Core Insights - Global Crossing Airlines Group, Inc. has completed its first aircraft acquisition and signed lease agreements for four additional Airbus aircraft, marking significant steps in its business expansion [1][3] Aircraft Acquisition - The company has acquired an Airbus A320, currently operating as N630VA, purchased from Falcon 2019-1 Aerospace Limited, with financing from Volofin Capital Management Ltd. [2] - This acquisition signifies a transition from an exclusively leased fleet to a hybrid ownership model, which is expected to enhance long-term operating cost management and asset value [3] Fleet Expansion - GlobalX has signed lease agreements for four Airbus A319 aircraft to meet increasing demand, representing over a 20% increase in its current fleet [4] - The first A319 is expected to be delivered on August 31, 2025, with subsequent deliveries planned for September 30, October 31, and November 30, 2025 [4] - Upon completion of these deliveries, GlobalX will operate a fleet of 22 Airbus A320 family aircraft, pending FAA and DOT approvals [4] Company Overview - GlobalX operates as a US 121 domestic flag and supplemental airline, providing domestic and international ACMI and charter flights for passengers and cargo across the US, Caribbean, Europe, and Latin America [5]