UpSide With The Howard Group

Global Crossing Airlines Second Quarter Webinar Recording Now Available

With the financial tank full on the heels of a recent $35 million injection, a first half that saw revenues jump to $63.6 million compared to $33.8 million in 2022, GlobalX management is exuding confidence as it also bumped its base 2023 revenue forecast to $150 million. All amounts are USD.

The Miami headquartered charter and cargo airline already has 75% of its 2023 revenue forecast contracted according to CEO Ed Wegel and CFO Ryan Goepel. 

The company is currently expecting its 10th passenger aircraft to be delivered this month followed by two more in Q4 plus one cargo freighter in Q3 and three more in Q4.

CFO Ryan Goepel also stated during the webinar that GlobalX is looking at a profitable Q3 (September 30).

The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.

Many key questions as to how GlobalX will fuel its aggressive  growth plan were positively answered today, August 2nd 2023, with news that New York based Axar Capital Management LLC is providing the Miami based charter and cargo airline with USD $35 million of Senior Secured Notes.

Axar is a value-oriented alternative asset management firm with over USD $2.3 billion in assets under management.  

This news negates any market or shareholder concerns that there could be significant share dilution if GlobalX had to raise a considerable amount of equity.

GlobalX Chief Financial Officer, Ryan Goepel spoke with Grant Howard, President of The Howard Group about Axar’s investment and the multiple benefits that come with the strategic investment. 

Areas covered included:

• Certainties that the investment brings to GlobalX’s growth plans, 
• The benefits of  the Senior Secured Notes, 
• Eliminating the need to raise equity until it makes sense, 
• The belief this deal will attract more institutional interest and,
• Thinking around a NASDAQ listing.

The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.

Ian Macqueen of Bancroft Capital discusses Global Crossing Airlines and his upside per share “Fair Value” of $5.13 US / $6.93 CN (5X current stock price) with Grant Howard, President of The Howard Group.

Global Crossing Airlines Group Inc. (GlobalX)
NEO: JET | NEO: JET.B | OTCQB: JETMF

The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.