16.11.2021 - 23:52 UTC
Jetlines (CJL, Vancouver Int'l) has announced it will launch operations in March 2022, albeit initially as a virtual carrier chartering an A320-200 from GLOBALX (GXA, Miami Int'l), its former parent company.
The Canadian carrier's in-house travel unit, Canada Jetlines Vacations, will charter an A320-200 from GLOBALX and sell seats for public charter flights from Toronto Pearson to Miami Int'l and Fort Lauderdale Int'l. The partnership will begin in March 2022 (with ticket sales expected to launch in December 2021), pending receipt of all regulatory approvals, including approval from the Travel Industry Council of Ontario (TICO), and will initially run for just six weeks.
Canada Jetlines said that as soon as it completes its certification as an airline, it will take over the routes and operate them using in-house A320-200 aircraft.
"This partnership is exactly what we envisioned when we spun off Canada Jetlines - creating Canada's newest low-cost airline. The alliance between the two airlines allows us to fly for each other to open new charter routes, provide...
27.10.2021 - 00:41 UTC
Talon 1 Acquisition, a Special Purpose Acquisition Company (SPAC), or “blank check company,” created earlier this year by AVi8 Air Capital, has filed initial paperwork at the United States Securities and Exchange Commission (SEC) to raise up to USD200 million in an initial public offering.
The principal owners of AVi8, a commercial aviation consulting firm founded in 2016, are Edward J Wegel, who is also chairman and chief executive of passenger charter and cargo start-up GLOBALX (GXA, Miami Int'l), as well as Triage Capital and General American Capital Partners. The proposed IPO has an option to upsize to USD230 million.
GLOBALX Chief Financial Officer Ryan Goepel was named in the disclosure as being in the same position at both Talon 1 Acquisition and AVi8 Air Capital.
According to the filing, South Florida-based Talon 1 Acquisition plans to raise the funding by offering 20 million units - each unit consisting of one share of common stock and one-half of a warrant - at USD10 each and exercisable at USD11.50. At the proposed deal size, Talon 1...
06.08.2021 - 01:10 UTC
The US Department of Transportation issued a certificate of public convenience and necessity for interstate charter flights to Florida's GLOBALX (GXA, Miami Int'l) on August 3, a day after the US Federal Aviation Administration (FAA) granted the carrier its Part 121 Air Operator's Certificate (AOC).
Following the receipt of both permits, the start-up petitioned the DOT to waive its standard six-day waiting period before its decision takes effect. The airline underlined that not only has it all the required certificates to begin operations immediately but also has sufficient funds, having eliminated its earlier negative balance sheet and paid all of its pre-operational start-up costs.
GLOBALX's AOC authorises it to operate scheduled flights from Atlantic City, Miami Int'l, and Punta Cana. Its DOT certificate limits its fleet to two aircraft for the time being with a mandatory 45-day notice period should GLOBALX plan to expand its fleet beyond this number. Initially, the airline will operate one A320-200 and one A321-200, although it has tentative plans to add a further two A320-200s...
26.07.2021 - 04:31 UTC
The US Department of Transportation (DOT) is set to grant GLOBALX (GXA, Miami Int'l) authority to conduct charter flights after it issued a show-cause order to that effect.
Following a lengthy application process in which Global Crossing Airlines, Inc., trading as GLOBALX, was asked to clarify its complex ownership structures, the DOT said it found the start-up fit, willing, and able to conduct interstate and foreign charter air transportation of persons, property, and mail as a US certificated air carrier. The DOT also granted a GLOBALX request to shorten the answer period to the filing of objections to its order from 14 calendar days to 7 business days as of July 23.
GLOBALX intends to operate charter flights from its hub in Miami, Florida, to points in Latin America, Cuba, and the Caribbean, and conduct sports and casino charters under an ACMI agreement, wherein it will provide the ACMI while the charterer will pay for, among other things, fuel, landing fees, and ground handling expenses. The company plans to operate two aircraft initially - one A320-200...
