Global Crossing Airlines, doing business as GLOBALX (Atlantic City), has signed a letter of intent to purchase its first A320-200, it said in a statement on July 16 without naming the price or the origin of the aircraft.

The specific data for the aircraft has now been incorporated into the GLOBALX manual set submitted to the United States Federal Aviation Administration as part of the start-up's ongoing certification, the statement added.

The company also said it had retained Toronto-based consulting firm Venture Liquidity Providers to initiate its market-making service, in other words to provide assistance in maintaining an orderly trading market for the company's common and variable voting shares.

This service will be in compliance with the policies of the TSX Venture Exchange, and Global Crossing said it had agreed to pay Venture Liquidity Providers CAD5,000 Canadian dollars (USD3,683) per month for a period of 12 months for its services.

As previously reported, subject to FAA and DOT approvals GLOBALX intends to fly as an ACMI and charter airline serving the US, Caribbean, and Latin American markets.

On July 7, it announced the appointment of John Quelch, a professor and dean of the University of Miami Herbert Business School, to the GLOBALX Advisory Board to advise on trends in corporate governance, leadership, and executive and team training. The previous day, it appointed Christian Toro, previously of Southwest Airlines and Allegiant Air, as its vice president of technical operations and director of maintenance.