---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-021369"
form_type: "8-K"
ticker: "JETMF"
cik: "0001846084"
company_name: "Global Crossing Airlines Group Inc."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:08:47.147703+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Global Crossing Airlines secures $5M loan at 20% interest to fund fleet expansion

## Summary
- Up to $5M promissory note from a third-party lender, unsecured, non-convertible, no warrants.
- Loan bears 20% annual interest, six-month maturity, funded in two $2.5M tranches.
- Proceeds will support working capital, charter operations, and delivery of four freighter aircraft in Q1 2023.
- Company took possession of first A321 freighter on Jan 26 and expects three more within 45 days.

## SEC filing metadata
- accession: 0001193125-23-021369
- form_type: 8-K
- ticker: JETMF
- cik: 0001846084
- company_name: Global Crossing Airlines Group Inc.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/0001193125-23-021369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/d452836d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-021369
- JSON: https://secwatch.observer/filing/0001193125-23-021369.json
- Plain text: https://secwatch.observer/filing/0001193125-23-021369.txt

## Key facts
- Debt Financings
  Global Crossing Airlines Group Inc. incurred loan of up to US$5,000,000 at 20% per annum maturing six months from the date of issuance.
  - Instrument: loan
  - Principal: up to US$5,000,000
  - Rate: 20% per annum
  - Maturity: six months from the date of issuance
  - Event: incurrence
  source text: On January 27, 2023, Global Crossing Airlines Group Inc. (the “Company”) and Global Crossing Airlines Inc. (“Global Subsidiary”), a wholly-owned subsidiary of the Company, became parties to promissory note (the “Note”) which evidences Global Subsidiary’s loan of up to US$5,000,000 (the “Loan”) from a third party lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/0001193125-23-021369-index.htm
- Material Agreements
  Global Crossing Airlines Group Inc. entered into Note valued at US$5,000,000 (effective 2023-01-27).
  - Action: entry
  - Agreement: credit facility
  - Value: US$5,000,000
  - Effective: 2023-01-27
  source text: On January 27, 2023, Global Crossing Airlines Group Inc. (the "Company") and Global Crossing Airlines Inc. ("Global Subsidiary"), a wholly-owned subsidiary of the Company, became parties to promissory note (the "Note") which evidences Global Subsidiary's loan of up to US$5,000,000 (the "Loan") from a third party lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/0001193125-23-021369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.