Global Crossing Airlines Inc. (TSXV: JET) ("GlobalX") and Breeze Airways have reached an amicable agreement to settle a lawsuit brought by Canada Jetlines in November 2019. The lawsuit will be withdrawn by Global Crossing, with prejudice, and without any funds changing hands.
GlobalX and Breeze will also look at opportunities in the future where they might cooperate as they develop the U.S. commercial aircraft charter market, utilizing Breeze's fleet of Embraer 190 aircraft and Global Crossing's fleet of Airbus A320s. The airlines intend to cross-market and provide each airline's clients with options to use both aircraft types. The airlines also have agreed to explore other areas of cooperation.