https://www.reuters.com/business/aerospace-defense/pegasus-airlines-flyone-begin-turkey-armenia-charter-flights-february-2022-01-13/
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Noto said in Q3 he anticipates by the end of the year (About week later in Citi interview he expressed regulatory concerns. No new information prior to that interview yet they were still confident at Q3 to anticipate by end of year)
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Most approvals recently have been happening at end of fiscal quarter and in December
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Based on funding allocated by Sofi for BC it runs out in Jan
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Sofi was taken off the OCC CRA pre-approval list in December and no one else was removed. ( Some argue it’s due to comment period ending but other banks in pre-approval have comment period ended and still on list)
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Lending club received approval on Dec 30th, 2020
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Noto said in an interview in Nov Sofi was on the last mile
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Hsu said in early Nov that BC charter decisions and feedback will be going out in the coming weeks ( in these following weeks Sofi was removed from the CRA list)
I'd much rather pay extra money and fly out of a smaller airport that isn't as busy as mainstream airports. Any ideas on where to start looking for options like this? Googling and searching this sub haven't yielded any significant results.
(TSXV: JET, JET.B OTCQB: JETMF)
GlobalX is a charter airline owned by Global Crossing Airlines that serves the US, Caribbean and Latin American markets. Unlike most airlines, Global Crossing charters an aircraft to a single client instead of selling individual seats. They are also building their cargo business, expected to begin flying in early 2022.
GlobalX just started flying on August 7th 2021, which appeared to be an odd time to start an airline. Obviously the travel industry was hit hard by the pandemic and many companies went out of business. This however, forced out a lot of airline competition for Global Crossing, allowing them to enter the space with less barriers and an undersupplied market to serve.
Their fleet currently consists of four aircrafts; 3 A320's and 1 A321. About three months ago they signed for a fourth A320 from Irish-based lessor Genesis, that was expected to be delivered in October 2021 after receipt of final DOT and FAA approvals. This aircraft should be arriving within the next few weeks. They also recently signed an LOI to acquire 3 additional Airbus A320 Passenger aircraft from Virgin America and Alaska Airlines and an LOI for an additional A321. The company has said this is the first of five A321 freighters that GlobalX will eventually lease from STE Aerospace Resources. They have a base in Atlantic City that’s now operational with 12 flight attendants and are establishing a crew base and training site in Las Vegas.
They plan to operate 15 airplanes, 10 passenger and 5 cargo by the end of 2022 and establish their own own headquarters and maintenance facility in Ft. Lauderdale within two years (estimated cost: $30 million). Within 5 years their goal is to be operating 50 aircraft, 35 passenger and 15 cargo.
Fleet details/specifics: https://www.globalairlinesgroup.com/charter_fleet.html
A couple weeks ago, the company partnered with HavanaAir to provide chartered flights to Cuba. These flights are targeted to begin in early November 2021. The US Department of Transportation has allocated 508 round-trip charter flights through May 31, 2022.
They company is predicting about $7.6 million in revenue in Q4 this year and about $10.36 million in Q1 2022. They’re still pre profit but are very healthy financially, their debt to equity ratio is very low, 12.8% and they only have $1.6 million in total debt.
They had made headlines at the start of this month as the only no
... keep reading on reddit ➡
(JET: TSXV; JETMF: OTCQB)
GlobalX and Havana Air have commenced scheduled charter service from Miami and Tampa to Havana. The initial service, granted under approval from the US Department of Transportation, operates six times weekly between Miami and Havana, and twice weekly between Tampa and Havana.
“We are honored to be a partner of Havana Air, the largest and most experienced OFAC approved tour operator to Cuba. Our Airbus family of aircraft, especially our A321, will provide the largest number of seats and most amount of personal cargo capacity of any aircraft in this market,” said Ed Wegel, Chairman and CEO of GlobalX.
Source: https://ca.finance.yahoo.com/news/global-crossing-airlines-launches-major-130000185.html
This is not financial advice.
(JET: TSXV; JETMF: OTCQB)
Canada Jetlines and GlobalX have announced they are launching their first partnership on the sale of public charter flights between Toronto and Florida. Under the terms of the arrangement, Canada Jetlines Vacations will jointly market and sell seats on GlobalX public charter flights over a six-week period. Round trip charter flights are expected to operate from Toronto to Miami and Fort Lauderdale weekly beginning in March 2022.
Flights will be operated on GlobalX Airbus A320 aircraft. Canada Jetlines intends to start operating flights to Florida with its own A320 aircraft once it has completed its certification and receives all required government approvals.
“This partnership is exactly what we envisioned when we spun off Canada Jetlines- creating Canada’s newest low-cost airline. The alliance between the two airlines allows us to fly for each other to open new charter routes, provide additional capacity at certain peak periods for each airline and to maximize the benefits of the two networks. We look forward to flying these charter routes for our partner as the first step in expanding our alliance,” said Ed Wegel, Chair and CEO of GlobalX.
Source: https://ca.finance.yahoo.com/news/global-crossing-airlines-canada-jetlines-220100931.html
This is not financial advice.
This is the best tl;dr I could make, original reduced by 77%. (I'm a bot)
> MONTREAL - Sunwing Airlines has cancelled the return flight for a group of Quebecers who partied maskless on a chartered flight from Montreal to Cancun on Dec. 30.
> "As a result [] we have made the decision to cancel the return flight."
> James William Awad, who organized the chartered flight, told CTV News the return trip was "Cancelled for unknown reasons."
> "It's a five-hour flight, they don't want to feed my group. It poses no concerns for flight safety," he argued.
> "The reality is that Sunwing gave alcohol to all my group during the whole flight," he said.
> According to the Sunwing website, "Electronic cigarettes must be packed in your carry-on baggage and cannot be used onboard." However, it's unclear whether this rule applies to Sunwing's chartered flights as well; Sunwing did not provide an answer when asked.
Summary Source | FAQ | Feedback | Top keywords: flight^#1 Sunwing^#2 Canada^#3 group^#4 Transport^#5
Post found in /r/worldnews, /r/byebyejob and /r/canada.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
It’s something I noticed lately. The only major charter airline to not be based in Miami is Omni Air, which is based in Tulsa. Why is the this? Is this to streamline operations for a leisure market? Asking for a friend.
I haven’t been able to find an updated list of maintenance stations for many airlines (especially the ones without union contracts) so I have came to ask here.
I feel like this would be pretty helpful for those of us at a major wanting to get back home or entering the industry and have somewhere particular that they’d like to end up once gaining some seniority. This info is usually pretty hard to get untill your already in the door or happen to see a particular job posting. Mostly looking for the big ones like Southwest, United, Delta, FedEx, Ups, and I’m sure it would help some people out for some of the regionals if someone happens to know such as Alaskan, Skywest, envoy, ect. Hopefully this can be a good reference for people in the future looking to get to a particular location.
I’ll start with American ATL AUS CLT- (HQish) DFW- (real HQ) DEN DCA JFK LAS LAX LGA MCO MIA ORD PHL PHX SAN SAT SEA PIT SFO STL TPA TUL
TSX.V: JET, JET.B OTCQB: JETMF
Global Crossing Airlines is a charter airline, the business model is simple, they charter a whole airplane to a single client unlike other airlines who sell individuals seats. They are also building their cargo business, expected to begin flying in early 2022. The pandemic put the company in a unique position as the lockdowns forced a lot of their competition out of the market as they came into it so they are growing with a lot less barriers to entry and an undersupplied market. All their employees are shareholders which aligns their motivations with shareholders, so investors know the company is focused on increasing shareholder value.
They had made headlines at the start of this month as the only non-military airline that flew into the country to aid in the US governments evacuation. They were up and flying within 36 hours of getting a call from the government and flew out over 1,000 evacuees under the guidance of the US military.
In August they got approved to fly domestically and internationally and began flying on August 7th. They’re predicting about $7.6 million in revenue in Q4 this year and about $10.36 million in Q1 2022. They’re still pre profit but are very healthy financially, their debt to equity ratio is very low, 12.8% and they only have $1.6 million in total debt.
They have a base in Atlantic City that’s now operational with 12 flight attendants and are establishing a crew base and training site in Las Vegas.
Their New Clients Include:
- US Government Flying – As a result of our Afghanistan flying, more opportunities are being presented by the US Government
- Major Cuban OFAC approved Tour Operator
- Major Caribbean Airline
- California Casino/Resort Client
- St. Thomas University
- University of Miami
- Honor Flight South Florida
Their long term plans include to operate 15 airplanes, 10 passenger and 5 cargo by the end of ext 2022. Have their own headquarters and maintenance facility in Ft. Lauderdale within two years (estimated cost: $30 million). Within 5 years their goal is to be operating 50 aircraft, 35 passenger and 15 cargo.
They have a ton of potential because of the timing and situation surround their entry into market. The 4 biggest barriers to the market are that it’s highly competitive, it’s difficult to find flight attendants and operational staff and airplanes, and high lease rates. Because of Covid-19 a lot of the competition was eliminated form the market as travels slowed down
... keep reading on reddit ➡TSX.V: JET, JET.B OTCQB: JETMF
Global Crossing Airlines is a charter airline, the business model is simple, they charter a whole airplane to a single client unlike other airlines who sell individuals seats. They are also building their cargo business, expected to begin flying in early 2022. The pandemic put the company in a unique position as the lockdowns forced a lot of their competition out of the market as they came into it so they are growing with a lot less barriers to entry and an undersupplied market. All their employees are shareholders which aligns their motivations with shareholders, so investors know the company is focused on increasing shareholder value.
They had made headlines at the start of this month as the only non-military airline that flew into the country to aid in the US governments evacuation. They were up and flying within 36 hours of getting a call from the government and flew out over 1,000 evacuees under the guidance of the US military.
In August they got approved to fly domestically and internationally and began flying on August 7th. They’re predicting about $7.6 million in revenue in Q4 this year and about $10.36 million in Q1 2022. They’re still pre profit but are very healthy financially, their debt to equity ratio is very low, 12.8% and they only have $1.6 million in total debt.
They have a base in Atlantic City that’s now operational with 12 flight attendants and are establishing a crew base and training site in Las Vegas.
Their New Clients Include:
- US Government Flying – As a result of our Afghanistan flying, more opportunities are being presented by the US Government
- Major Cuban OFAC approved Tour Operator
- Major Caribbean Airline
- California Casino/Resort Client
- St. Thomas University
- University of Miami
- Honor Flight South Florida
Their long term plans include to operate 15 airplanes, 10 passenger and 5 cargo by the end of ext 2022. Have their own headquarters and maintenance facility in Ft. Lauderdale within two years (estimated cost: $30 million). Within 5 years their goal is to be operating 50 aircraft, 35 passenger and 15 cargo.
They have a ton of potential because of the timing and situation surround their entry into market. The 4 biggest barriers to the market are that it’s highly competitive, it’s difficult to find flight attendants and operational staff and airplanes, and high lease rates. Because of Covid-19 a lot of the competition was eliminated form the market as travels slowed down
... keep reading on reddit ➡TSX.V: JET, JET.B OTCQB: JETMF
Global Crossing Airlines is a charter airline, the business model is simple, they charter a whole airplane to a single client unlike other airlines who sell individuals seats. They are also building their cargo business, expected to begin flying in early 2022. The pandemic put the company in a unique position as the lockdowns forced a lot of their competition out of the market as they came into it so they are growing with a lot less barriers to entry and an undersupplied market. All their employees are shareholders which aligns their motivations with shareholders, so investors know the company is focused on increasing shareholder value.
They had made headlines at the start of this month as the only non-military airline that flew into the country to aid in the US governments evacuation. They were up and flying within 36 hours of getting a call from the government and flew out over 1,000 evacuees under the guidance of the US military.
In August they got approved to fly domestically and internationally and began flying on August 7th. They’re predicting about $7.6 million in revenue in Q4 this year and about $10.36 million in Q1 2022. They’re still pre profit but are very healthy financially, their debt to equity ratio is very low, 12.8% and they only have $1.6 million in total debt.
They have a base in Atlantic City that’s now operational with 12 flight attendants and are establishing a crew base and training site in Las Vegas.
Their New Clients Include:
- US Government Flying – As a result of our Afghanistan flying, more opportunities are being presented by the US Government
- Major Cuban OFAC approved Tour Operator
- Major Caribbean Airline
- California Casino/Resort Client
- St. Thomas University
- University of Miami
- Honor Flight South Florida
Their long term plans include to operate 15 airplanes, 10 passenger and 5 cargo by the end of ext 2022. Have their own headquarters and maintenance facility in Ft. Lauderdale within two years (estimated cost: $30 million). Within 5 years their goal is to be operating 50 aircraft, 35 passenger and 15 cargo.
They have a ton of potential because of the timing and situation surround their entry into market. The 4 biggest barriers to the market are that it’s highly competitive, it’s difficult to find flight attendants and operational staff and airplanes, and high lease rates. Because of Covid-19 a lot of the competition was eliminated form the market as travels slowed down
... keep reading on reddit ➡