference being held on February 9-10, 2021. Ed Wegel, Founder and CEO, and Ryan Goepel, EVP and CFO, will virtually present an overview of the Company and provide an update on our progress in a webinar on Wednesday, February 10th, at 2:40 PM ET.

A live audio webcast of the Company’s presentation will be available at https://wsw.com/webcast/stifel34/jet.v/2180514 with a replay available for 90 days following the live event, accessible at https://globalairlinesgroup.com/investor_portal.html .

For more information on the Transportation & Logistics Conference, please contact your Stifel representative or GlobalX’s IR team at jeff@howardgroupinc.com .

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, and the completion of the FAA certification process.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines elects T. Allan McArtor as Vice Chairman of its Board of Directors

January 28, 2021

(JET: TSX-V; JETMF: OTCQB)

MIAMI, FLORIDA, January 28, 2021 – Global Crossing Airlines Inc. (JET: TSX-V) (the "Company" or "GlobalX") is pleased to announce the appointment of former Airbus North America Chairman - Mr. T. Allan McArtor to the GlobalX Board, where he will serve as Vice Chairman.

“We are honored that Allan has agreed to join us as Vice Chairman,” said Ed Wegel, Chair and CEO. “He brings to our board a significant knowledge base in three crucial areas- US FAA regulatory practices, airline flight and maintenance operations, and Airbus aircraft platforms.”

In addition, he has founded a start up airline and brings that experience to our team. We have asked him to work with our pilot group as they train to fly our Airbus A320, as well as our maintenance teams to fully understand the capabilities of the A320 family.”

“I am delighted to join the board of GlobalX and share my deep experience in the airline business with this management team. I look forward to helping them finish their FAA certification and growing this airline with Airbus aircraft to take advantage of the market opportunities the team has identified,” said Mr. McArtor

T. Allan McArtor has had a long career in the airline and aerospace industry. He was Chairman of Airbus North America from 2001-2018, overseeing all aircraft marketing and sales, governmental affairs and customer support and training. Before joining Airbus, Mr. McArtor founded and served as Chairman and CEO of scheduled air carrier Legend Airlines at Dallas Love Field.

From 1979-1994 he served as Senior Vice President at Fed Ex Corp, overseeing the company’s global airline operations, including maintenance, training and planning, the acquisition of Flying Tigers air cargo airline and the introduction of the A300-600 freighters. During that time, he served as Administrator of the US Federal Aviation Administration (FAA) from 1987-1989, modernizing the air traffic control system and restoring the public’s trust in the US air transportation system.

He graduated as Cadet Wing Commander from the Air Force Academy (“AFA”) in 1964 and holds an MS in Engineering from Arizona State. While on active duty with the Air Force, he was a decorated combat pilot in Vietnam, taught engineering at the AFA and capped his career as a pilot with the world famous “Thunderbirds” Aerial Demonstration Team.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations the Company intends to service, the completion of the FAA certification process and market opportunities.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines names Dean of the University of Miami Business School To its Board of Directors

January 26, 2021

(JET: TSX-V)

MIAMI, FLORIDA, January 26, 2021 – Global Crossing Airlines Inc. (JET: TSX-V) (the "Company" or "GlobalX") pleased to announce the appointment of Mr. John Quelch to the GlobalX Board, moving from the Advisory Board. He will be working with GlobalX’s board and management on current trends in corporate governance, leadership and executive and team training.

"Dean Quelch served on our Advisory Board and provided our team with his experience and insights, and as we move closer to revenue operations, we wanted him to serve on our regular board to complement the skills and experience of our other directors. We are honored he has agreed to do so." said Ed Wegel, Chair and CEO.

"I am delighted to serve on the full board of GlobalX and continue to provide advice and guidance to this management team. We have some exceptional opportunities in front of us as the airline and aviation sectors continue to evolve and I look forward to working with the entire team." said Dean Quelch.

Mr. Quelch is a professor and dean of the University of Miami Herbert Business School. He has previously held leadership positions at Harvard Business School, London Business School, and the China Europe International Business School.

From 2002-2011, Dean Quelch was Chairman of the Board of the Massachusetts Port Authority, overseeing three airports and the seaport of Boston.

He has previously served on the boards of Reebok and Easyjet, plc, one of the leading low cost airlines in Europe operating the Airbus A320 and as a consultant to American Airlines.

Dean Quelch was appointed Commander of the Order of the British Empire (CBE) in the 2011 Queen's Birthday Honours for services to the promotion of British business interests and prosperity. He was awarded the Ellis Island Medal of Honor in the US in 2020.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

GLOBALX TAKES DELIVERY OF ITS FIRST AIRBUS A320 AT MIAMI INTERNATIONAL AIRPORT

January 19, 2021

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FL. – January 19, 2021 – Global Crossing Airlines Group, Inc., operating as “GlobalX” (JET: TSX-V; JETMF: OTCQB), today announced it has taken delivery of its first Airbus A320 aircraft, marking the beginning of the new passenger and cargo airline.

“We are thrilled to take delivery of our first A320 aircraft here at our base at MIA. We are building our airline around Airbus with the A320 and 321 in passenger configuration, and later this year with the first of many A321 cargo aircraft. We hope to operate the Airbus A330 aircraft as well. Today is a testament to the outstanding work of the GlobalX team as we continue to certify as a US flag carrier,” said Ed Wegel, Chairman and CEO.

The aircraft arrived at its new base, Miami International Airport, on Sunday afternoon and was welcomed with a ceremonial water cannon salute upon landing. This marks the first delivery of two aircraft scheduled for the first quarter of 2021.

GlobalX’s first A320 aircraft came freshly painted in its signature blue and green livery. The aircraft comfortably accommodates 180 passengers in an all Economy Class configuration, and features a large cargo hold capable of accommodating generous passenger baggage allowances. Upon completion of its FAA certification which is expected by late first quarter 2021, the A320 aircraft will immediately begin passenger charter operations throughout the United States, Caribbean, and Latin America.

"We extend our sincere thanks and appreciation to the leadership and team at GlobalX for their trust in Airbus and our A320 aircraft family. It’s an honor to welcome a new A320 and A321 operator in North America and support them throughout their expansion," said Airbus Americas Chairman and CEO Jeff Knittel.

"We look forward to a great relationship with GlobalX into the future,” he added.

GlobalX will provide charter airlift for major airlines, tour operators, professional and collegiate sports teams, casinos, and corporate groups. It will also operate direct to consumer charters under its own Part 380. The airline will operate from two bases at Miami International Airport (MIA) and Atlantic City International Airport (ACY).

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to initially fly as an ACMI and wet lease charter airline serving the US, Caribbean, and Latin American markets.

For more information please visit https://www.globalxair.com/


Media Contacts:

Bertha Diaz / Holly Zawyer
Zapwater Communications

Tel: 305.444.4033
bertha@zapwater.com

holly@zapwater.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process, the delivery of aircraft, the operation of A330 aircraft in the future and the details of the Company’s potential future customers.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Announces Financing to Complete Certification

January 15, 2021

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, January 15, 2021 – Global Crossing Airlines Inc. (JET: TSX-V;JETMF: OTCQB) (the "Company" or "GlobalX") announces that it intends to undertake a non-brokered private placement to raise up to a maximum of US$5.0 million (the "Offering"). The Offering consists of units issued at US$0.62 (approx. Cdn$0.80) per unit (each a "Unit"). Each Unit consists of one share of common stock (each a "Share") and one warrant (each a "Warrant"). Each Warrant entitles the holder thereof to purchase an additional Share for US$1.00 (approx. Cdn$1.27) for a period of 27 months after closing.

The Company intends to use the net proceeds of the Offering to substantially complete the FAA certification process, substantially meet the US DOT economic fitness test, make aircraft deposit or lease payments, and for general corporate and working capital.

The Offering is non-brokered, but the Company may pay finder’s fees on certain subscription in an amount equal to 7% cash and 7% finder’s warrants exercisable for Shares. The Offering is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.444.4033

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process and details regarding pilot recruitment and training.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Completes Jurisdiction Change to the US and starts First Pilot Class Training

December 22, 2020

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, December 22, 2020 – Global Crossing Airlines Inc. (JET: TSX-V;JETMF: OTCQB) (the "Company" or "GlobalX") announces that it has achieved two major milestones in its progress towards certification.

GlobalX received FAA approval and authorization of its training programs for Pilots, Flight Attendants and Dispatchers and Maintenance Technicians. With this approval, GlobalX will proceed with an in person training start date in Miami of January 4, 2021 for this first class of Pilots, with computer based training for initial training modules starting week of December 28.

“We are pleased to welcome our first class of pilots to GlobalX. The addition of these highly skilled and tenured professionals, along with the domestication to Delaware as required under US Dept. of Transportation regulations, are required steps for GlobalX to be certified as a US airline. With these milestones now achieved, GlobalX turns to on the next steps in the certification process in preparation for the launch of A320 charter operations in 2021,” said Juan Nunez, VP – Flight Operations.

Additionally, GlobalX completed the change of its jurisdiction of incorporation from the Province of British Columbia, Canada to the State of Delaware (the “U.S. Domestication“). In connection with the U.S. Domestication, the Company has also changed its name to “Global Crossing Airlines Group Inc.”. The Company will continue to trade on the TSX Venture Exchange (“TSXV”) under the symbol “JET” and on the OTCQB under the symbol “JETMF”. Trading in the shares of common stock of the Company as a Delaware corporation and under the new name will commence at market open on the date specified in the final TSXV bulletin that will be issued in connection with the name change and U.S Domestication. The U.S. Domestication also better reflects from a commercial perspective the Company’s U.S.-based business and operations.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/


For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.444.4033

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the timeline to commencement of its charter flights, the completion of the FAA certification process and details regarding pilot recruitment and training.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Closes GEM Drawdown

December 18, 2020

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, December 18, 2020 – Global Crossing Airlines Inc. (JET: TSX-V;JETMF: OTCQB) (the "Company" or "GlobalX") announces that it has completed another draw down (the “Draw Down”) under the GEM Facility in accordance with the GEM Agreement as previously disclosed (see the news release dated May 6, 2020 for further information with respect to the GEM Agreement).

Pursuant to the Draw Down, on December 18, 2020 GEM Global Yield LLC SCS was issued 158,071 common voting and variable voting shares (“Shares”) of GlobalX at a price of $0.791 per Share (the “Share Price”) for gross proceeds of $125,035.74 and will be reflected as restricted cash on the balance sheet as the proceeds are to be used for airplane deposits. The Shares are subject to a statutory hold period expiring on April 19, 2021.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.444.4033

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline and the destinations of its intended charter flights.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Launches its First Tour Operator, CubaX

December 15, 2020

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, December 15, 2020 – Global Crossing Airlines Inc. (JET: TSX-V;JETMF: OTCQB) (the "Company" or "GlobalX") announces that it has formed its first tour operator under part 380 of the U.S. Department of Transportation’s (DOT) regulations.

CubaX will initially apply to operate daily charter flights to Havana, Cuba from Miami International Airport and will utilize GlobalX aircraft to operate the flights, starting in 2021.

“The launch of CubaX is designed to allow Global Crossing to diversify its revenue streams and create demand for its charter aircraft by providing seats in the important Miami to Havana market,” said Mark Salvador, Chief Marketing Officer of GlobalX.

“We are uniquely positioned to operate these flights on behalf of CubaX, given the vast experience of our flight crews and management in operating to Cuba,” said Juan Nuñez, Vice President of Flight Operations & COO of GlobalX.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information please visit www.globalxair.com.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.444.4033

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights and the timeline to commencement of its charter flights.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Appoints New President of Its Canada Jetlines Affiliate

December 14, 2020

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, December 14, 2020 – Global Crossing Airlines Inc., operating as "GlobalX" (JET: TSX-V;JETMF: OTCQB) is pleased to announce, effective January 1, 2021, the appointment of Captain Eddy Doyle as President of its Canada Jetlines affiliate. Captain Doyle will lead the development and certification of Canada Jetlines as a Canadian charter airline, operating the Airbus A320 family of aircraft.

Eddy Doyle has more than 35 years of aviation experience, first as a Canadian Air Force officer and later in a long career with Air Canada, culminating in his position as Vice President of Flight Operations directly responsible to Transport Canada and overseeing over 3,000 pilots and dispatchers. After retirement from Air Canada, he served as Deputy CEO and board member of Bamboo Airways, where he led the regulatory certification and growth to 25 Airbus family aircraft in its first year of operations, gaining IOSA certification and recognized as best Service Airline in Vietnam.

“Captain Doyle is the right person to lead the Canada Jetlines launch, given his experience with over 11,000 hours in the cockpit and his extensive management experience with the national airline of Canada, and one of the most successful start up airlines in Asia,” said Ed Wegel, Chairman and CEO of GlobalX. “This announcement represents a major milestone for GlobalX as we move forward with our plans to spin out Canada Jetlines.”

As a result of its merger with Canada Jetlines, GlobalX acquired all of the assets and intellectual property of Jetlines. GlobalX will retain a controlling interest in Canada Jetlines and is evaluating distributing this residual ownership interest in Canada Jetlines to its shareholders on a pro-rata basis. The completion of this transaction would not affect in any way the current shareholdings of shareholders in GlobalX.

“I am very excited to lead this effort to bring Canada Jetlines into the air with the support of GlobalX. The time is right for a new alternative for vacationing Canadians as we look at initially serving South Florida, the Caribbean, and Mexican markets,” added Captain Doyle.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to initially fly as an ACMI and wet lease charter airline serving the US, Caribbean, and Latin American markets.

For more information please visit https://www.globalxair.com/

The completion of the spin out of Canada Jetlines transaction and distribution of any securities to shareholders in the new proposed company is subject to a number of conditions including the completion of legal and tax structuring analysis, identification of a suitable shell company, completion of financing and receipt of required regulatory approvals. There is no certainty the transaction will be completed on the terms proposed or at all. Further details will be provided in subsequent news releases.

The Company will also issue a total of 95,000 restricted share units (“RSUs”) to officers.

About Canada Jetlines

Canada Jetlines Operations Ltd. is a subsidiary of Global Crossing Airlines and will be a new entrant airline in Canada, with the intention to apply for Transport Canada certification using the Airbus A320 family aircraft. Initially Canada Jetlines will utilize Global Crossing Aircraft until certified. Subject to Transport Canada approvals, Canada Jetlines intends to initially fly as an ACMI and wet lease charter airline serving the Canada, US, Caribbean and Latin American markets.

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.444.4033

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the certification as a US scheduled flag carrier, the details of the spin-out of Canada Jetlines, creation and business of Canada Jetlines, future collaboration with Canada Jetlines, the distribution of shares of Canada Jetlines to shareholders of the Company, and the licensing process for Canada Jetlines with Transport Canada.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs operating lease agreement for second Airbus A320 family aircraft

December 10, 2020

(JET: TSX-V)
(JETMF: OTCQB)

MIAMI, FLORIDA, December 10, 2020 – Global Crossing Airlines Inc. (JET: TSX-V;JETMF: OTCQB) ("GlobalX") is pleased to announce the signing of an operating lease agreement for its second aircraft, GlobalX’s first Airbus A320-200 (the “Aircraft”), with Dubai Aerospace Enterprises (“DAE”).

The Aircraft, a 2005 vintage, is scheduled to be delivered to GlobalX in late December, 2020. Delivery will occur after routine inspection/acceptance flights and completion of the painting of the Aircraft in GlobalX livery. The painting slot has been reserved at IAC in Amarillo, Texas.

The Aircraft was specifically selected by GlobalX to initiate its services to Latin America (subject to governmental approvals) and was previously operated by a major US airline which allows for a more efficient FAA conformity and entry into service.

GlobalX continues the development of its A320 family passenger and cargo aircraft fleet plans, as it moves into the final phases of its certification as a US scheduled flag carrier

“We are grateful to DAE, a major world class aircraft leasing company, for their support of our vision and business plan. This A320 perfectly complements our plans for our initial charter operations. We look forward to bringing this aircraft into our fleet and continuing to build our commercial relationship with DAE.” said Ed Wegel, Chairman and Founder of GlobalX.

“We are delighted to welcome GlobalX as our newest customer and are very pleased to support them with their fleet expansion ambitions. We look forward to building a long term relationship and wish GlobalX success with their growing operations”, said Firoz Tarapore, Chief Executive Officer of DAE “

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to initially fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

About Dubai Aerospace Enterprise

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation with two divisions: Aircraft Leasing and Engineering. Headquartered in Dubai, DAE serves over 125 airline customers in over 60 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.

DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally.

For more information please visit https://www.dubaiaerospace.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 305.869.4780

Holly Zawyer, Zapwater Communications
Email: holly@zapwater.com

Tel: 305.505.0312

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the details of the Aircraft delivery date, GlobalX’s intentions with respect to additional aircraft, and the completion of the certification as a US scheduled flag carrier.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Uplists to OTCQB Venture Market

December 7, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, December 7, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the "Company" or "GlobalX") is pleased to announce that it has been approved to up-list from the OTC Pink® to the OTCQB® Venture Market, with its shares to commence trading on the exchange beginning Monday, December 7, 2020, under the symbol, "JETMF." The shares will continue to be dual listed, trading on the TSX Venture Exchange under the symbol "JET."

“ Joining the OTCQB elevates GlobalX’s profile in the investment community, which we expect to improve liquidity and broaden our shareholder base,” said GlobalX’s Chair and CEO Ed Wegel. “It represents the next step in our capital and corporate development strategy, which is designed to build shareholder value as we continue with our charter airline build-out and certification process in the U.S.”

Operated by The OTC Markets, the OTCQB is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for U.S. investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.

About the OTCQB Venture Market

The OTCQB Venture Market is operated by OTC Markets Group, which also operates the OTCQX Best Market and the Pink Open Market, which collectively trades more than 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, OTC Markets connects a diverse network of broker-dealers that provide liquidity and execution services. The platform enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

For more information please visit http://www.otcmarkets.com

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, and the completion of airline buildout and the FAA certification process.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Estimates Delivery of First Cargo Aircraft in June 2021

November 25, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, November 25, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce that it estimates the delivery of its first A321F, as part of the Vallair LOI announced October 20, 2020, will be June 2021. In addition to this delivery, GlobalX is close to finalizing the leases for its first two previously announced passenger aircraft expected to be delivered in December 2020 and January 2021. To help fund the deposits on these two planes, GlobalX has completed another draw down (the “Draw Down”) under the GEM Facility in accordance with the GEM Agreement as previously disclosed. (See the news release dated May 6, 2020 for further information with respect to the GEM Agreement.)

Pursuant to the Draw Down, on November 24, 2020 GEM Global Yield LLC SCS was issued 138,000 common voting and variable voting shares (“Shares”) of GlobalX at a price of $0.8442 per Share (the “Share Price”) for gross proceeds of $116,499.60 and will be reflected as restricted cash on the balance sheet.

Ryan Goepel EVP and CFO of GlobalX stated “we are happy to continue to work with GEM as they continue to support our progress. The true benefit of working with our GEM facility is that it allows us to draw the amounts needed at the right time to fund our certification and aircraft acquisitions.”

GlobalX is also pleased to announce that Management will host its monthly update through a Zoom webinar on Tuesday, December 1 at 2:30 PM EST. Interested parties are encouraged to register below.

When: December 1, 2020 – 02:30 PM Eastern Time

Topic: Global Crossing Airlines Management Update

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_hqaLG4kpTpetchFFynZEXA

After registering, you will receive a confirmation email containing information about joining the webinar.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the timelines for delivery of cargo and passenger aircraft, the use of proceeds of the drawdown and the creation of a cost efficient and performance focused airline.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines signs for first Airbus A320 passenger aircraft and moves into Phase 3 of its FAA 121 Certification

November 17, 2020

(JET: TSX-V)

MIAMI, FLORIDA, November 17, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) is pleased to announce the signing of a letter of intent and payment of the initial deposit for its first A320-200 (the “Aircraft”), under an operating lease to be concluded with Dubai Aerospace Enterprises (“DAE”).

The Aircraft, a 2005 year build previously operated by a major US airline, is expected to be delivered to GlobalX in late December, 2020. Delivery will occur after signing of the definitive lease agreement and the painting of the Aircraft in GlobalX colors. The slot for the painting has been reserved at IAC in Lake City, Florida.

The Aircraft was specifically selected by GlobalX to initiate scheduled charter services to Latin America, subject to all governmental approvals, and was previously operated by a US airline under N registration, which allows for a more efficient and timely entry into service.

GlobalX continues the development of its A320 passenger and A321 passenger and cargo aircraft fleet plans, as it continues its progress in Phase 3 of its certification as a US scheduled flag carrier. This phase primarily involves verification of all Operations and Maintenance systems by the FAA and the beginning of the training for all pilots, flights attendants, dispatchers and mechanics.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to initially fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the details of the Aircraft delivery date, GlobalX’s intentions with respect to additional aircraft, and the details regarding and completion of the FAA certification process.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, failure to conclude a definitive lease agreement, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to completion of the FAA certification process, the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines announces Intention to Change Jurisdiction of Incorporation to Delaware to Complete Licensing Process

October 28, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, October 28, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) announces that it has filed a management information circular pursuant to which the Company proposes to change its jurisdiction of incorporation from the Province of British Columbia, Canada to the State of Delaware (the "U.S. Domestication") pursuant to a "continuance" effected in accordance with Section 308 of the Business Corporations Act (British Columbia) and a concurrent "domestication" effected in accordance with Section 388 of the General Corporation Law of the State of Delaware.

The U.S. Domestication is required for the Company to complete its charter licensing process and it will also better reflect the Company's U.S.-focused business and operations.

The Company has scheduled a Special Meeting of shareholders (the “Meeting”) to approve the U.S. Domestication. The Meeting is scheduled for December 1, 2020 at 10:00 a.m. (PST). Additional details are set out in the notice of Meeting, management information circular and proxy statements provided in connection with the Meeting (the “Meeting Materials”) which are available on SEDAR at www.sedar.com.

It is the intention of the Company to hold the Meeting at the location stated in this Notice of Meeting. However, due restrictions and recommendations regarding public meetings and social distancing measures as a result of COVID‐19, shareholders and other guests are strongly encouraged not to attend in person at the Meeting. Given concerns regarding COVID‐19 and to mitigate risks to the health and safety of our communities, the Company encourages shareholders to vote in advance of the Meeting and reminds them that proxy voting instructions are included in the Meeting Materials. Anyone who wishes to attend the Meeting in person must follow the instructions set out in the Meeting Materials.

The Company has also issued a total of 560,000 restricted share units (“RSUs”) to directors, officers, employees and consultants. 50% of the RSUs vest on the date that is two years from the date of grant and the remaining 50% vest on the date that is three years from the date of grant.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalxair.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalxair.com

Tel: 786.751.8503

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline and the completion of the U.S. Domestication.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of licenses and permits; an inability to realize expected benefits of the U.S. Domestication or the occurrence of difficulties in connection with the U.S. Domestication; adverse tax consequences in connection with the U.S. Domestication for the Company, its operations and its shareholders, that may differ from the Company's expectations, including that future changes in tax law, potential increases to corporate tax rates in the United States and disagreements with the tax authorities on the Company's determination of value and computations of its tax attributes may result in increased tax costs; the occurrence of material Canadian federal income tax as a result of the U.S. Domestication; the impact of uncertainty associated with the U.S. Domestication on the Company's business; direct or indirect costs associated with the U.S. Domestication, which could be greater than expected; the risk that a condition to completion of the U.S. Domestication may not be satisfied and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs Maintenance Support Agreement with U.S.-based Spirit Airlines

October 27, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, October 27, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) has signed an initial agreement with Spirit Airlines (NYSE: SAVE), a U.S.-based airline that operates A320 family aircraft (including the new A320neo) and serves destinations across the U.S., Latin America and the Caribbean. Spirit will provide on-call and line maintenance for GlobalX, including daily and weekly checks, in support of the GlobalX fleet of A320 and A321 aircraft. The contract will commence in December when GlobalX expects to take delivery of its first A320 and A321 aircraft.

Chris Toro, VP-Tech Ops of GlobalX, stated “We are very pleased to be working with Spirit and have them support us, particularly through the final stages of our certification as we get ready to fly our A320 aircraft in proving runs for our flag carrier certificate. Spirit runs a world-class airline, and we expect to learn from their best practices in A320 maintenance.”

Kirk Thornburg, Vice President of Technical Operations for Spirit Airlines, stated “We look forward to supporting GlobalX through their certification and as they begin revenue charter operations both at Miami International Airport and at select Spirit maintenance stations.”

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving U.S., Latin America and Caribbean markets.

For more information please visit https://www.globalairlinesgroup.com/

About Sprit Airlines

Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the details of the Spirit agreement including services to be provided and timelines, the completion of the certification process and the commencement of revenue charter operations.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Provides Details of Monthly Investor Update and Announces Exercise of Warrants

October 20, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, October 20, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce that Management will host its monthly update through a Zoom webinar on Thursday, October 22 at 1:30 PM EST. Interested parties are encouraged to register below.

When: October 22, 2020 – 01:30 PM Eastern Time

Topic: Global Crossing Airlines Management Update

Register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_L9Aa8fVwT6OsIQd4iE51GA

After registering, you will receive a confirmation email containing information about joining the webinar.

In addition, the Company is also please to confirm that 830,000 warrants have been recently exercised by shareholders for gross proceeds of Cdn$415,000. This includes an exercise of 50,000 warrants by Ed Wegel, Chair and CEO of the Company.

The Company also announces that it has retained the services of Hybrid Financial Inc. (“Hybrid Financial”) for strategic investor relations initiatives. The initiatives will include marketing, distribution, and branding services for the Company with a specific focus on elevating the Company’s profile via investment advisors in the United States and Canada.

Pursuant to the agreement Hybrid Financial will receive a monthly retainer of Cdn$22,500.00. The agreement is for an initial term of six months, following which the agreement is renewed for subsequent three-month renewal terms until terminated. The Company will pay the monthly fee from its cash on hand. The agreement is subject to the approval of the TSX Venture Exchange.

Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal. Additional information about Hybrid Financial can be found at www.hybridfinancial.com. Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the services. Hybrid Financial Inc. holds 1,560,000 shares of the Company.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process and the services to be provided by Hybrid Financial.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Management Releases New Global Crossing Airlines Livery and Details of Monthly Investor Update

October 20, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, October 20, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) has signed an LOI with Vallair, the mature aircraft and asset specialist based in Luxembourg, (and launch lessor for the Airbus A321 freighter conversion or A321F), to lease ten converted A321 freighter aircraft. This deal represents the most significant transaction to convert A321s to freighter to take place within the air cargo industry.

The first GlobalX A321 will be delivered by the third quarter of 2021. GlobalX expects all ten (10) A321F aircraft to be delivered and in revenue operation by the second quarter of 2023.

The COVID-19 pandemic has seen a surge in market demand for air cargo as operators struggle to fulfill the ever-increasing requirements of e-commerce. The A321F is the ideal candidate to satisfy this need due to the availability of feedstock, with around 1,100 aircraft manufactured, and younger Airbus technologies utilized by the aircraft resulting in a fuel efficient, environmentally friendly freighter variant. The A321F is the best aircraft type, based on range, payload capability and operating cost to satisfy the need for additional narrow body freighter aircraft. On average, Vallair expects operators to see a 20% reduction in fuel burn per payload.

“This is a unique deal undertaken by Vallair, and we are excited to be entering into partnership with GlobalX,” says Alistair Dibisceglia, Chief Leasing Officer at Vallair. “The A321F is proving to be the aircraft of choice for cargo operators world-wide. As well as offering a higher volumetric capacity, the lower cargo hold on the A321F allows for the transit of ten containers in addition to the fourteen cargo positions available on the upper cargo deck. This ability to offer containerized cargo is a real selling point for the A321F as it increases efficiency by reducing turn-around times and facilitates the weight and balance calculations.”

Gregoire Lebigot CEO of Vallair, commented, “The focus of this deal for Vallair has been to make the air cargo capacity available in the Americas and we are trusting that the very experienced management of GlobalX will be successful to maximize this opportunity. It is our intention that by providing the cargo capacity to a Miami based operator, we can pave the way for freight forwarders in Northern, Southern and Central America to meet the ever rising market demands for air cargo.”

“We are excited to sign this LOI with Vallair, and believe they are the perfect partner for us as we enter the cargo sector.” says Ed Wegel, CEO of GlobalX. “This is an unparalleled opportunity, and we are uniquely positioned to maximise the potential. Over the next six months, we intend to secure aircraft contracts for both our current and future needs through to the end of 2022 and in agreeing this lease, Vallair has enabled us to achieve this – certainly from a freighter perspective. Our focus has always been on utilizing the efficiencies of A320 family aircraft and these pioneering A321 conversions by Vallair have allowed us to extend this to our cargo capability. We are excited for the future and look forward a mutually beneficial partnership.”

The letter of intent is subject to certain conditions including the completion of definitive documentation, receipt of regulatory approvals and completion of the FAA certification process and all US DOT approvals.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

About Vallair

Vallair provides integrated support for mature aircraft, engines and major components. Seven complementary business units are founded upon engineering excellence: trading & leasing, cargo conversions, component support, aircraft MRO, engines, aerostructures & painting, and aircraft disassembly. These offer aircraft operators and owners worldwide cost-effective solutions to extend the life of their assets or dispose of them in an economically beneficial and environmentally acceptable way.

Vallair is a leading player in the trading and leasing of A320 family, ATR and B737 aircraft and has been engaged in cargo conversions since 2015 and this ground-breaking agreement with GlobalX will see the Company take its pioneering A321 freighter programme to the next level.

Vallair signed its first LOI for the A321F in August 2019 with Qantas Freight and saw the maiden flight of its prototype A321F take to the skies in February 2020. The partnership with Global X will be a testament to Vallair’s expertise and experience, as a lessor and within the cargo conversion sector, with Global X’s commitment to expansion and progression as an ACMI leader especially in the U.S.

For more information please visit www.vallair.aero

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Vallair Contact:
Email: leasing-trading@vallair.aero

Vallair
EBBC Bloc B, 6 rue de Trèves; L-2633 Senningerberg G/D of Luxembourg
Tel: +352.2610.3967

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the terms of the transaction with Vallair, the number of aircraft to be leased, the timelines for delivery and revenue operations, the benefits of the A321, the timeline to secure aircraft contracts and the Company’s cargo capabilities.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; the completion of definitive agreements with Valliar and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Management Releases New Global Crossing Airlines Livery and Details of Monthly Investor Update

September 29, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, September 29, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce that Management will host its monthly update through a Zoom webinar on Thursday, October 1 at 2:00 PM EST. Interested parties are encouraged to register below.

Management’s presentation will include a discussion of the forecasted future economics of GlobalX’s operations, the September 23rd announcement regarding conversion of five A231’s to cargo and the Company’s new Livery (branding).

When: October 1, 2020 – 02:00 PM Eastern Time

Topic: Global Crossing Airlines Management Update

Register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_IPPeZkrKQW-0U87UhiKPvQ

After registering, you will receive a confirmation email containing information about joining the webinar.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs LOI to Convert Five (5) Airbus A321s to Freighter

September 23, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, Sept. 14, 2020, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) has signed a Joint Venture Agreement (the “JV”) with Global Aviation Services, Inc. of Toronto, Ontario, Canada (“GAS”), a leading supplier of aircraft ground and passenger handling capabilities with over 45 airline clients and operating at airports in both Canada and the United States.

The JV will launch GlobalX Ground Team™, which will initially provide all of the ground and passenger handling requirements for GlobalX Airlines at airports in the US (including Miami, Ft. Lauderdale and Atlantic City), and internationally (including Toronto, Montreal and Nassau, Bahamas) and will provide expansion to other airports as GlobalX prepares for its launch as a Airbus A320 charter airline. Each of GlobalX and GAS will hold a 50% interest in the JV. No shares of GlobalX are being issued in connection with this transaction.

Ed Wegel, Chairman of GlobalX, stated “We are very pleased to be working with GAS to create this JV. It will allow us to establish Ground Team™ to not only handle GlobalX requirements but eventually other airlines as well.”

Added Juan Nunez, VP-Operations for GlobalX, “This JV with GAS will allow us to better control and fully integrate the handling of our aircraft, above and below wing, to ensure the highest standards for passenger and ramp handling are met and exceeded, and increase our efficiency and reduce our costs.”

Carm Borg, Founder and Chairman of the Board of GAS, said "We are very excited about this new partnership for ground handling with GlobalX and we are excited to welcome them to our growing list of airlines and to our Global Family. The potential for GAS to expand our footprint with GlobalX is great, and we look forward to contributing to the success of this new venture."

Colin Saunders, Chief Executive Officer of GAS added "We are thrilled about this new venture with GlobalX. We are positioned well to provide great service for GlobalX passengers and we are eager to get started! We look forward to showcasing our "ABOVE and BEYOND" values with our new airline partners."

About GlobalX Ground Team™

GlobalX Ground Team is a joint venture company to be established, owned and managed by Global Crossing Airlines, Inc. (Miami, FL, USA) and Global Aviation Services, Inc. (Toronto, Ontario, Canada) to provide ground handling services for GlobalX aircraft at airports in the US, Canada, and the Caribbean, and to offer ground and other handling services to other airlines at those airports.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

About Global Aviation Services, Inc.

In business since 2009, Global Aviation Services, Inc. and Global Aviation Services USA, Inc. has been providing quality services for both Domestic and International Airline partners throughout Canada and the United States. Baggage handling, passenger services, aircraft interior and exterior cleaning, and Airport Customer Assistance are some of the services GAS provides to its 45 Airline Customers from around the world.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights and airport expansion, and the details of the JV including its business, standards, efficiency and costs.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs Joint Venture Agreement with Leading Ground and Passenger Handling Company

September 14, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, September 23, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) is pleased to announce the signing of a letter of intent with ST Engineering’s subsidiaries, ST Engineering Aerospace America, Inc. and Elbe Flugzeugwerke GmbH, for the conversion of five Airbus A321 passenger aircraft to freighter. Subject to signing definitive agreements and the completion of the acquisition of the aircraft, the aircraft will be converted at ST Engineering’s facilities.

GlobalX has signed a letter of intent to acquire an initial four Airbus A321s from a major European airline and is working on additional A321 acquisitions. The letter of intent, which is subject to definitive documentation, forecasts a delivery of these four aircraft by the third quarter of 2021.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

About ST Engineering Airlines

ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 23,000 people across offices in Asia, U.S., Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 700 smart city projects across 130 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $7.9b in FY2019 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index.

About EFW

Elbe Flugzeugwerke GmbH (EFW), joint venture between ST Engineering and Airbus combines various aviation and technology activities under a single roof: development and manufacturing of fibre-reinforced composite components for aircraft structures and interiors of the entire Airbus family, the conversion of passenger aircraft into freighter configuration, maintenance and repair of Airbus aircraft as well as engineering services in the context of certification and approval.

EFW is the centre of excellence for Airbus freighter conversions, with more than 20 years of experience, over 200 converted freighters delivered to over 40 customers worldwide and with being STC holder for all present Airbus conversion programs. The company has a workforce of about 1,600 employees and achieved revenues of approximately €300 million in 2019. For more information about EFW, please visit www.efw.aero.

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the acquisition of aircraft by the Company and the details of the transaction with ST Engineering’s subsidiaries.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Announces Plans for Spin-Out of Canada Jetlines Operations

September 8, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, September 8, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce its intention to spin-out its 100% owned Canada Jetlines Operations Ltd. subsidiary to an existing shell company and renaming it Canada Jetlines Vacations (“CJV”). Subject to concluding satisfactory terms, GlobalX intends to provide CJV with aircraft and crews to fly Vacation charters to Florida, Atlantic City and the Caribbean. GlobalX will retain a controlling interest in CJV and is evaluating distributing this residual ownership interest in CJV to its shareholders on a pro-rata basis.

“We believe Canadians seek more alternatives when it comes to airlines and vacation providers,” stated Ed Wegel, Chairman and CEO of Global X. “We believe by creating a stand-alone public company committed to serving the Canadian market represents a unique opportunity and will ultimately bring to fruition the long term vision of our original Canada Jetlines shareholders to provide choice to Canadians when it comes to vacation and air travel.”

Mr. Wegel added “we have identified funding sources to complete the proposed transaction, subject to completion of a public listing of Canada Jetlines Vacations and other customary conditions”.

The completion of this transaction would not affect in any way the current shareholdings of shareholders in Global Crossing Airlines Inc. The completion of this transaction and distribution of any securities to shareholders in the new proposed company is subject to a number of conditions including the completion of legal and tax structuring analysis, identification of a suitable shell company, completion of financing and receipt of required regulatory approvals. There is no certainty the transaction will be completed on the terms proposed or at all. Further details will be provided in subsequent news releases.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel, EVP and CFO
Email: ryan.goepel@globalairlinesgroup.com

Tel: 305.869.4780

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the details of the spin-out of Canada Jetlines Operations Ltd., creation and business of CJV, future collaboration with CJL Operations and the distribution of shares of CJL Operations to shareholders of the Company.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, receipt of financing necessary to complete the spin-out of Canada Jetlines Operations Ltd., a suitable shell company is identified, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines signs for first Airbus A321 passenger aircraft

August 28, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, August 28, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) pleased to announce the signing of a letter of intent for its first A321-200 (the “Aircraft”), under an operating lease with Magnetic Leasing.

The Aircraft, a 2005 year build previously operated by a major government owned Asian airline, is expected to be delivered to GlobalX in December 2020. Delivery will occur after signing of definitive lease documents and painting the Aircraft in GlobalX colors at IAC in Lake City, Florida.

This aircraft was specifically selected by GlobalX to initiate its services to Cuba, subject to governmental approvals, and planned as the first aircraft that will eventually be converted to freighter configuration. GlobalX is currently negotiating the acquisition of additional A321 aircraft for conversion to freighters as part of its overall strategic plan to become a narrowbody A321 freighter operator.

GlobalX continues the development of its A320 fleet plan and expects to announce the closing of additional aircraft under lease and purchase contracts in the next 15 days.

“We are grateful to Magnetic Leasing for their support of our vision and business plan. This A321 complements our plans for our initial charter operations. Magnetic is a dynamic and entrepreneurial company very much like GlobalX intends to be, and we look forward to working with them on this delivery and additional aircraft.” said Ed Wegel, Chairman and Founder of GlobalX.

“We are delighted to have signed with GlobalX, said Alex Vella, COO of Magnetic Leasing. “They have an impressive management team which has developed a business plan to challenge the status quo and create excitement at a time when the industry is depressed. We are honoured to provide the first leased aircraft to GlobalX to help launch their International operations and look forward to developing and expanding our partnership for many years to come.“

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

About Magnetic Leasing

Magnetic Leasing is an international aviation leasing company specializing in aviation asset management and leasing. With an in-house maintenance organization and a global customer network, the company focuses on mid-life Airbus A320 Family and Boeing 737 NG aircraft, as well as their engine and landing gear systems. Magnetic provides total technical care and asset management solutions.

For more information please visit www.MagneticLeasing.com

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the details of the Aircraft delivery date, and GlobalX’s intentions with respect to additional aircraft.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Completes Initial Draw Down on GEM Facility and Releases Details of Management Monthly Update

August 26, 2020

(JET: TSX-V)

MIAMI, FLORIDA, August 26, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce that the initial draw down (the “Draw Down”) has been completed under the GEM Facility in accordance with the GEM Agreement as previously disclosed. (See the news release dated May 6, 2020 for further information with respect to the GEM Agreement.)

Pursuant to the Draw Down, GEM Global Yield LLC SCS was issued 473,714 common voting and variable voting shares (“Shares”) of GlobalX at a price of $0.8937 per Share (the “Share Price”) for gross proceeds of $423,358.20. The dilution to shareholders from this funding is approximately 1.7%. The Share Price reflects an approx. 160% increase from the share price at the restart of trading on June 24th. GlobalX will use the funds to complete Phase 2 requirements under its plan of certification with the FAA, including the implementation of airline specific software systems for flight operations and maintenance, as well as initial deposits for A320 aircraft.

GlobalX EVP/CFO, Ryan Goepel stated “This first draw of funds under the GEM facility was very efficient, and shows our ability to tailor the amount of each draw to specific operational requirements, minimizing shareholder dilution while allowing us to meet on a timely basis our funding needs going forward.”

Management will host its monthly update through a Zoom webinar on Monday, August 31 at 3:00 PM EST. Interested parties are encouraged to register below.

Register in advance for this webinar: advance for this webinar: https://us02web.zoom.us/webinar/register/WN_9W5eNz_5TEmDKzh32yH03w

After registering, you will receive a confirmation email containing information about joining the webinar.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the use of proceeds of the drawdown and the creation of a cost efficient and performance focused airline.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines CFO Ryan Goepel to Present at the LD 500 Virtual Conference

August 25, 2020

(JET: TSX-V)

LOS ANGELES, CA / ACCESSWIRE / August 25, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) soon to launch as the premier Charter/ ACMI airline in North America, today announced that CFO Ryan Goepel will present at the LD 500 virtual investor conference on Friday, September 4th at 9:20 AM EDT / 6:20 AM PDT.

GlobalX is a new entrant airline now in phase 2 FAA certification. Subject to FAA and DOT approvals, GlobalX intends to fly Airbus A320 aircraft, acquired at favorable current market rates, as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

Charter and ACMI air options are predicted to grow in popularity as legacy mainline airlines, which have dramatically cut capacity, will focus on primary destinations, while GlobalX Charter/ ACMI offers point-to-point options. Additionally, the Company’s charter operations provide the opportunity for a group to know all passengers flying on board for added peace of mind. Key customers are planned to be leisure charters, major college sports teams, casino-contracted charters, tour operators, supplemental support for existing carriers, as well as US government operations.

For more information please visit https://www.globalairlinesgroup.com/

Register here https://ld-micro-conference.events.issuerdirect.com/

"We have been waiting for this moment all year long. Due to COVID, it has been nearly impossible for physical conferences to even take place. I want to show the world that you can still learn, have a great time, and see some of the most unique companies in the capital markets today. All without having to step foot outside. For the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the space.” stated Chris Lahiji, Founder of LD.

The LD 500 will take place on September 1st through the 4th.

View GlobalX’s CFO Ryan Goepel’s profile here: https://www.globalairlinesgroup.com/management.html

News Compliments of Accesswire.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the acquisition of aircraft at favorable market rates, the destinations the Company intends to service, and the details of the Company’s expected passengers and customers.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Adds Senior Airline IT Executive Edgar Green

GlobalX will fully digitize to drive maximum efficiency and performance

August 5, 2020

(JET: TSX-V)

MIAMI, FLORIDA, August 5, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTC) (the “Company” or “GlobalX”) is pleased to announce the appointment of Mr. Edgar Green as Head of Information Technology (IT).

Mr. Green comes to GlobalX with over fifteen years of direct low cost airline related IT experience with two major US LCC airlines. Mr. Green spent over seven years at Allegiant Airlines where he served as Director, Enterprise Program Management Office which allowed the senior management team to drive greatly improved decision making with its large scale/cross-functional enterprise-level solutions. He also modernized the electronic flight bag, maintenance mobile app and other data driven operations.

Prior to Allegiant, Mr. Green served for seven years as Senior Manager IT Quality Assurance at Spirit Airlines where he worked to implement new IT systems within the airline’s operations to drive higher levels of profitability.

Mr. Green will be instrumental in building GlobalX’s IT infrastructure to achieve a total digitization of the airline from charter flight planning, crew planning, maintenance control as well as on the ramp and in the cockpit. These efforts will lower GlobalX costs by allowing for reduced headcount, increased efficiencies, and support an overall best-in-class organization.

GlobalX CFO Ryan Goepel commented on the appointment, “As we move closer to FAA certification, we continue to add tenured, experienced aviation professionals to the GlobalX team and welcome Edgar Green as Head of IT. Together we are building the most cost efficient and performance-focused passenger airline for our charter customers and investors.”

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, its intention to use Atlantic City as a hub and destination, the development of programs for cruise lines and planned operations in the Bahamas.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Chairman, CEO & Founder Ed Wegel to Share Progress with Investors on FAA Certification process, Aircraft Procurement, Charter & Airline Relationships

July 24, 2020

(JET: TSX-V)

Miami, Florida--(Newsfile Corp. - July 24, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") pleased to announce that its Chairman, CEO and Founder Ed Wegel will be sharing an update with Investors and channel partners on the meaningful milestones and progress the business has made to-date, as well as its steady and planned runway for take-off, growth and profitability.

  • Date: Tuesday July 28th 02:00 PM Eastern Time (US and Canada)

All Investors are invited to join the meeting for the presentation, to be followed by a question and answer session:

Topic: Global Crossing Airlines CEO Provides Update On Business Progress

Time: Jul 28, 2020 02:00 PM Eastern Time (US and Canada)

Join Zoom Meeting:
https://us02web.zoom.us/j/88998256683/

Meeting ID: 889 9825 6683

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Find your local number:
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About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company's intention to fly as an ACMI and wet lease charter airline, its intention to use Atlantic City as a hub and destination, the development of programs for cruise lines and planned operations in the Bahamas.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Builds Marketing and Sales Team: Mark Salvador Joins the Airline Group as Vice President of Charter Marketing

July 23, 2020

(JET: TSX-V)

Miami, Florida--(Newsfile Corp. - July 23, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Mark Salvador as Vice President of Charter Marketing.

Mr. Salvador comes to GlobalX with over 17 years of experience in the travel industry with successful tenures at Carnival Cruise Lines, where he served as Global Head of Business Development for six cruise brands, The Palms Resort in Las Vegas, where he served as VP-Marketing, and Caesars Entertainment, where he was National Director of Marketing. In these positions, Mark has worked with and developed air charter programs for some of the world's leading travel brands.

Mr. Salvador will be instrumental in building GlobalX's Atlantic City operation, planned operations in the Bahamas, as well as developing charter programs for the world's major cruise lines.

Mr. Salvador commented on his appointment: "I'm honored to be joining the GlobalX team during this exciting time in the company's development. In particular I am excited to be working on our Atlantic City focus hub, and also in developing programs with all of the major cruise lines as they introduce safe travel options for their passengers."

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Tel: 914.646.5012

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company's intention to fly as an ACMI and wet lease charter airline, its intention to use Atlantic City as a hub and destination, the development of programs for cruise lines and planned operations in the Bahamas.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs with Leading Supplier for Aviation Fuel Credit Facility and Fuel Risk Management Services

July 16, 2020

(JET: TSX-V)

Miami, Florida--(Newsfile Corp. - July 17, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") has signed a $1 million credit line facility (the "Facility") with AEG Fuels ("AEG"), a Miami based supplier of fuel management and pumping capabilities at over 3000 airports worldwide. AEG has been in fuel services business for over 30 years and works with over 2500 customers worldwide.

Ryan Goepel, CFO of GlobalX, stated, "We are very pleased to be working with AEG as we continue through our certification which will include fuel management for our proving run flights, and then as we commence scheduled charter services throughout North and South America."

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company's intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights, the completion of the certification process and the details of the fuel management arrangement.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Acquires First A320 Aircraft and Retains Market-Making Services

July 16, 2020

(JET: TSX-V)

Miami, Florida--(Newsfile Corp. - July 16, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") announces that it has signed a letter of intent to acquire by purchase one A320-200 aircraft (the "Aircraft"). The specific aircraft data for the Aircraft has now been incorporated into the GlobalX manual set which has now been submitted to the FAA under Phase 2 of GlobalX's certification. Additional details regarding the Aircraft will be provided in the near term.

The Company also announces that, subject to regulatory approval, it has retained Venture Liquidity Providers Inc. ("VLP") to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common voting and variable voting shares of the Company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP Cdn$5,000 per month for a period of 12 months. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange listed issuers.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company's intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights and the details of the letter of intent to acquire an aircraft.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; GlobalX concluding a definitive agreement for the Aircraft; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude a definitive agreement to acquire the Aircraft, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Signs Airport Use Agreement With Atlantic City International Airport

July 8, 2020

(JET: TSX-V)

MIAMI, FLORIDA, July 8, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) is pleased to announce the signing of an Airport and Terminal Use agreement with Atlantic City International Airport ("ACY") in Egg Harbor Township, New Jersey. GlobalX is also exploring with the South Jersey Transportation Authority, the owner and operator of ACY, the potential signing of a Land Lease agreement for the development of a new hangar and maintenance facility at ACY.

"We are thrilled GlobalX has chosen ACY for their northern charter base of operations," said South Jersey Transportation Authority Executive Director, Stephen F. Dougherty. "We look forward to working with GlobalX on developing a presence at the Airport, within Atlantic County, and throughout the South Jersey region."

ACY is ideally located as a northern charter base of operations for GlobalX, near the major metropolitan centers of the northeast US. GlobalX also intends to operate scheduled charters into ACY from Toronto and Montreal, as well as a number of US cities, to support the hotel and casino businesses in Atlantic City, beginning by the summer of 2021.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations
Email: mark.tender@globalairlinesgroup.com

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the destinations of its intended charter flights and the development of a hangar and maintenance facility.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Names Dean of the University of Miami Business School to Airline’s Advisory Board

July 7, 2020

(JET: TSX-V)

MIAMI, FLORIDA, July 7, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) is pleased to announce the appointment of Mr. John Quelch to the GlobalX Advisory Board. He will be working with GlobalX’s board and management on current trends in corporate governance, leadership and executive and team training.

Mr. Quelch is a professor and dean of the University of Miami Herbert Business School. He has previously held leadership positions at Harvard Business School, London Business School, and the China Europe International Business School.

From 2002-2011, Dean Quelch was Chairman of the Board of the Massachusetts Port Authority, overseeing three airports and the seaport of Boston.

He has previously served on the boards of Reebok and Easyjet, PLC, one of the leading low cost airlines in Europe operating the Airbus A320 and as a consultant to American Airlines.

Dean Quelch was appointed Commander of the Order of the British Empire (CBE) in the 2011 Queen's Birthday Honours for services to the promotion of British business interests and prosperity. He was awarded the Ellis Island Medal of Honor in the US in 2020.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations Email: mark.tender@globalairlinesgroup.com

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines strengthens technical expertise with key management appointment

Christian Toro joins new airline group as Vice President of Technical Operations & Director of Maintenance

July 5, 2020

(JET: TSX-V)

MIAMI, FLORIDA, July 6, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) is pleased to announce the appointment of Mr. Christian Toro as Vice President of Technical Operations and Director of Maintenance.

Mr. Toro comes to Global X with 35 years of experience and following successful tenures at both Southwest Airlines, where he served as Chief Inspector and Allegiant Airlines, where he served as both Chief Inspector and later Vice President of maintenance and Engineering.

During his tenure at Allegiant, Toro was instrumental in working through the airline’s MD-80 reliability issues, and then successfully transitioning the airline to a modern fleet of Airbus A320s. At Allegiant he oversaw the induction of over 60 Airbus A320 aircraft.

Prior to Allegiant he was Director of Quality Control/ Chief Inspector at Southwest Airlines where he instituted an industry-leading quality culture to enhance and improve compliance, safety as well as fleet dispatch reliability.

Mr. Toro started his career in maintenance management positions at UPS Airlines. His excellent relationships across the industry and reputation with the FAA will be valuable assets to GlobalX as the A320 certification process continues.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Mark Tender, Head – Corp. Communications & Investor Relations Email: mark.tender@globalairlinesgroup.com

Or

Jeff Walker, Vice President – The Howard Group
Email: jeff@howardgroupinc.com
Tel: 403.221.0915
Toll Free: 1.888.221.0915

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Global Crossing Airlines Announces Closing of Business Combination Transaction

June 23, 2020

(JET: TSX-V)

Malta and Miami, Florida USA

MIAMI, FL, June 23, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX” formerly known as Canada Jetlines Ltd.) is pleased to announce that it has closed the business combination of Global Crossing Airlines, Inc. (“Global USA”) and the Company (the “Transaction”), including the completion of a US$1,543,600 million financing. Trading of the Company’s common shares will resume at the opening on June 25, 2020 under the ticker symbol “JET” on the TSX Venture Exchange.

Closing of Business Combination Transaction

The Company has closed the previously announced Transaction. On the closing of the Transaction, the Company changed its name to Global Crossing Airlines Inc. and consolidated its issued and outstanding common and variable voting shares (each a “Share”) on the basis of one post-consolidation Share for every ten pre-consolidation shares. Global USA is now a wholly-owned subsidiary of the Company. The common shares of the Company will commence trading on the TSX Venture Exchange as a Tier 2 industrial issuer under the symbol “JET” on June 25, 2020.

Prior to the closing of the Transaction, the Company issued 415,150 Shares (post-consolidation) to settle outstanding debt of approximately US$103,787.50 due to certain creditors through the issuance of approximately 415,150 Shares (post-Consolidation) at a deemed price of US$0.25 per Share and a further 48,809 Shares to settle Cdn$129,344.91 in debt at a deemed price of Cdn$2.65 per Share. The Company has also issued a total of 1,237,000 stock options and 342,000 restricted share units to directors, officers, employees and consultants, with the stock options exercisable at US$0.25 for a five-year period.

After giving effect to the Transaction and the Offering (defined below), there will be 27,306,200 Shares of the Company issued and outstanding (calculated on a non-diluted basis).

Closing of Financing

In connection with the Transaction, the Company completed a financing for gross proceeds of US$1,543,600 million financing (the “Offering”). The Offering consisted of 6,174,400 units issued at US$0.25 per unit (each a “Unit”). Each Unit consists of one Share and one warrant (each a “Warrant”). Each Warrant entitles the holder thereof to purchase an additional Share for US$0.50 for a period of 24 months after closing of the Offering. The Company increased the size of its maximum offering by US$43,600, with such additional proceeds being allocated to working capital.

In connection with the Offering, the Company paid finder’s fee consisting of US$16,037.50 in cash and issued 64,150 finder’s warrants exercisable to purchase a Share for US$0.25 for a period of 24 months after closing of the Offering.

All securities issued in the Offering are subject to a four month hold period that expires on October 24, 2020.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Additional Information

Additional information as required as required can be found in the Company’s Management Information Circular dated March 30, 2020 (available on SEDAR at www.sedar.com).

Investors are cautioned that, except as disclosed in the Management Information Circular, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of GlobalX should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

Miami based AVi8 Air Capital, LLC advised and structured the Transaction on behalf of Global USA.

For more information, please contact:

Global Crossing Airlines Inc.
Email: Ryan.goepel@globalairlinesgroup.com
Media Contact: mark.tender@globalairlinesgroup.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the business and operations of the Company.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

SmartLynx and Global Crossing Airlines Announce Comprehensive Commercial Agreement

May 20, 2020

Malta and Miami, Florida USA

SmartLynx Airlines (“SmartLynx”) and Global Crossing Airlines (“GlobalX”) today announced a comprehensive commercial agreement covering several areas for cooperation and for the exchange of aircraft on damp lease during each airline’s peak periods.

The areas of cooperation include the reduction of costs through shared services, pilot and cabin crew recruitment and training.

As part of the agreement, Zygimantas Surintas, CEO of SmartLynx, will join the board of directors of GlobalX.

“SmartLynx has more than 28 years of experience operating A320s in Europe, Asia and Latin America and their sharing of best practices will be invaluable to GlobalX as we launch and grow our fleet of A320s to become the leading narrow body charter operator in the US, Caribbean and Latin American markets.

We look forward to working closely with their teams and management as we continue our FAA and DOT certification and prepare for launch.” said Joseph DaGrosa, Chairman and Lead Investor of GlobalX.

“As the current worldwide situation in aviation is showing us now is a good moment for entering the US market and expanding our business reach even further, we are glad to have the opportunity to join GlobalX project.

We have been impressed with the GlobalX team and their plans for launching a new A320 charter airline in the US. The long-term benefits of our companies’ synergy are well recognized. A unique platform of SmartLynx business model and extensive experience are great benefits for GlobalX - sharing our knowledge in all functional airline departments including maintenance, flight operations, and the application of new technologies. We also look forward to seeing our aircraft and crews operating for GlobalX in the winter months, and to welcoming their aircraft and crews to Europe during our peak summer months in Europe.” said Zygimantas Surintas.

About SmartLynx Airlines

SmartLynx Airlines is one of the leading EU based ACMI and charter operators on Airbus A320 and A321 aircraft. The company’s market expansion plans are to be complemented by the expected FAA approval for the SmartLynx Malta subsidiary.

SmartLynx Airlines is a family member of Avia Solutions Group, the largest aerospace business group from Central & Eastern Europe in 2019, providing aviation services and solutions worldwide.

Avia Solutions Group provides state-of-the-art solutions to aviation industry and beyond.

For more information please visit www.smartlynx.aero

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

Media Contacts:

For Smartlynx
Snezana Tomic, Brand and Communications Manager
Snezana.tomic@smartlynx.aero

For Global Crossing Airlines (GlobalX)
Ryan Goepel, EVP & CFO
Ryan.goepel@globalairlinesgroup.com

Mark Tender, Head of Corp Communications/Investor Relations
mark.tender@globalairlinesgroup.com

Global Crossing Airlines and Canada Jetlines Ltd. (JET: TSX-V) Announce CAD100 Million Equity Investment Agreement with The Global Emerging Markets

May 6, 2020

(JET: TSX-V)

MIAMI, Fl, May 6, 2020 -- Global Crossing Airlines, Inc. (“GlobalX”) and Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) are pleased to announce that GlobalX has signed an agreement ("Agreement") with GEM Global Yield LLC SCS ("GEM"), the private alternative investment group to provide the GlobalX with up to CAD 100 million over a 36 month term following the previously announced business combination of GlobalX and Jetlines (the “Transaction”). Upon completion of the Transaction, Jetlines will have acquired GlobalX and the resulting issuer will be named Global Crossing Airlines Inc. (the “Resulting Issuer”). GlobalX will use the funds to strengthen its business by providing the financial resources to work to complete FAA and DOT certification requirements, develop its business segments and markets, and acquire new and used Airbus A320/321 aircraft to grow the company.

The initial CAD 100 Million will be in the form of a capital commitment that allows the Resulting Issuer to draw down funds during the 36-month term by issuing shares of the Resulting Issuer’s common shares to GEM (or such persons as it may direct) and subject to share lending arrangement(s) being in place.

The Resulting Issuer will control the timing and maximum amount of drawdown under this facility and has no minimum drawdown obligation. Concurrent with the closing of the Transaction, the Resulting Issuer will issue warrants to GEM to purchase up to six per cent (6%) of the outstanding common shares of the Resulting Issuer on a fully diluted basis.

Joseph DaGrosa, Chairman and lead investor of GlobalX, stated: “We are excited to be working with GEM as we grow GlobalX. They have been extremely supportive, understand our business, believe in our vision and remain committed during this challenging economic climate. The timing for GlobalX is excellent, as we are now seeing the availability of aircraft on very favorable lease terms as well as highly experienced pilots, and also significantly increased charter opportunities beginning later in 2020 as many airlines downsize and focus on their own core scheduled markets.”

About GEM

Global Emerging Markets (“GEM”) is a US$3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world and have completed 370+ transactions in 70 countries. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Its family of funds and investment vehicles provide GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. GEM’s funds include the CITIC-GEM Fund (matured in December 2015), Kinderhook Industries (GP and LP non-voting stakes), GEM Global Yield LLC SCS, GEM India and VC Bank/GEM Mena Fund (GEM exited both its GP and LP stakes in these funds in 2015 and 2010, respectively).

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

Miami based AVi8 Air Capital, LLC advised and structured the transaction on behalf of GlobalX.

Additional Information

The Resulting Issuer will control the timing and maximum amount of any draw down of the Facility (“Draw Down”), and has the right, not the obligation, to draw down on the Commitment Amount. The maximum amount of a Draw Down will be the lesser of (i) 1,000% of the average daily trading volume during the 15 trading days immediately preceding the date of a Draw Down; or (ii) the remaining portion of the Commitment Amount. The common shares issued under the Agreement will be subject to statutory resale restrictions, but GEM will receive freely transferable and unrestricted common shares through a share lending facility which will be provided by the Resulting Issuer’s shareholders.

As a condition of the Agreement, GEM will be issued a total of up to 2,038,362 warrants (subject to adjustment such that the number is equal to 6% of the outstanding common shares of the Resulting Issuer) entitling GEM to purchase common shares of the Resulting Issuer for a period of 3 years from the date issuance at an exercise price equal to equal to the greatest of (i) the closing price per common share on the first day of trading of the Resulting Issuer’s common shares, (ii) the pro-rata portion of the per share price of the common shares of the Resulting Issuer at a CAD 8 million valuation and (iii) the lowest price accepted by the Exchange. GlobalX has also agreed to pay in connection with the Agreement up to 2% of the Commitment Amount in fee to GEM.

The subscription price for the Common Shares issued under the Agreement will be equal to 90% of the average closing price of the 15 trading days immediately preceding the date of a Draw Down, which subscription price may not be lower than the floor price determined by the Resulting Issuer for such Draw Down and the Discounted Market Price (as such term is defined in the Corporate Finance Manual of the TSX Venture Exchange (“Exchange”)).

The Facility and the issuance of the warrants are subject to the approval of the TSX Venture Exchange.

Additional information as required will be provided by way of a subsequent news release. Trading in the common shares of the Company on the Exchange will remain halted until such time as the requirements of the Exchange are met.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Jetlines should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For more information, please contact:

Global Crossing Airlines, Inc.
Ryan Goepel, Chief Financial Officer
Email: Ryan.goepel@globalairlinesgroup.com

Media Contact: mark.tender@globalairlinesgroup.comm

Canada Jetlines Ltd.
Carlo Valente, Chief Financial Officer
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to (i) the terms of the Facility and its drawdown by the Resulting Issuer; and (ii) receipt of TSXV, regulatory and shareholder approvals of the Transaction and Facility.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of the Jetlines’ and GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by Jetlines and GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where the Jetlines and GlobalX will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ or GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ or GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. There is no assurance that the closing of the Transaction will occur. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Jetlines and Global Crossing Airlines Execute Definitive Agreement

February 6, 2020

(JET: TSX-V; JETMF: OTCQB)

VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that further to the news release by the Company on December 13, 2019, the Company has now entered into a definitive agreement (the “Definitive Agreement”) with Global Crossing Airlines, Inc. (“GLOBALX”) with respect to a business combination of Jetlines and GLOBALX (the “Transaction”). The parties are now preparing the disclosure documents required by the TSX Venture Exchange (“Exchange”) and the Company will call a shareholders meeting to approve certain elements of the Transaction once required approvals have been received.

Additional information as required will be provided by way of a subsequent news release. Trading in the common shares of the Company on the Exchange will remain halted until such time as the requirements of the Exchange are met.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Jetlines should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For more information, please contact:
Carlo Valente, Chief Financial Officer
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.com

For more information on Jetlines, please visit www.jetlines.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to (i) the calling of a shareholders meeting; and (ii) receipt of TSXV, regulatory and shareholder approvals of the Transaction.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of the Jetlines’ and GLOBALX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by Jetlines and GLOBALX and the success of such operations; the legislative and regulatory environments of the jurisdictions where the Jetlines and GLOBALX will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ or GLOBALX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ or GLOBALX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. There is no assurance that the closing of the Transaction will occur. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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