Global Crossing Airlines to Operate over 100 Cargo Flights per year to Cuba

MIAMI, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce it will operate all cargo flights with its A321 Freighter to Havana, Cuba on behalf of OFAC approved operator CubaMax.

“We are delighted to be working with CubaMax to provide two weekly cargo flights from Miami to Havana, starting February 21st ,” said Ed Wegel, Chairman and CEO. “We are the first airline in the Americas to operate the A321F and we believe this aircraft is well suited to provide this much needed life line service to Havana,” he continued.

Currently GlobalX has one A321F aircraft and is expecting the second A321F to arrive by mid-March, with the third A321F to be delivered in May. GlobalX currently is scheduled to take delivery of additional three (3) A321F aircraft in 2023 for a total of six (6), and two (2) in 2024. Additionally, GlobalX is working to finalize leases on lessor commitments for another five (5) A321F aircraft to be delivered in the 2024-2025 time frame and is working on LOIs for two (2) additional A321F aircraft.

About the A321 P2F

The A321 P2F features a capacity of fourteen (14) upper deck and ten (10) lower deck containers, which is fifty-five percent (55%) more containerized volume than the Boeing 737-800 freighter and fourteen percent (14%) more containerized volume than the Boeing 757-200 freighter. Additionally, it boasts an estimated nineteen percent (19%) lower fuel burn than the Boeing 757-200 freighter. The capacity and fuel economy of the aircraft is poised to position the A321 freighter as the dominant player in the narrowbody cargo market.

About CubaMax

CubaMax is a well known company with fourteen (14) offices servicing the state of Florida and leader in the cargo and travel industry between US and Cuba since being founded in 2001.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental Airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets. In 2023, GlobalX will enter ACMI cargo service flying the A321 freighter. For more information, please visit www.globalxair.com .

Global Crossing Airlines Receives FAA Approval to Commence Cargo Operations --will be first A321 Freighter operator in the Americas --will take delivery of six A321 Freighters this year and up to nine in 2024/2025

MIAMI, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( JET: NEO; JET.B: NEO; JETMF: OTCQB ) (the “ Company ” or “ GlobalX ”) is pleased to announce that is has received approval from the US FAA for cargo operations and will commence revenue cargo flights with the A321 Passenger to Freighter (P2F) aircraft (“A321F”) this week (pending final FAA approved documentation).

“This is a tremendously significant milestone for GlobalX on our path to being one of the leading narrow body charter operators for both passengers and freight in North America. Our expansion into cargo has always been a key aspect of our growth strategy to diversify our revenue streams and maximize the use of all of our assets,” said Ed Wegel, Chair and CEO. “We are also particularly honored to be the first airline in the Americas to operate the A321F and we believe this aircraft is a game changer in the narrowbody freighter market and we thank ST Engineering for their total support during the conversion and delivery of this aircraft,” he continued.

Currently GlobalX has one A321F aircraft and is expecting the second A321F to arrive by mid-March, with the third A321F to be delivered in May. GlobalX currently is scheduled to take delivery of an additional three (3) A321F aircraft in 2023 for a total of six (6), and two (2) in 2024. Additionally, GlobalX is working to finalize leases on lessor commitments for another five (5) A321F aircraft to be delivered in the 2024-2025 time frame and is working on letters of intent for two (2) additional A321F aircraft.

About the A321 P2F

The A321 P2F features a capacity of 14 upper deck and 10 lower deck containers, which is fifty-five percent (55%) more containerized volume than the Boeing 737-800 freighter and fourteen percent (14%) more containerized volume than the Boeing 757-200 freighter. Additionally, it boasts an estimated nineteen percent (19%) lower fuel burn than the Boeing 757-200 freighter. The capacity and fuel economy of the aircraft is poised to position the A321 freighter as the dominant player in the narrowbody cargo market.

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental Airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets. In 2023, GlobalX will enter ACMI cargo service flying the A321 freighter, subject to DOT and FAA approvals. For more information, please visit www.globalxair.com .

Global Crossing Airlines Group Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB), also known as GlobalX, has received approval from the U.S. Federal Aviation Administration (FAA) to commence revenue cargo flights with its A321 passenger to freighter (P2F) aircraft, pending final FAA-approved documentation.

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