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Global Crossing Airlines (NEO:JET) adds Cuban destinations

Aviation, Market News, Transport
NEO:JET
24 March 2023 11:07 (EDT)

Source: Global Crossing Airlines.

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.


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