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 PrairieOilon Mar 28, 2019 9:03am

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Post# 29546969

RE:RE:RE:T-Shirts?

john378 wrote:
"you think they are not going to extend this ?"

I never even implied that they would not...at least not the first time. What I think you are under-estimating is the significance of missing any deadline. Smartlynx did not just pull that date out of their buttocks because a date had to be filled in. If an extension is needed and given (Assuming on both fronts), then I think you will find that Jetlines will be on a much shorter leash. As it stands right now it is only a bridge loan and all bridges must have another side. Smartlynx did not loan them that money to live off of. They loaned them that money to buy them time to secure start-up financing...and the deadline for that event was set at May 31.

Why I mention this is because of their last press release. For some reason people got excited by them rehashing services and software that they had already purchased. Now what I found interesting in that press release was the words between those lines...and those words were 'no words'.

What I am getting at is, the only real news at this point in time is the start-up financing. Jetlines chose to put out a press release with 2 1/2 months left before their deadline and it was just a rehash of what we already knew. There was not even a whisper about any ongoing talks on the financial front. They felt the need to tell us once again about old mundane events, but totally 'forgot' to give even a superficial update on that which was mission critical. That I found to be very telling.

Now that I think about it I am probably wasting my time posting on this board as long as the general mindset is along the lines of "Partnering" with a toilet paper supplier for their lavatories (If they ever become an airline) is a milestone to becoming an airline. I will hold off commenting further until there is some form of news on the financial front or May 31 or someone wishes to discuss the nuts and bolts business end of running a business. (Which ever comes first)

Best wishes until then.