Global Crossing Airlines Announces Asia Pacific Joint Venture with ATB Aviation Australia
GLOBAL CRSSIG ARLINS NEW (JETMF)
Company Research
Source: GlobeNewswire
MIAMI, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the Nation's fastest growing charter airline, today announced that it has entered into a joint venture with ATB Aviation Australia (“ATB Aviation”) to establish a new airline headquartered in Melbourne, Australia. Serving the Asia-Pacific (APAC) region, a market with dynamic growth potential, the new airline will operate as a charter airline, offering both charter and ACMI (Aircraft, Crew, Maintenance, and Insurance) services. This innovative aviation model promises unmatched convenience for passengers and businesses across the APAC region. The charter and ACMI business models are widely recognized for efficiency, flexibility, and economic viability, particularly in comparison to traditional commercial airlines. Like its US counterpart, the new joint venture entity will provide both passenger and cargo transportation services
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