Miami, Florida–(Newsfile Corp. – September 14, 2020) – Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the “Company” or “GlobalX“) has signed a Joint Venture Agreement (the “JV“) with Global Aviation Services, Inc. of Toronto, Ontario, Canada (“GAS“), a leading supplier of aircraft ground and passenger handling capabilities with over 45 airline clients and operating at airports in both Canada and the United States.
The JV will launch GlobalX Ground Team™, which will initially provide all of the ground and passenger handling requirements for GlobalX Airlines at airports in the US (including Miami, Ft. Lauderdale and Atlantic City), and internationally (including Toronto, Montreal and Nassau, Bahamas) and will provide expansion to other airports as GlobalX prepares for its launch as a Airbus A320 charter airline. Each of GlobalX and GAS will hold a 50% interest in the JV. No shares of GlobalX are being issued in connection with this transaction.
Ed Wegel, Chairman of GlobalX, stated, “We are very pleased to be working with GAS to create this JV. It will allow us to establish Ground Team™ to not only handle GlobalX requirements but eventually other airlines as well.”
Added Juan Nunez, VP-Operations for GlobalX, “This JV with GAS will allow us to better control and fully integrate the handling of our aircraft, above and below wing, to ensure the highest standards for passenger and ramp handling are met and exceeded, and increase our efficiency and reduce our costs.”
Carm Borg, Founder and Chairman of the Board of GAS, said, “We are very excited about this new partnership for ground handling with GlobalX and we are excited to welcome them to our growing list of airlines and to our Global Family. The potential for GAS to expand our footprint with GlobalX is great, and we look forward to contributing to the success of this new venture.”
Colin Saunders, Chief Executive Officer of GAS added, “We are thrilled about this new venture with GlobalX. We are positioned well to provide great service for GlobalX passengers and we are eager to get started! We look forward to showcasing our “ABOVE and BEYOND” values with our new airline partners.”
About GlobalX Ground Team™
GlobalX Ground Team is a joint venture company to be established, owned and managed by Global Crossing Airlines, Inc. (Miami, FL, USA) and Global Aviation Services, Inc. (Toronto, Ontario, Canada) to provide ground handling services for GlobalX aircraft at airports in the US, Canada, and the Caribbean, and to offer ground and other handling services to other airlines at those airports.
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