/EIN News/ — MIAMI, Jan. 09, 2023 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the appointment of Mr. Glen Gates as Vice President – A321 Freighter Programs.
Mr. Gates brings over 38 years of creating and managing profitable freighter revenue programs. In 1985, Glen launched a new cargo unit for Midway Airlines as Director Cargo Marketing and then worked for DHL Airways as Director Charter and Contract services for the all cargo B727F and DC8F market. Glen also worked at Active Aero/USA Jet as VP Sales & Marketing, where he generated new business flying just-in-time auto parts to tier one manufacturing and automotive assembly plants throughout the U.S. Canada and Mexico. He later served as Director Global Charter Management Group, National Air Cargo.
Over the last 4.5 years, Glen has held ever increasing senior management level positions as Director, Senior Director and Vice President, with Amerijet where he was responsible for building the ACMI, CMI, on-demand and long term track program cargo charter business. Additionally, Glen had responsibility for international commercial air mail and domestic/offshore for Point-to-Point and Ordering Agreement multi-year contracts with Postal organizations.
Mr. Gates has a B.S. Air Commerce and Transportation Technology from Florida Institute of Technology College of Aeronautics.
“We are delighted Glen is joining us at GlobalX as we prepare to take delivery of our first two A321 freighters. We will look to him to build our ad hoc and long-term cargo charter business in the automotive parts, pharma, and other cargo sectors to complement our ACMI cargo charters on behalf of some of the leading airlines in the Americas,” said Ed Wegel, Chair and CEO of GlobalX.
“I am excited to join GlobalX and build our ad hoc charter business with the A321 freighter, the best in class narrowbody freighter,” said Glen Gates, Vice President – A321 Freighter Programs.
About Global Crossing Airlines
GlobalX is a US 121 domestic flag and supplemental Airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets. In Q1 2023, GlobalX will enter ACMI cargo service flying the A321 freighter, subject to final FAA approvals. For more information, please visit www.globalxair.com.
For more information, please contact:
Ryan Goepel, EVP and CFO
Cautionary Note Regarding Forward-Looking Information
This news release contains certain “forward looking statements” and “forward-looking information”, as defined under applicable United States and Canadian securities laws, concerning anticipated developments and events that may occur in the future. Forward-looking statements contained in this news release include, but are not limited to, statements with respect to the Company’s aircraft fleet size, the destinations that the Company intends to service, process and timeline for completion of the FAA freighter certification process, the delivery and entry into service timelines for future aircraft and plans related to the cargo business of GlobalX.
In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking statements contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of GlobalX’s business model; GlobalX’s ability to accurately forecast demand; GlobalX will be able to successfully conclude definitive agreements for transactions subject to LOI; the timely receipt of governmental approvals; the success of airline operations of GlobalX; GlobalX’s ability to successfully enter new geographic markets; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the Company has or will have sufficient aircraft to provide the service; the impact of competition and the competitive response to GlobalX’s business strategy; the future price of fuel, and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, risks related to supply chain and labor disruptions, failure to retain or obtain sufficient aircraft, domestic and international airline industry conditions, failure to conclude definitive agreements for transactions subject to LOI, the effects of increased competition from our market competitors and new market entrants, passenger demand being less than anticipated, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, risks associated with doing business in foreign countries, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labor disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; risks related to significant disruption in, or breach in security of GlobalX’s information technology systems and resultant interruptions in service and any related impact on its reputation; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements are made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking statements. If GlobalX does update one or more forward-looking statements, no inference should be made that it will make additional updates with respect to those or other forward-looking statements.