Global Crossing Airlines Group, Inc. (
JET: NEO; JET.B: NEO;
JETMF: OTCQB ) (the
“
Company ” or
“
GlobalX ”) is pleased to announce the
appointment of Helane Becker to its Advisory Board.
Ms. Becker is a managing director of Cowen and
senior research analyst who covers airlines, air freight, and
aircraft leasing. She has more than 40 years of experience on Wall
Street, holding positions within the research, trading, and
investment banking departments of several broker/dealers including
Citi, Lehman Brothers, and Smith Barney. She was ranked the #1, 2,
or 3 analyst by Institutional Investor magazine for a decade, as
well as in the top 5 analysts by The Wall Street Journal.
She holds a bachelor’s degree from Montclair
State University and a Master of Business Administration from New
York University. She is on the Advisory Board and the Executive
Committee of the Feliciano School of Business at Montclair State,
as well as on the Finance and Accounting Advisory Board.
In addition, Ms. Becker served three terms on
the US Department of Commerce’s Travel and Tourism Advisory Board
and was on the US Chamber of Commerce’s Task Force on Climate
Change.
“We are delighted that Helane will join and lead
our Advisory Board. Her four decades as a top ranked airline
analyst at some of Wall Street’s top firms provides her a
perspective on our business that is critical to us as we expand the
breadth and depth of our brand. As well her extensive contacts in
the aviation industry are invaluable to us as we seek more
strategic alliances and partnerships to grow our business,” said Ed
Wegel, Chair and CEO of GlobalX.
“I have known Ed Wegel for many years, and am
excited to be on the Company’s advisory board,” said Ms.
Becker.
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, and Latin American markets. In 2022, GlobalX will
enter ACMI cargo service flying the A321 freighter, subject to DOT
and FAA approvals. 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
Statements
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, brand expansion, future strategic
alliances and partnerships to grow the Company’s business.
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;
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, 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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