Global Crossing Airlines Group Inc N.JET

Agreement for A321 Freighters with Greenwich Highland Avia.

[Betteryear2]

MIAMI, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: TSX-V; JET.B: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) announces the signing of an order for the long term lease of four Airbus A321 Passenger-to-Freighter (P2F) aircraft with options for multiple additional units from a Greenwich Highland Aviation, LLC (“GHA”) managed entity.

GHA arranged the acquisition of the four Airbus A321 passenger aircraft, the first of which (MSN 1438) will commence conversion in January 2022 and will enter service with GlobalX in July 2022. The second aircraft (MSN 1953) will commence conversion in June 2022 and will be placed into service by GlobalX in December 2022. The next two aircraft will be converted and leased to GlobalX in 2023.

“We are very pleased to enter into these orders for long term leases with Greenwich Highland – an experienced and successful lessor who understand the narrow body freighter market and our particular requirements. We hope and expect to expand this deal beyond the first four aircraft and convert more A321s with GHA,” said Ed Wegel, Chairman and CEO of GlobalX.

“We are very impressed with GlobalX’ execution of their business plan and their progress in building a world class charter airline. We look forward to working closely with Ed and his great team to deliver these four aircraft and more as we continue to develop our mutually successful long term partnership,” said Stuart Peebles, Principal of Greenwich Highland Aviation.

https://www.globenewswire.com/news-release/2021/10/05/2308635/0/en/Global-Crossing-Airlines-Announces-Agreement-for-A321-Freighters-with-Greenwich-Highland-Aviation.html