GLOBALX to move entirely to US, signs Spirit MRO deal

GLOBALX (Miami Int’l) has announced its intention to change its place of jurisdiction from the Canadian province of British Columbia to the state of Delaware in the United States, it revealed in a press release dated October 28. The passenger charter and cargo start-up said it had filed a “management information circular” – a document for the company’s shareholders – outlining how it proposed to change its jurisdiction of incorporation from British Columbia to Delaware, citing a “continuance” within Section 308 of the Canadian province’s Business Corporations Act and a concurrent “domestication” in accordance with Section 388 of the US state’s General Corporation Law. The move is needed for GLOBALX, also known as Global Crossing Airlines, to complete its charter licensing process, it explained, and “it will also better reflect the company’s US-focused business and operations.” The company has scheduled a virtual shareholders’ meeting to approve the US domestication for December 1. As previously reported, Global Crossing Airlines closed a merger with Jetlines (CJL, Vancouver Int’l) on June 23. Also, the company said it had issued a total of 560,000 restricted share units (RSUs) – commonly used as a form of compensation from an employer to employees in the form of shares – to “directors, officers, employees, and consultants.” Half of the RSUs become exercisable after two years, the rest after three years. Separately, GLOBALX has signed a maintenance support agreement with Spirit Airlines (NK, Fort Lauderdale Int’l), which operates A320 Family aircraft and serves destinations across the US, Latin America, and the Caribbean. Similarly, Global Crossing describes itself as being in FAA certification to use A320 Family aircraft as an ACMI and wet-lease charter carrier serving the US, Caribbean, and Latin American markets. Spirit will according to the initial agreement, announced on October 27, provide on-call and line maintenance for GLOBALX, including daily and weekly checks in support of the future GLOBALX fleet of A320 and A321 aircraft. The contract will commence in December when GLOBALX expects to take delivery of its first A320 and A321 aircraft. The first passenger aircraft has been identified as A321-200 (msn 2480) owned by Magnetic Leasing. “We look forward to supporting GLOBALX through their certification and as they begin revenue charter operations both at Miami Int’l Airport and at select Spirit maintenance stations,” commented Kirk Thornburg, Spirit’s vice president for technical operations.