Global Crossing Airlines Announces Agreement to Lease an A321 Freighter from ATSG

MIAMI, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that is has reached agreement to lease an additional A321 freighter for delivery in October 2023 from Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group, Inc. (Nasdaq: ATSG).

“We are pleased to be able to lease our first A321 freighter from CAM, a worldwide leader in cargo aircraft conversions and leasing, and we greatly appreciate ATSG’s support of our team and our business plan. Our A321F fleet has performed extremely well - with better fuel burn, and load and unload times for both main deck and lower belly of less than 45 minutes. The A321F takes 50% more volume than its narrowbody competitor and is quickly shaping up to be the 757 freighter replacement aircraft. Along with our customers, we are extremely pleased with the A321F performance and we will continue to grow our fleet of A321 freighters along with the increasing demand for the aircraft,” said Ed Wegel, Chair and CEO of GlobalX.

“ATSG is excited to partner with GlobalX as they continue their transformational growth,” stated Paul Chase, chief commercial officer for ATSG. “We continue to seek partnerships that expand our global leasing footprint with companies that focus on the customer by providing world class service and reliability.”

About Air Transport Services Group

ATSG is a leading provider of aircraft leasing and cargo and passenger air transportation and related services to domestic and foreign air carriers and other companies that outsource their cargo and passenger airlift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.