Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) today will celebrate a key milestone for its first A321 P2F aircraft by ST Engineering with a door cutting ceremony that takes place this morning. The freighter aircraft is currently undergoing conversion at ST Engineering’s airframe facility in San Antonio. GlobalX and ST Engineering had in 2021 signed an LOI to lease up to five (5) A321 P2F. The first aircraft is expected to be delivered in Q3 2022. In addition to leasing freighter aircraft, GlobalX will also use the engineering and maintenance services provided by ST Engineering to support the operation of its passenger and freighter aircraft.

“We are honored to be working with ST Engineering and their support has been crucial to GlobalX as we launch our cargo division and it is very special to celebrate the door cutting ceremony for our first A321 P2F. We are in the certification process with the FAA to place the A321 P2F on our certificate and we expect to be certified by October 1 of this year. We expect to operate as many as 25 A321 freighters by the end of 2025,” said Ed Wegel, Chair and CEO of GlobalX.

“We are delighted to celebrate this milestone development in the conversion of the first A321 P2F with GlobalX since we started this journey together back in May 2021,” said Yip Hin Meng, EVP/Head of Aviation Asset Management, ST Engineering. “As the air freight market continues in its strong growth, we stand ready to support operators with a comprehensive suite of solutions to address their various needs, from leasing to engineering and maintenance services. With our latest offering, the A320 P2F, achieving certification by EASA earlier in March this year, our customers will have more options when selecting the most suitable freighter in supporting their operations.”