Global Crossing Airlines
Global Crossing Airlines, initially trading as Global X, is a start up airline planning to use the Airbus A320 family aircraft. Subject to FAA and DOT approvals, Global X intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets. Global X plans to commence charter operations with A320 equipment in 2021.
On 15-Dec-2020, Global Crossing Airlines announced the formation of its first tour operator, CubaX, under Part 380 of the US Department of Transportation regulations. CubaX will initially operate daily Miami-Havana charter service with GlobalX aircraft, effective 2021.
On 23-Jun-2020, Global Crossing Airlines (GlobalX) announced the closure of the business combination between GlobalX and Jetlines. The transaction included the changing of Jetlines' name to Global Crossing Airlines.
On 21-Apr-2021, Global Crossing Airlines (GlobalX) provided an update to the planned spin out of Jetlines: GlobalX and Jetlines entered an arrangement agreement in 2020, pursuant to which the ownership interest of Jetlines will be distributed to the shareholders of GlobalX; On the closing of the transaction, Jetlines and GlobalX will be operated as separate companies with separate management teams and boards of directors; GlobalX expects that the closing of the transaction will occur prior to the end of 2Q2021.
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