MIAMI, Oct. 17, 2022 -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the start of Phase 2 of the Colombia AOC (Air Operators Certificate) Certification Process by GlobalX-Colombia. Initial approval from the Colombian CAA to start the formal certification was received in June of this year. GlobalX-Colombia is a 100% owned subsidiary of GlobalX and is led by Roberto Held, former CFO of Avianca and now a senior advisor to GlobalX who will become CEO of the subsidiary upon final certification.

In the coming weeks GlobalX-Colombia will be submitting all Flight Operations, and Maintenance/Technical Manuals for Phase 2 for review by the Colombian Civil Aviation Authority. The certification process is being led in Bogota by a team of experts and advisors with these matters. Final AOC approval is expected by the end of Q1 2023 when GlobalX will assign A321 freighters from its US operation to the Colombian AOC.

“We are committed to establishing an ACMI cargo charter airline based in Colombia to serve our growing list of Latin carriers and customers with our A321 freighter fleet,” said Ed Wegel, Chairman and CEO of GlobalX. “We will become the first operator of the A321F in Latin America. This aircraft, with its greater volume capacity of 40% more than its nearest competitor, is an excellent option for Latin airlines and cargo forwarders who need less than widebody volume and cost on certain routes.”