Quarter Highlights
- Q4 2021 actual hours sold was 280% higher compared to the 378 hours sold in Q3 2021
- Signed LOI for an Airbus A319 for delivery by
mid-February 2022 - Signed LOI for an Airbus A320 (ex-
Alaska ) to be delivered inMarch 2022 - sister ship to two other aircraft in our fleet - Signed LOI for two additional A321 freighter aircraft to be delivered in 2023, bringing the total number of A321F’s that
GlobalX intends to acquire to 11
“Q4 was an excellent quarter with over 1,400 block hours sold (of which half was in December) versus 378 block hours in Q3 2021. Our government business remained strong, and we added several new clients with football bowl game flying and continued expansion of our
Outlook
Looking ahead,
Commenting on the results,
As a reminder, there will be a Zoom webinar today at
You can register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_OICZC9lLSLemfEmz9k09Sg
About
For more information, please contact:
Email:ryan.goepel@globalxair.com
Tel: 786.751.8503
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, Company’s projected aircraft fleet size and delivery dates, projections for future revenue and block hours, and the destinations that the Company intends to service.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the success of airline operations of
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.
Neither the
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