Global Crossing Airlines

Global Crossing Airlines

Global Crossing Airlines, incorporated in Canada and operating under the name GlobalX, was founded in 2019 by Chairman and CEO Chris Jamroz. The company acquired its FAA Part 121 air carrier certificate in August 2021 and commenced revenue operations primarily as an ACMI and charter carrier based in Miami, Florida. The airline does not operate a scheduled route network; instead, it provides aircraft, crew, maintenance, and insurance services to other airlines and tour operators on a wet-lease basis. GlobalX deploys a single fleet type — Airbus A320 family aircraft, encompassing both passenger-configured A320s and A321s alongside a growing freighter division. The company's core charter business serves sports teams, corporate shuttles, government agencies, and music tour logistics. Confirmed financial relationships and contracts include agreements with TUI Group, Viva Aerobus, and several U.S. Department of Defense operations. In 2023, GlobalX received FAA certification to add A321 passenger-to-freighter converted aircraft to its operating certificate, explicitly targeting the e-commerce and express cargo markets. The airline's geographic footprint spans North American operations, with increasing Caribbean and Latin American charter activity. As of mid-2024, the fleet comprises over a dozen aircraft, with disclosed plans to expand both the passenger and freighter divisions. GlobalX operates as a publicly traded entity on the OTCQX platform under the ticker JETMF and on the Canadian NEO Exchange under JET.B, maintaining an unconventional capital structure for a U.S.-based operator. In February 2024, GlobalX secured a $35 million term loan facility to refinance existing debt and fund working capital, including pre-delivery payments for additional aircraft acquisitions. GlobalX's structural differentiator lies in its pure-play charter model within the North American narrowbody market. While most regional and leisure carriers generate primary revenue from scheduled service, GlobalX focuses exclusively on outsourced lift, absorbing fleet-utilization risk from mainline carriers and tour operators. The addition of a freighter certificate diversifies it beyond the passenger-only charter operators that historically populated this space.