- Global Crossing Airlines (OTCQB: JETMF) completes its first aircraft acquisition and secures four additional leases.
- The acquisitions will expand GlobalX's fleet by 20%, supporting its business growth.
- Deliveries are scheduled between August and November 2025, with pending regulatory approvals.
Global Crossing Airlines (OTCQB: JETMF) has announced a significant milestone in its growth strategy by acquiring its first aircraft and securing lease agreements for four additional Airbus aircraft. The company has purchased an Airbus A320 (MSN 3101) from Falcon 2019-1 Aerospace Limited, with financing facilitated by Volofin Capital Management Ltd.
In addition to the purchase, GlobalX has signed definitive lease agreements with AE Industrial Partners for four Airbus A319 aircraft. This acquisition marks a 20% increase in the company's existing fleet, underscoring its commitment to scaling its charter and passenger service business.
The first delivery of the A319 aircraft is scheduled for August 31, 2025, and subsequent deliveries are expected on September 30, October 31, and November 30, 2025. Upon receiving all planes and obtaining necessary approvals from the Federal Aviation Administration (FAA) and Department of Transportation (DOT), GlobalX will operate a fleet of 22 Airbus A320 family aircraft.
This transition from a solely leased fleet to a hybrid ownership model is a strategic move by GlobalX to manage long-term operating costs better and build tangible asset value. Ryan Goepel, President and CFO, emphasized that owning select aircraft offers improved planning for maintenance and modifications, thereby enhancing the company's financial metrics and positioning it for long-term success.
