Global Crossing Airlines Announces Director Resignation

MIAMI, Dec. 11, 2024 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” oregon “GlobalX”), the Nation’s fastest increasing charter airline, contiguous announced that Mr. Paul Martins has tendered his resignation arsenic a Director of the Company and specified resignation has been accepted by the Board of Directors of the Company (the “Board”).

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At the Company’s Annual General Meeting held connected November 22, 2024, the fig of proxy votes withheld for the predetermination of Mr. Martins arsenic a manager was greater than the votes successful favor. As a result, successful accordance with the Company’s Majority Voting Policy, Mr. Martins tendered his resignation arsenic a manager of the Company. In accordance with the Policy, the Board, upon proposal of the Company’s Corporate Governance and Nominating Committee, made a determination to judge Mr. Martins resignation.

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About Global Crossing Airlines Group, Inc.

GlobalX is simply a US 121 home emblem and supplemental hose flying the Airbus A320 household of aircraft. The Company’s services see home and planetary ACMI and charter flights for passengers and cargo passim the US, Caribbean, Europe, and Latin America. GlobalX is IOSA certified by IATA and holds TCOs for Europe and the UK.

For much information, delight contact:

Company Contact

Ryan Goepel, President & CFO
Tel: (720) 330-2829

Investor Relations Contact

Sean Mansouri, CFA oregon Aaron D’Souza
Email: JET@elevate-ir.com

Cautionary Note Regarding Forward-Looking Information

This quality merchandise contains definite “forward looking statements” and “forward-looking information”, arsenic defined nether applicable United States and Canadian securities laws, concerning anticipated developments and events that whitethorn hap successful the future. Forward-looking statements contained successful this quality merchandise include, but are not constricted to, statements with respect to the Company’s craft fleet size, the destinations that the Company intends to service, the transportation and introduction into work timelines for aboriginal craft and the Company’s maturation plans.

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In definite cases, forward-looking statements tin beryllium identified by the usage of words specified arsenic “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” oregon variations of specified words and phrases oregon statements that definite actions, events oregon results “may”, “could”, “would”, “might” oregon “will beryllium taken”, “occur” oregon “be achieved” suggesting aboriginal outcomes, oregon different expectations, beliefs, plans, objectives, assumptions, intentions oregon statements astir aboriginal events oregon performance. Forward-looking statements contained successful this quality merchandise is based connected definite factors and assumptions regarding, among different things, the receipt of financing to proceed hose operations, the accuracy, reliability and occurrence of GlobalX’s concern model; GlobalX’s quality to accurately forecast demand; GlobalX volition beryllium capable to successfully reason definitive agreements for transactions taxable to LOI; the timely receipt of governmental approvals; the occurrence of hose operations of GlobalX; GlobalX’s quality to successfully participate caller geographic markets; the legislative and regulatory environments of the jurisdictions wherever GlobalX volition transportation connected concern oregon person operations; the Company has oregon volition person capable craft to supply the service; the interaction of contention and the competitory effect to GlobalX’s concern strategy; the aboriginal terms of fuel, and the availability of aircraft. While the Company considers these assumptions to beryllium tenable based connected accusation presently disposable to it, they whitethorn beryllium to beryllium incorrect.

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Forward-looking statements impact known and chartless risks, uncertainties and different factors which whitethorn origin the existent results, show oregon achievements of the Company to beryllium materially antithetic from immoderate aboriginal results, show oregon achievements expressed oregon implied by the forward-looking statements. Such factors see risks related to, the quality to get financing astatine acceptable terms, the interaction of wide economical conditions, risks related to proviso concatenation and labour disruptions, nonaccomplishment to clasp oregon get capable aircraft, home and planetary hose manufacture conditions, nonaccomplishment to reason definitive agreements for transactions taxable to LOI, the effects of accrued contention from our marketplace competitors and caller marketplace entrants, rider request being little than anticipated, the interaction of the planetary uncertainty created by COVID-19, aboriginal relations with shareholders, volatility of substance prices, increases successful operating costs, terrorism, pandemics, earthy disasters, currency fluctuations, involvement rates, risks circumstantial to the hose industry, risks associated with doing concern successful overseas countries, the quality of absorption to instrumentality GlobalX’s operational strategy, the quality to pull qualified absorption and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the indispensable licenses and permits; risks related to important disruption in, oregon breach successful information of GlobalX’s accusation exertion systems and resultant interruptions successful work and immoderate related interaction connected its reputation; and the further risks identified successful the “Risk Factors” conception 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 place important factors that could origin existent results to disagree materially from those described successful the forward-looking statements, determination whitethorn beryllium different factors that origin results not to beryllium arsenic anticipated, estimated oregon intended. Accordingly, readers should not spot undue reliance connected forward-looking statements. The forward-looking statements are made arsenic of the day of this quality release. Except arsenic required by applicable securities laws, the Company does not undertake immoderate work to publically update immoderate forward-looking statements. If GlobalX does update 1 oregon much forward-looking statements, nary inference should beryllium made that it volition marque further updates with respect to those oregon different forward-looking statements.

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