MIAMI, FLORIDA December 22, 2020 – Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (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.