Global Crossing Airlines Group Inc. (JETMF): debt financing — Global Crossing completes first aircraft purchase, adds four A319 leases expanding fleet by >20%

Global Crossing Airlines Group Inc.

Acquired one used A320 (MSN 3101) for net ~$14.28M; $14.65M loan at 8.84% matures by Mar 2031.
Signed leases for four A319s from AE Industrial Partners; first delivery Aug 31, 2025, rest by Nov 2025.
Fleet to reach 22 Airbus A320 family aircraft (pending approvals); transition to hybrid ownership model.
President CFO Ryan Goepel says acquisition enhances asset value and long-term cost management.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Global Crossing Airlines Group Inc. incurred loan of $14,650,000 with volofin Holdings Designated Activity Company at 8.84% per annum maturing March 1, 2031 or day prior to next 12Y-Check.

Instrument: loan
Principal: $14,650,000
Counterparty: volofin Holdings Designated Activity Company
Rate: 8.84% per annum
Maturity: March 1, 2031 or day prior to next 12Y-Check
Event: incurrence

Exact text from the filing

and the lenders party thereto (the “ Loan Agreement ”). Pursuant to the Loan Agreement, the Borrowers issued a one-time utilization request to borrow an aggregate amount of $14,650,000 (the “ Loan Amount ”), and on July 11, 2025, pursuant to a promissory note, the Borrowers incurred indebtedness equal to the Loan Amount. The Borrowers shall repay the Loan Amount

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Global Crossing Airlines Group Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-095998

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