April 23, 2024

Global Crossing Airlines and Canada Jetlines Partner on Scheduled Charter Service Between Toronto and Florida

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Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) and Global Crossing Airlines Group Inc. (JET: TSX-V; JET.B: TSX-V; JETMF: OTCQB) (“GlobalX”), are pleased to announce that Canada Jetlines (through its Canada Jetlines Vacations Ltd.) subsidiary, and GlobalX (through its GlobalX Air Tours LLC subsidiary) intend to launch their first partnership on the sale of public charter flights between Toronto and Florida.

The arrangement is the first between the two companies since GlobalX completed the spin out of Canada Jetlines in June 2021 to shareholders. Under the terms of the arrangement, Canada Jetlines Vacations will jointly market and sell seats on GlobalX public charter flights over a six-week period. Round trip charter flights are expected to operate from Toronto to Miami and Fort Lauderdale weekly beginning in March 2022. The parties are targeting that tickets will go on sale in December 2021, pending receipt of all final regulatory approvals including approval from, and completion of Canada Jetlines Vacation registration with, the Travel Industry Council of Ontario (TICO). Flights will be operated on GlobalX Airbus A320 aircraft. Canada Jetlines intends to start operating flights to Florida with its own A320 aircraft once it has completed its certification and receives all required government approvals.

“This partnership is exactly what we envisioned when we spun off Canada Jetlines- creating Canada’s newest low-cost airline. The alliance between the two airlines allows us to fly for each other to open new charter routes, provide additional capacity at certain peak periods for each airline and to maximize the benefits of the two networks. We look forward to flying these charter routes for our partner as the first step in expanding our alliance,” said Ed Wegel, Chair and CEO of GlobalX.

“The ability for Canada Jetlines Vacations to charter GlobalX to operate flights to Florida this upcoming winter is exciting news for Canada Jetlines. The partnership with GlobalX allows us the flexibility to quickly react and open routes and charter flights that would otherwise not be available,” said Eddy Doyle, CEO of Canada Jetlines.

About Canada Jetlines

Canada Jetlines is a 100% equity financed and well capitalized low-cost tour and charter leisure carrier that will utilize a growing fleet of Airbus 320 aircraft to service popular sun destinations targeting a start in early 2022, subject to Canadian Transport Agency and Transport Canada approval. For more information about everything Canada Jetlines, please visit www.jetlines.ca.

For more information about Canada Jetlines, please contact:

Eddy Doyle
Chief Executive Officer
Canada Jetlines Operations Ltd.
Email: [email protected]

Or

Jeff Walker, Vice President – The Howard Group
Email: [email protected]
Tel: 403.221.0915
Toll Free: 1.888.221.0915

About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as an ACMI and wet lease charter airline serving the US, Caribbean, and Latin American markets. For more information, please visit www.globalxair.com.

For more information about GlobalX, please contact:

Ryan Goepel, EVP and CFO
[email protected]
786.751.8503

Or

Tracie Gunion, Investor Relations
Email: [email protected]
Tel: 786.793.5424

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the destinations of planned charter flights, the commencement of planned charter flights, the timeline to sell tickets and commence the planned charter flights, Canada Jetlines intention to fly its own A320 aircraft, the timeline for Canada Jetlines to launch its own aircraft operations and destinations it intends to service, statements about the future intentions related to the partnership between GlobalX and Canada Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” 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 information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of regulatory approvals by GlobalX and Canada Jetlines including approval from TICO, the receipt of financing by Canada Jetlines to commence airline operations, the conclusion of definitive agreements for aircraft required to operate by Canada Jetlines and GlobalX, the accuracy, reliability and success of GlobalX’s and Canada Jetlines’ business model; the timely receipt of governmental approvals; the timely commencement of operations by Canada Jetlines and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX and Canada Jetlines will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s and Canada Jetlines’ business strategy; and the availability of aircraft. While Canada Jetlines and GlobalX considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GlobalX and Canada Jetlines to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the failure to obtain TICO registration and approval, the ability to obtain financing, the impact of general economic conditions, domestic and international airline industry conditions, the failure to conclude definitive agreements for aircrafts, supply chain disruptions causing delays in expected timelines, 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, the ability of management to implement GlobalX’s or Canada Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of licenses and permits; and the additional risks identified in the “Risk Factors” section of Canada Jetlines and GlobalX’s reports and filings with applicable Canadian securities regulators. Although Canada Jetlines and GlobalX have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, GlobalX and Canada Jetlines do not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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