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Bullboard - Stock Discussion Forum Global Crossing Airlines Group Inc JETMF


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

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... see more

NEO:JET - Post Discussion

Global Crossing Airlines Group Inc > Friday news. What you think?
View:
Post by RocketisRED on May 22, 2021 6:56pm

Friday news. What you think?

Just read the news that came out friday after market close. With the little Brain I have, this news signal delay in FAA certification. What you think?

https://www.stockwatch.com/News/Item/Z-C!JET-3085980/C/JET
Comment by Talkn2John on May 22, 2021 10:06pm
Definitely delayed!!!! So all these savy folks that can run an airline just figured this out now???! Maybe they can run an airline they just aren't knowledgeable about the rules that govern their industry and business..... Or they knew and just forgot?  Or they just never said anything and had it as an ace up their sleeve to buy time for more share funding.... effectively they were ...more  
Comment by WP1980 on May 24, 2021 5:09pm
No not at all. This is the Globalx CEO. This does not hold up final certification. Initially DOT approved the way we were dealing with the 25% cap on foreign (non US) voting shares. They have had a recent policy change though and reversed their decision and required us to ensure there were 75% of voting shares held by US citizens. This is a relatively easy fix and we are doing this while we finish ...more  
Comment by Magus22 on May 24, 2021 9:25pm
Thank you for the clarification.   
Comment by Talkn2John on May 25, 2021 7:14am
can you tell us how you were originally dealing with it? Thank you in advance!  
Global Crossing Airlines Group Inc
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