Miami, Florida--(Newsfile Corp. - January 28, 2021) - Global Crossing Airlines Inc. (TSXV: JET) (OTCQB: JETMF) (the "Company" or "GlobalX") pleased to announce the appointment of former Airbus North America Chairman - Mr. T. Allan McArtor to the GlobalX Board, where he will serve as Vice Chairman.
"We are honored that Allan has agreed to join us as Vice Chairman," said Ed Wegel, Chair and CEO. "He brings to our board a significant knowledge base in three crucial areas- US FAA regulatory practices, airline flight and maintenance operations, and Airbus aircraft platforms."
In addition, he has founded a start up airline and brings that experience to our team. We have asked him to work with our pilot group as they train to fly our Airbus A320, as well as our maintenance teams to fully understand the capabilities of the A320 family."
"I am delighted to join the board of GlobalX and share my deep experience in the airline business with this management team. I look forward to helping them finish their FAA certification and growing this airline with Airbus aircraft to take advantage of the market opportunities the team has identified," said Mr. McArtor.
T. Allan McArtor has had a long career in the airline and aerospace industry. He was Chairman of Airbus North America from 2001-2018, overseeing all aircraft marketing and sales, governmental affairs and customer support and training. Before joining Airbus, Mr. McArtor founded and served as Chairman and CEO of scheduled air carrier Legend Airlines at Dallas Love Field.
From 1979-1994 he served as Senior Vice President at Fed Ex Corp, overseeing the company's global airline operations, including maintenance, training and planning, the acquisition of Flying Tigers air cargo airline and the introduction of the A300-600 freighters. During that time, he served as Administrator of the US Federal Aviation Administration (FAA) from 1987-1989, modernizing the air traffic control system and restoring the public's trust in the US air transportation system.
He graduated as Cadet Wing Commander from the Air Force Academy ("AFA") in 1964 and holds an MS in Engineering from Arizona State. While on active duty with the Air Force, he was a decorated combat pilot in Vietnam, taught engineering at the AFA and capped his career as a pilot with the world famous "Thunderbirds" Aerial Demonstration Team,
About Global Crossing Airlines
GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.
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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 Company's intention to fly as an ACMI and wet lease charter airline, the destinations the Company intends to service, the completion of the FAA certification process and market opportunities.
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 financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; 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 information involves 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 information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, 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 operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has 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, estimated or intended. 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, the Company does 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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