- Miami-based Global Crossing Airlines (JET) is acquiring Flugy.com, a crowdsource travel platform
- Flugy is an online travel platform where members suggest remote and exotic travel destinations
- Members then crowdsource group charter flights to those destinations
- Flugy is currently accepting new members, and beginning to crowdsource its inaugural member destination preferences
- Global Crossing Airlines is unchanged, trading at C$2.32 per share at 11:35 am ET
Miami-based Global Crossing Airlines (JET) is acquiring Flugy.com, a crowdsource travel platform.
Flugy is an online travel platform where members suggest remote and exotic travel destinations. They then crowdsource group charter flights to those destinations.
Charter flights to the destinations offer non-stop flights without the challenges of layovers or prohibitive airline schedules, all while traveling with a like minded group of adventurers.
Global Crossing is currently in FAA certification using the Airbus A320 family aircraft.
The acquisition combines the Flugy member platform with the charter operations expertise of the Global Crossing leadership team and access to its growing fleet of Airbus A320 family of charter aircraft.
The company aims to offer customers and members a seamless charter experience combined with the flexibility to easily access previously difficult flight markets.
Flugy is currently accepting new members, and beginning to crowdsource its inaugural member destination preferences and requests.
“The acquisition of Flugy is an integral part of our business plan to diversify our revenue streams and to provide more demand for our A320 aircraft. We believe crowdsourcing of travel, given what we have all gone through over the past year, is the next big idea in using on-line booking platforms to bring together travelers to enjoy specific experiences that they help create,” said Global Crossing Airlines Chair and CEO Ed Wegel.
Global Crossing Airlines has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and Department of Transportation approvals, the company intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.
Global Crossing Airlines is unchanged, trading at C$2.32 per share at 11:35 am ET.
