Le Lézard
Classified in: Transportation
Subject: IPO

NEO Exchange Expands Reach in Travel Industry With Uplisting of Global Crossing Airlines


The NEO Exchange is proud to welcome low-cost charter airline, Global Crossing Airlines Group Inc. ("GlobalX" or the "Company"), following a voluntary delisting from the TSX Venture Exchange. GlobalX begins trading today on the NEO Exchange under the symbols JET and JET.B.

Led by Ed Wegel, an industry veteran with over 30 years of commercial aviation experience, GlobalX is a US 121 flag and supplemental airline flying the Airbus A320 family of aircraft. The Company flies as a passenger ACMI and charter airline serving the US, Caribbean, and Latin American markets.

"Within 18 months, we have taken GlobalX from a start-up to now operating six aircraft and the completion of a listing on NEO's senior stock exchange," said Mr. Wegel, Chairman and CEO of GlobalX. "As we continue our rapid growth, we are convinced that listing on the NEO Exchange raises our profile among retail and institutional investors and provides a platform from which to expand our shareholder base."

Investors can trade shares of JET and JET.B through their usual investment channels, including discount brokerage platforms and full-service dealers.

"Today's launch marks the continuation of NEO's expansion into the travel industry ? our second airline listing, and yet another graduation from a venture exchange to NEO, a mainboard Tier 1 stock exchange," commented Jos Schmitt, President and CEO of NEO. "GlobalX has progressed from a fledgling company to a growth-focused airline on a flight path to continued success, uniquely positioned to benefit from the pent-up travel demand following the pandemic. We are proud to be the platform of choice for the next phase of their capital markets journey, and look forward to providing increased quality of trading, enhanced access to investors, and a solutions-oriented focus that is unique to the NEO Exchange."

The NEO Exchange is home to well over 200 unique listings, including some of the most innovative Canadian and international growth companies, and ETFs from Canada's largest ETF issuers. NEO consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is Canada's Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook

About Global Crossing Airlines Group Inc.

GlobalX is a US 121 domestic flag and supplemental Airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, and Latin American markets.

Connect with GlobalX: Website | LinkedIn | Twitter | Instagram | Facebook


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News published on 16 march 2022 at 08:10 and distributed by: