Global Crossing Airlines Signs Operating Lease Agreement for Second Airbus A320 Family Aircraft

MIAMI, FLORIDA, Dec. 10, 2020 – Global Crossing Airlines Inc. (JET: TSX-V; JETMF: OTCQB) (“GlobalX”) is pleased to announce the signing of an operating lease agreement for its second aircraft, GlobalX’s first Airbus A320-200  (the “Aircraft”),  with Dubai Aerospace Enterprise (“DAE”).

The Aircraft, a 2005 vintage, is scheduled to be delivered to GlobalX in late December, 2020. Delivery will occur after routine inspection/acceptance flights and completion of the painting of the Aircraft in GlobalX livery. The painting slot has been reserved at IAC in Amarillo, Texas.

The Aircraft was specifically selected by GlobalX to initiate its services to Latin America (subject to governmental approvals) and was previously operated by a major US airline which allows for a more efficient FAA conformity and entry into service.

GlobalX continues the development of its A320 family passenger and  cargo aircraft fleet plans, as it moves into the final phases of its certification as a US scheduled flag carrier.

“We are grateful to DAE, a major world class aircraft leasing company, for their support of our vision and business plan. This A320 perfectly complements our plans for our initial charter operations. We look forward to bringing this aircraft into our fleet and continuing to build our commercial relationship with DAE.” said Ed Wegel, Chairman and Founder of GlobalX.

“We are delighted to welcome GlobalX as our newest customer and are very pleased to support them with their fleet expansion ambitions. We look forward to building a long term relationship and wish GlobalX success with their growing operations.” said Firoz Tarapore, Chief Executive Officer of DAE.