Global Crossing Airlines Group Inc N.JET

Alternate Symbol(s): N.JET.B | JETBF | JETMF

Industrials Airlines

Global Crossing Airlines Group Inc. operates a United States Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (A320). Its business model is to provide services on an Aircraft, Crew, Maintenance and Insurance (ACMI) using wet lease contracts to airlines and non-airlines, and on a Full Service (Charter) basis whereby it provides passenger aircraft charter services to customers by charging an all-in fee that includes fuel, insurance, landing fees, and navigation fees. The Company also operates an ACMI cargo service, flying the A321 freighter. The Company maintains additional crew bases at locations: San Antonio International Airport (SAT) in San Antonio, Texas, and Harry Reid International Airport (LAS) in Las Vegas, Nevada. Its passenger aircraft fleet is built on the Airbus A320-200 fleet family. Its cargo aircraft fleet is based on the Airbus A321 aircraft type. It operates within the United States, Europe, Canada, Central and South America.

NEO:JET - Post by User

Global Crossing Airlines Group Inc

Bullboard Posts

Comment by FredZarfloonon Nov 28, 2018 12:01pm

122 Views

Post# 29033816

RE:RE:RE:RE:financing

I don't see that there's any committment to provide $40 million. JET has to find that on their own for this deal to close. The Latvian company has the option to buy an additional $7.5 million @ .33 cents if this deal closes - i.e. if JET gets an additional $40 million and their operation certificate. Please correct if wrong.