Global Crossing Airlines announces European summer wet charter program with TUI fly Netherlands

Global Crossing Airlines Group Inc.

MIAMI, June 27, 2022 (GLOBE NEWSWIRE) — Global Crossing Airlines Group Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” Where “GlobalX”) is pleased to announce the signing of an ACMI wet lease agreement for the operation of two (2) Airbus A320 (the “Plane”) for TUI Airlines Netherlands BV (« TUI fly Netherlands”), for use in its European summer programs. GlobalX will provide the qualified aircraft and crew to TUI fly Netherlands for peak season flights in July and August 2022. From an operating base in Amsterdam, GlobalX will operate daily flights throughout Europe.

“We are honored to fly for TUI fly Netherlands, part of TUI, Europe’s largest travel agency and one of Europe’s largest airlines. We greatly appreciate their trust in us to transport their valued clients to their vacations. We plan to grow as a company by also observing and learning best practices from TUI fly Netherlands in their day-to-day operations,” said Ed Wegel, President and CEO of GlobalX.

“Each year, TUI and its airlines need additional aircraft capacity to meet peak season demand in our European markets. GlobalX, as a new operator with an experienced team, offers a perfect match with our demands and we are happy to welcome them into our network,” said Roel Martens, Head of Aeronautical Leasing at TUI.

About Global Crossing Airlines

GlobalX is a US national flag 121 and additional airline flying the Airbus A320 family aircraft. GlobalX flies as an ACMI passenger and charter airline serving the United States, Caribbean and Latin American markets. In 2022, GlobalX will enter ACMI freighter service flying the A321 freighter, subject to DOT and FAA approvals. For more information, visit www.globalxair.com.

Abuyou TUI

TUI is the leading travel agency in the Netherlands and is part of the international TUI Group, one of the world’s leading tourism groups. The vast portfolio brought together under the umbrella of the group includes powerful tour operators, 1,600 leading travel agencies and online portals, five airlines with around 150 aircraft, more than 400 hotels, 16 cruise liners and numerous agencies receptive in all the main holiday destinations of the world. It covers the entire tourism value chain under one roof. This integrated offer allows the company to provide 27 million customers with an unparalleled vacation experience in 180 regions. A key feature of the corporate culture is the overall responsibility for economic, environmental and social sustainability. This is reflected in over 20 years of commitment to sustainable tourism.

For more information please contact:

Mark Salvador, Marketing Director
E-mail: [email protected]
Tel: 786.751.8510

Caution Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” and “forward-looking information”, as defined by applicable United States and Canadian securities laws, regarding anticipated developments and events that may occur in the future. Forward-looking statements in this press release include, but are not limited to, statements regarding the size of the company’s aircraft fleet, the destinations the company intends to serve, details of planned flights for Tui fly Netherlands and the growth of the Company.

In some cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “budget”, “planned”, “estimates”, “anticipates”, “intends”, ” anticipates” or “or variations of such words and phrases or statements that certain actions, events or results “could”, “could”, “will”, “could” or “will be taken”, “will occur” or “will be achieved” suggesting future results, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance. The forward-looking statements contained in this press release are based on certain factors and assumptions regarding, among others, the receipt of funding to continue airline operations, the accuracy, reliability and success of GlobalX’s business model; GlobalX’s ability to accurately forecast demand; the timely receipt of government approvals; the success of GlobalX’s flight operations; GlobalX’s ability to successfully enter new geographic markets; the laws and regulatory environments of the jurisdictions where GlobalX will operate or conduct business; the Company has or will have a sufficient number of aircraft to provide the service; the impact of competition and the competitive response to GlobalX’s business strategy; future fuel prices and aircraft availability. Although 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 that 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. forward-looking statements. These factors include risks relating to the ability to obtain financing on acceptable terms, the impact of general economic conditions, risks relating to the supply chain and labor disruptions, the inability to retain or obtaining sufficient aircraft, domestic and international airline industry conditions, the effects of increased competition from our market competitors and new market entrants, lower than expected passenger demand, the impact of the global uncertainty created by COVID-19, future shareholder relations, fuel price volatility, increased operating costs, terrorism, pandemics, disasters, currency fluctuations, interest rates interest, risks specific to the airline industry, risks associated with doing business in foreign countries, management’s ability to implement the strategy GlobalX’s operational strategy, the ability to attract qualified executives and personnel, labor disputes, regulatory risks, including risks related to the acquisition of necessary licenses and permits; risks relating to a material disruption or breach of security of GlobalX’s information technology systems and resulting service interruptions 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 United States 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 expected. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking statements. If GlobalX updates one or more forward-looking statements, no inference should be made that it will make any additional updates with respect to such or other forward-looking statements.

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