Source: Global Crossing Airlines.
  • Global Crossing (JET) has signed a long-term agreement with CubaMax Travel to provide air service to two cities in Cuba
  • The flights will start on April 1, 2023, with nine flights per week to Havana and Santa Clara
  • The partnership is expected to generate up to $12 million per year for Global Crossing
  • The partnership is projected to grow to 23 flights per week to five Cuban cities within the next six months
  • Global Crossing Airlines flies as a passenger ACMI and charter airline serving the U.S., Caribbean and Latin American markets
  • Global Crossing Airlines Group (JET) is currently trading at $1.28

Global Crossing Airlines (JET) has announced a long-term agreement with CubaMax Travel.

CubaMax is one of the leading OFAC-approved tour operators.

The companies will provide air service to Cuba, with nine flights per week to Havana and Santa Clara starting on April 1, 2023. The partnership is expected to generate revenues of up to $12 million per year for Global Crossing. The flights will be operated by Global Crossing’s Airbus A320s and A321s.

The contract is projected to grow to 23 flights per week to five cities in Cuba within the next six months, which could increase revenues to over $30 million per year.

Global Crossing Airlines flies as a passenger ACMI and charter airline serving the U.S., Caribbean and Latin American markets.

Global Crossing Airlines Group (JET) is currently trading at $1.28.


More From The Market Online
Bulldozers building dams at a mine site.

Victoria Gold might never recover from Yukon mine disaster

Victoria Gold will likely be dealing with last month's 300-million-litre cyanide spill at its Eagle mine in the Yukon for years to come.
Computer laptop with a TSX logo on the screen

@ the Bell: TSX drops for third session in a row

Continued pressure from the heavyweight financial and energy sectors dragged Canada’s main stock index lower for a third consecutive session.
EA SPORTS College Football 25

EA kicks off ‘College Football 25’ with many new features

Electronic Arts (NDAQ:EA) officially kicks off the release of EA Sports' "College Football 25" worldwide on Friday.