Global Crossing Airlines Receives Foreign Operating Authority
August 30 2021 - 8:00AM
Global Crossing Airlines Group Inc. (
JET: TSX-V; JET.B:
TSX-V; JETMF: OTCQB) (the “
Company” or
“
GlobalX”) is pleased to announce that as of
August 27, 2021, it has been granted its Certificate of Public
Convenience and Necessity for Foreign Charter Air Transportation.
Under US DOT Order 2021-8-14, GlobalX can now fly internationally
from the US in addition to its domestic operations.
“We are very pleased to have received our final
authority from DOT which allows us to fly international charters.
We will now begin executing on contracts to fly to the Caribbean,
Mexico, Latin America and Canada,” said Ed Wegel, Chair and CEO of
GlobalX.
About Global Crossing
Airlines
GlobalX is a US 121 domestic flag and
supplemental airline flying the Airbus A320 family aircraft.
GlobalX flies as an ACMI and wet lease charter airline serving the
US, Caribbean, and Latin American markets. For more information,
please visit www.globalxair.com.
For more information, please
contact:
Mark Salvador, Chief Marketing
OfficerEmail:
mark.salvador@globalxair.comTel:
786.751.8510
Or
Jeff Walker, Vice President – The
Howard
GroupEmail: jeff@howardgroupinc.comTel: 403.221.0915Toll
Free: 1.888.221.0915
Cautionary Note Regarding
Forward-Looking Information
This news release contains "forward-looking
information" concerning anticipated developments and events that
may occur in the future. Forward-looking information contained in
this news release includes, but is not limited to, statements with
respect to the Company’s intention to fly as an ACMI and wet lease
charter airline, the Company’s aircraft fleet size and the
destinations that the Company intends to service.
In certain cases, forward-looking information
can be identified by the use of words such as "plans", "expects"
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or " 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 information 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; the timely receipt of governmental
approvals; the success of airline operations of GlobalX; the
legislative and regulatory environments of the jurisdictions where
GlobalX will carry on business or have operations; the impact of
competition and the competitive response to GlobalX’s business
strategy; 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 information involves 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
information. Such factors include risks related to, the ability to
obtain financing at acceptable terms, the impact of general
economic conditions, domestic and international airline industry
conditions, 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, the ability of management to implement
GlobalX’s operational strategy, the ability to attract qualified
management and staff, labour disputes, regulatory risks, including
risks relating to the acquisition of the necessary licenses and
permits; and the additional risks identified in the "Risk Factors"
section of the Company's reports and filings with applicable
Canadian securities regulators. Although the Company has attempted
to identify important factors that could cause actual results to
differ materially from those described in forward-looking
information, 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 information. The
forward-looking information is 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 information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this release.
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