Global Crossing Airlines Group, Inc. (
JET:
NEO; JET.B: NEO; JETMF: OTCQB) (the
“
Company” or “
GlobalX”) is
pleased to announce that is has reached agreement to lease an
additional A321 freighter for delivery in October 2023 from Cargo
Aircraft Management (CAM), a subsidiary of Air Transport Services
Group, Inc. (Nasdaq: ATSG).
“We are pleased to be able to lease our first
A321 freighter from CAM, a worldwide leader in cargo aircraft
conversions and leasing, and we greatly appreciate ATSG’s support
of our team and our business plan. Our A321F fleet has performed
extremely well - with better fuel burn, and load and unload times
for both main deck and lower belly of less than 45 minutes. The
A321F takes 50% more volume than its narrowbody competitor and is
quickly shaping up to be the 757 freighter replacement aircraft.
Along with our customers, we are extremely pleased with the A321F
performance and we will continue to grow our fleet of A321
freighters along with the increasing demand for the aircraft,” said
Ed Wegel, Chair and CEO of GlobalX.
“ATSG is excited to partner with GlobalX as they
continue their transformational growth,” stated Paul Chase, chief
commercial officer for ATSG. “We continue to seek partnerships that
expand our global leasing footprint with companies that focus on
the customer by providing world class service and reliability.”
About Air Transport Services
Group
ATSG is a leading provider of aircraft leasing
and cargo and passenger air transportation and related services to
domestic and foreign air carriers and other companies that
outsource their cargo and passenger airlift requirements. ATSG,
through its leasing and airline subsidiaries, is the world's
largest owner and operator of converted Boeing 767 freighter
aircraft. Through its principal subsidiaries, including three
airlines with separate and distinct U.S. FAA Part 121 Air Carrier
certificates, ATSG provides aircraft leasing, air cargo lift,
passenger ACMI and charter services, aircraft maintenance services
and airport ground services. ATSG's subsidiaries include ABX Air,
Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and
Engineering Services, Inc., including its subsidiary, Pemco World
Air Services, Inc.; Air Transport International, Inc.; Cargo
Aircraft Management, Inc.; and Omni Air International, LLC. For
more information, please see www.atsginc.com.
About Global Crossing
Airlines
GlobalX is a US 121 domestic flag and
supplemental Airline flying the Airbus A320 family aircraft and the
Airbus A321 freighter. With over 600 aviation professionals,
GlobalX flies as a passenger and cargo ACMI and charter airline
serving the US, Caribbean, European and Latin American markets. For
more information, please visit www.globalxair.com.
For more information, please
contact:
Ryan Goepel, Chief Financial
OfficerEmail:
ryan.goepel@globalxair.comTel:
786.751.8503
Cautionary Note Regarding
Forward-Looking Information
This news release contains certain “forward
looking statements” and “forward-looking information”, as defined
under applicable United States and Canadian securities laws,
concerning anticipated developments and events that may occur in
the future. Forward-looking statements contained in this news
release include, but are not limited to, statements with respect to
the Company’s aircraft fleet size, the destinations that the
Company intends to service, the delivery and entry into service
timelines for future aircraft, the performance metrics of the A321F
and increasing demand for the A321F.
In certain cases, forward-looking statements can
be identified by the use of words such as "plans", "expects"
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" suggesting
future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or
performance. Forward-looking statements contained in this news
release is based on certain factors and assumptions regarding,
among other things, the receipt of financing to continue airline
operations, the accuracy, reliability and success of GlobalX’s
business model; GlobalX’s ability to accurately forecast demand;
GlobalX will be able to successfully conclude definitive agreements
for transactions subject to LOI; the timely receipt of governmental
approvals; the success of airline operations of GlobalX; GlobalX’s
ability to successfully enter new geographic markets; the
legislative and regulatory environments of the jurisdictions where
GlobalX will carry on business or have operations; the Company has
or will have sufficient aircraft to provide the service; the impact
of competition and the competitive response to GlobalX’s business
strategy; the future price of fuel, and the availability of
aircraft. While the Company considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include risks related to, the ability to
obtain financing at acceptable terms, the impact of general
economic conditions, risks related to supply chain and labor
disruptions, failure to retain or obtain sufficient aircraft,
domestic and international airline industry conditions, failure to
conclude definitive agreements for transactions subject to LOI, the
effects of increased competition from our market competitors and
new market entrants, passenger demand being less than anticipated,
the impact of the global uncertainty created by COVID-19, future
relations with shareholders, volatility of fuel prices, increases
in operating costs, terrorism, pandemics, natural disasters,
currency fluctuations, interest rates, risks specific to the
airline industry, risks associated with doing business in foreign
countries, the ability of management to implement GlobalX’s
operational strategy, the ability to attract qualified management
and staff, labor disputes, regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits;
risks related to significant disruption in, or breach in security
of GlobalX’s information technology systems and resultant
interruptions in service and any related impact on its reputation;
and the additional risks identified in the "Risk Factors" section
of the Company's reports and filings with applicable Canadian
securities regulators and the U.S. Securities and Exchange
Commission. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those described in the forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking statements. The
forward-looking statements are made as of the date of this news
release. Except as required by applicable securities laws, the
Company does not undertake any obligation to publicly update any
forward-looking statements. If GlobalX does update one or more
forward-looking statements, no inference should be made that it
will make additional updates with respect to those or other
forward-looking statements.
Grafico Azioni Air Transport Services (NASDAQ:ATSG)
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Da Ago 2024 a Set 2024
Grafico Azioni Air Transport Services (NASDAQ:ATSG)
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