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MIAMIThe startup carrier Global Crossing Airlines (GlobalX) has announced that it expects the delivery of its first A321 freighter in June 2021. 

In addition to this delivery, GlobalX is close to finalizing the leases for its first two previously announced passenger aircraft expected to be delivered in December 2020 and January 2021. To help fund the deposits on these two planes, GlobalX has completed another Draw Down under the GEM Facility in accordance with the GEM Agreement as previously disclosed.

“We are happy to continue to work with GEM as they continue to support our progress. The true benefit of working with our GEM facility is that it allows us to draw the amounts needed at the right time to fund our certification and aircraft acquisitions,” Ryan Goepel EVP and CFO of GlobalX said.

Last month, GlobalXhas signed an LoI (Letter of Intent) with aircraft and asset specialist VALLAIR to lease ten converted A321 freighter aircraft. The LOI signed between the two companies is the most notable deal in the history of the A321F.#
Via (Global Crossing Airlines)
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