MIAMI, April 06, 2022 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) and OSM Aviation Academy (“OSM”) announce a new partnership which will give GlobalX access to a pipeline of pilot students planning to transition to the airline.
The program, named XDirect™, will partner to develop a 2 year advanced training program that will place graduate pilots into GlobalX as First Officers who are line-ready for our Airbus A320 family fleet. The program graduates will have enhanced Airline industry training such as CRM (multi crew concept) and FAA Part 121 training philosophy and requirements. The program has been developed to allow new pilots to train the way that GlobalX does from day one in conjunction with the requirements of FAA commercial and ATP licenses, ensuring a consistent training transition. The partnership will allow GlobalX long term access to highly qualified pilots when they reach the minimum required ATP hours, after successfully completing their Commercial and Instructors Certificates.
OSM Aviation Academy students will progress through the OSM Cadet Pilot program and continue to tailor their experience to the needs of a narrowbody aircraft pilot. Highlights of the training program include ATPL ready airline pilots, Fast Track program to GlobalX, Multi-year cooperation agreement between OSM Aviation Academy and GlobalX. Core to the program is a scholarship program that will help to encourage women and others who would not typically be able to become a commercial pilot. GlobalX and OSM intend to train up to fifteen First Officer Candidates in the first year of the program, twenty in the second, and then more than thirty each subsequent year of the program. OSM operates a similar program with Norse Atlantic Airways in Norway.
The program takes 12 months to earn all your flight certificates and ratings including, private pilot, ATP advanced theory, instrument rating, commercial single, and commercial multi engine, CFI, CFI-I, and UPRT.
After the first 12 months, the cadet pilot will join OSM Aviation as a flight instructor until reaching the ATP minimum required hours where they will then transfer to GlobalX to complete the ATP/CTP, and A320 Type Rating. The cadet pilot will join GlobalX as a first officer.
“OSM Aviation Academy is a world class academy for developing top-notch airline pilots, making them the perfect match as we continue to grow our fleet,” Juan Nunez, COO and Director of Operations (119) of GlobalX said in a statement.
“With this unique agreement we’ve shaped the future of the aviation industry, making flight training more attainable. At the same time producing the top airline ready pilots who meet the high standards set forth by GlobalX Airlines. After getting to know the culture at GlobalX it made the decision to create this partnership between OSM Aviation Academy and GlobalX a must,” Antonio Tur, CEO and Managing Director of OSM Aviation Academy the Americas, said in a statement.
About Global Crossing Airlines
GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as an ACMI and charter airline serving the US, Caribbean, and Latin American markets. For more information, please visit www.globalxair.com.
About OSM Aviation Academy
OSM Aviation Academy has trained and educated pilots since 1963 and is shaping the future of the aviation by providing an excellent education for next generation of pilots. OSMAA promotes inclusion and diversity in the aviation industry to ensure that there will be enough qualified and highly trained pilots in the years to come. The academy has training locations in the United States, Norway and Sweden. For more information, please visit www.osmaviationacademy.com
For more information, please contact:
Mark Salvador, Chief Marketing Officer
Email: mark.salvador@globalxair.com
Tel: 786-751-8510
For more information, please contact:
Wilkins Vicioso, Protocol Manager
Email: wilkins.vicioso@osmaviationacademy.com
Tel: 954-267-9394
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the Company’s aircraft fleet size, the destinations that the Company intends to service and future benefits from the pilot training program.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the success of airline operations of GlobalX; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the Company has or will have sufficient aircraft to provide the service; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, risks related to supply chain disruptions, failure to retain or obtain sufficient aircraft, domestic and international airline industry conditions, passenger demand being less than anticipated, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.
