Global Crossing Airlines Group, Inc. (
JET:
NEO; JET.B: NEO; JETMF: OTCQB) (the
“
Company” or “
GlobalX”) based in
Miami, a U.S. 121 domestic flag and supplemental Airline flying the
Airbus A320 family aircraft as a passenger ACMI and charter airline
serving the U.S., Caribbean, European and Latin American markets,
today announced that Ryan Goepel, CFO, will present live at the
Small Cap Virtual Investor Conference, hosted by
VirtualInvestorConferences.com, on November 30th, 2023.
DATE: November 30th
TIME: 10:30 AM ET
LINK: https://bit.ly/46Go9Bf
Available for 1x1 meetings: November 30th,
December 1st, December 4th, December 5th
This will be a live, interactive online event
where investors are invited to ask the Company questions in
real-time. If attendees are not able to join the event live on the
day of the conference, an archived webcast will also be made
available after the event.
It is recommended that online investors
pre-register and run the online system check to expedite
participation and receive event updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Recent Company Highlights
- 14 aircraft under operating certificate with 4 to be delivered
in 2023
- 30 aircraft - projected operating fleet by 2024
- 25,600+ block hours flown
- 6,504 block hours in Q3 2023 (81% increase from previous
quarter)
- 600 aviation professionals, including 125+ experienced pilots
(recruited and retained)
- US$42.6M in Revenue for Q3 2023
- 2500+ GlobalX Arrivals, 51 Countries, 116 Cities (since
2022)
About Global Crossing Airlines
GlobalX is a US 121 domestic flag and
supplemental Airline flying the Airbus A320 family aircraft.
GlobalX flies as a passenger ACMI and charter airline serving the
US, Caribbean, European and Latin American markets. GlobalX is also
now operating ACMI cargo service flying the A321 freighter. GlobalX
is IOSA certified by IATA and holds TCO’s for Europe and the UK.
For more information, please
visit www.globalxair.com.
About Virtual Investor
Conferences®
Virtual Investor Conferences (VIC) is the
leading proprietary investor conference series that provides an
interactive forum for publicly traded companies to seamlessly
present directly to investors.
Providing a real-time investor engagement
solution, VIC is specifically designed to offer companies more
efficient investor access. Replicating the components of an on-site
investor conference, VIC offers companies enhanced capabilities to
connect with investors, schedule targeted one-on-one meetings and
enhance their presentations with dynamic video content.
Accelerating the next level of investor engagement, Virtual
Investor Conferences delivers leading investor communications to a
global network of retail and institutional investors.
For more information, please
contact:
Global Crossing Airlines Group Inc.Mark
SalvadorEmail: marketing@globalxair.comTel: 786.807.9631
Virtual Investor Conferences John M.
ViglottiSVP Corporate Services, Investor AccessOTC Markets Group
(212) 220-2221johnv@otcmarkets.com
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 and the Company’s growth plans.
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 are 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.
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