Canada Jetlines Confirms Shareholder Approval of Transaction and Provides Details of GlobalX Online Presentation

VANCOUVER, B.C., June 2, 2020 -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce that its shareholders have overwhelmingly approved the business combination transaction (the “Transaction”) of Global Crossing Airlines, Inc. (“GlobalX”) and Jetlines. At Jetlines’ Special Meeting of shareholders, 95.89% of the common and variable voting shares were voted in favour of the Transaction. With shareholder approval of the Transaction completed, GlobalX and Jetlines are working to satisfy the final closing conditions. The parties are anticipating that all closing conditions will be satisfied or waived in June 2020, such that the closing of the Transaction can occur during the current month.

The Company also announces that GlobalX’s Chairman and CFO will be providing an online presentation on Thursday, June 4, 2020 at 11:00 a.m. (PDT) / 2:00 p.m. (EDT). In this presentation, GlobalX presentation will be providing an overview of the market opportunity provided by GlobalX as a Miami based charter airline servicing airlines, tour operators and leasing companies on a global basis. They will also be answering questions from investors. Any one who is interested in joining the online presentation can register through the link below:
Online Presentation: https://us02web.zoom.us/webinar/register/WN_fhjfXOAkQuytwbpJROpAtg