Global Crossing Airlines Partners with Karbon-X to Further Commit to Sustainable Air Travel

MIAMI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is proud to announce a strategic partnership with Karbon-X, a leading carbon offset provider, to advance its commitment towards sustainable and environmentally-friendly air travel.

This collaboration sees GlobalX investing in a carbon offsetting program proposed by Karbon-X that aims to counteract the CO₂ emissions generated by GlobalX's airline operations. The program involves offsetting 20% of the airline's total fuel burn for the first three years and setting up models allowing customers the choice to offset the emissions created from their flights.

At current operation levels, Karbon-X will be supplying GlobalX with approximately 83,000 CORSIA certified offsets annually over the course of the agreement. Karbon-X will also offer consultancy to GlobalX for potential environmentally friendly projects, advancing the ESG component of the business.

GlobalX has been on the forefront of sustainable aviation, having recently signed a letter of Intent to purchase 50 all-electric Alice aircraft, indicating their steadfast commitment to green technology in aviation. The collaboration with Karbon-X further strengthens this commitment, and the airline looks forward to offering passengers the choice of carbon-neutral flights through a feasible fuel surcharge or ECO fee.

Karbon-X, with its proven track record in carbon offsetting, offers individuals and businesses the chance to invest in projects that reduce or remove carbon dioxide from the atmosphere. The collaboration with GlobalX reiterates their mission of changing the world one offset at a time.

“GlobalX is pleased to partner with Karbon-X to expand our environmental commitment by implementing our carbon offset program, “said Ryan Goepel, Chief Financial Officer of GlobalX. “In addition to our commitment, each of our clients will have the ability to further offset the impact of each of their flight operations, allowing them to further expand each of their unique ESG initiatives.”

"We are thrilled to work with GlobalX and contribute to their environmental commitments," said Chad Clovis, CEO of Karbon-X. "Our partnership will not only help offset emissions but will also raise awareness on the importance of sustainable travel."

Both companies are excited about the positive change this partnership promises and remain committed to ensuring a greener future for air travel.

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