- Global Crossing Airlines Group (JET) has received approval from the US FAA for cargo operations
- The company will commence revenue cargo flights with the A321 Passenger to Freighter aircraft (A321F) this week
- GlobalX is scheduled to take delivery of an additional three A321F aircraft in 2023 for a total of six
- GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets
- Global Crossing Airlines Group Inc. (JET) is up 6.94 per cent on the day, trading at C$1.54 per share at 1:15 pm ET
Global Crossing Airlines Group (JET) has received approval from the US FAA for cargo operations.
The company will commence revenue cargo flights with the A321 Passenger to Freighter (P2F) aircraft (A321F) this week.
“This is a tremendously significant milestone for GlobalX on our path to being one of the leading narrow-body charter operators for passengers and freight in North America. Our expansion into cargo has always been a key aspect of our growth strategy to diversify our revenue streams and maximize the use of all of our assets,” said Ed Wegel, Chair and CEO.
“We are also particularly honoured to be the first airline in the Americas to operate the A321F, and we believe this aircraft is a game changer in the narrowbody freighter market.”
GlobalX currently has one A321F aircraft and is expecting the second A321F to arrive by mid-March, with the third A321F to be delivered in May. GlobalX is scheduled to take delivery of an additional three A321F aircraft in 2023 for a total of six and two more in 2024. GlobalX is currently finalizing leases on lessor commitments for another five A321F aircraft to be delivered in the 2024-2025 time frame and is working on letters of intent for two additional A321F aircraft.
The A321 P2F features a capacity of 14 upper deck and 10 lower deck containers, which is fifty-five percent more containerized volume than the Boeing 737-800 freighter and fourteen percent more containerized volume than the Boeing 757-200 freighter.
GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets.
Global Crossing Airlines Group Inc. (JET) is up 6.94 per cent on the day, trading at C$1.54 per share at 1:15 pm ET.
