Global Crossing Airlines Receives FAA Approval to Commence Cargo Operations

Global Crossing Airlines Group, Inc.(JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that is has received approval from the US FAA for cargo operations and will commence revenue cargo flights with the A321 Passenger to Freighter (P2F) aircraft (“A321F”) this week (pending final FAA approved documentation).

“This is a tremendously significant milestone for GlobalX on our path to being one of the leading narrow body charter operators for both passengers and freight in North America. Our expansion into cargo has always been a key aspect of our growth strategy to diversify our revenue streams and maximize the use of all of our assets,” said Ed Wegel, Chair and CEO. “We are also particularly honored to be the first airline in the Americas to operate the A321F and we believe this aircraft is a game changer in the narrowbody freighter market and we thank ST Engineering for their total support during the conversion and delivery of this aircraft,” he continued.

Currently GlobalX has one A321F aircraft and is expecting the second A321F to arrive by mid-March, with the third A321F to be delivered in May. GlobalX currently is scheduled to take delivery of an additional three (3) A321F aircraft in 2023 for a total of six (6), and two (2) in 2024. Additionally, GlobalX is working to finalize leases on lessor commitments for another five (5) A321F aircraft to be delivered in the 2024-2025 time frame and is working on letters of intent for two (2) additional A321F aircraft.