GlobalX plans to take off this summer

Global Crossing Airlines (GlobalX) (Miami) is finalizing its FAA certification using the Airbus A320 family of aircraft. Subject to final FAA and DOT final approvals, GlobalX will fly as an ACMI, wet lease, and ad-hoc charter airline serving the US, Canadian, Caribbean and Latin American markets.

The new airline hopes to take off this summer once it receives its AOC.

The upstart currently has two aircraft:

In other news, ST Engineering will lease up to five Airbus A321 Passenger-to-Freighter (P2F) aircraft to Global Crossing Airlines (GlobalX).

The first A321 aircraft to be converted will be in April 2022 and will be placed on lease in the fourth quarter of 2022. The remaining four P2F aircraft will be converted and leased to GlobalX progressively.

In other news, the company previously provided an update on its Jetlines transaction:

Pending all regulatory approvals of the transaction, each shareholder of GlobalX will receive one share of Jetlines for every two shares of GlobalX on the Record Date. This transaction allows GlobalX to maximize the value of the Jetlines assets acquired in the reverse take-over, and to continue to drive value for our GlobalX and legacy Jetlines investors.

GlobalX effectively took control of the assets of upstart Jetlines.