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.