# Global Crossing Airlines

Global Crossing Airlines is an Asset Manager based in Miami, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** globalxair.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Mobility & Transportation

## People

- Chris Jamroz — Chairman and CEO
- Ryan Goepel — President and CFO

## Questions

### What is Global Crossing Airlines' revenue model and how does it differ from a scheduled carrier?

GlobalX earns revenue through ACMI (wet-lease) and full-service charter contracts rather than selling individual tickets on scheduled routes. Under ACMI arrangements, client airlines pay GlobalX for the aircraft, crew, maintenance, and insurance. This transfers fleet-utilization risk to the lessee and provides GlobalX with contractually defined revenue streams that are not exposed to passenger-load-factor volatility.

### Does Global Crossing Airlines operate cargo aircraft?

Yes. In 2023, GlobalX obtained FAA certification to operate A321 passenger-to-freighter converted aircraft. The cargo division targets the express-package and e-commerce logistics markets, predominantly operating on behalf of integrators and large freight forwarders. This dual passenger-cargo certificate distinguishes it from many pure-play passenger charter operators.

### How does GlobalX structure its fleet and why does it operate a single fleet type?

GlobalX operates exclusively Airbus A320-family aircraft across both its passenger and freighter divisions. A single-type fleet simplifies crew training, spare-parts inventory, and maintenance scheduling, reducing unit operating costs. The company acquires used airframes and, for freighters, manages the conversion process to add dedicated cargo aircraft to its certificate.

### Is Global Crossing Airlines publicly traded?

Yes. GlobalX trades on the OTCQX Best Market in the United States under the ticker JETMF and on the Canadian NEO Exchange under JET.B. This dual listing structure is atypical for U.S.-based charter carriers and reflects its incorporation in Canada.

### Who runs investment decisions and fleet strategy at GlobalX?

Chairman and CEO Chris Jamroz and President and CFO Ryan Goepel jointly oversee capital allocation, fleet acquisition, and financing strategy. The company has funded growth through a mix of equity raises, secured debt facilities, and structured lease agreements with major aircraft lessors.

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Last updated: 2026-06-03T20:00:00.000Z

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