Business Description

Overview Global Crossing Airlines Group Inc. (“GlobalX” or the “Company”) operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (“A320”). GlobalX’s business model is to (1) provide services on an Aircraft, Crew, Maintenance and Insurance (“ACMI”) basis using wet lease contracts to airlines whereby we provide aircraft, crew, maintenance and insurance to customers, and (2) on a Full Service (“Charter”) basis whereby we provide passenger aircraft charter services to customers by charging an “all-in” fee that includes fuel, insurance, landing fees, navigation fees and most other operational fees and costs. GlobalX operates within the United States, Europe, Canada, the Caribbean Islands, and Central and South America. The Company was originally incorporated in British Columbia, Canada on September 2, 1966 under the name Shasta Mines & Oil Ltd. On February 4, 1975, the Company changed its name to International Shasta Resources Ltd. On May 20, 1994, the Company changed its name to Consolidated Shasta Resources Inc. On November 23, 1994, the Company changed its name again to Lima Gold Corporation and on September 21, 1999, the Company again changed its name to International Lima Resources Corp. On March 1, 2004, the Company changed its name to Crosshair Exploration & Mining Corp. On June 1, 2004 the Company transitioned (from a provincially incorporated entity to a federally incorporated entity) under the Business Corporation Act of British Columbia. On October 28, 2011, the Company changed its name to Crosshair Energy Corporation. On September 17, 2013, the Company changed its name to Jet Metal Corp. On February 28, 2017, the Company continued as a corporation governed by the Canada Business Corporations Act and changed its name to Canada Jetlines Ltd. On June 23, 2020, the Company (at the time named Canada Jetlines Ltd.) consummated a business combination with Global Crossing Airlines, Inc., with the Company as the surviving company. On December 22, 2020, the Company changed its jurisdiction of incorporation from the Province of British Columbia, Canada, to the U.S. State of Delaware (the “U.S. Domestication ” ). In connection with the U.S. Domestication, the Company changed its name to “Global Crossing Airlines Group Inc.” Operations GlobalX operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft. GlobalX remains competitive by providing services on an ACMI and Charter basis to airlines operating within the United States and throughout North and South America, developing aircraft interchanges with leading European charter/tour operators, and providing charter flights for non-airline customers. GlobalX’s passenger aircraft fleet is built on the Airbus A320-200 fleet family. GlobalX started operations with one leased A320 in 2021 and it has a fleet of sixteen aircraft as of December 31, 2025 with plans to increase to twenty-one within the next 12 months. GlobalX’s cargo aircraft fleet is based on the Airbus A321 aircraft type. GlobalX started operations with one lease A321F aircraft in January 2023 and it has a fleet of four aircraft as of December 31, 2025 and plans to remain at four aircraft for the next 12 months. Location of Operations Bases GlobalX operates primarily from a single geographic base: • Miami International Airport (“MIA”) – GlobalX’s main base of operations is MIA, and, pursuant to its Airline Use Agreement with MIA, GlobalX (1) operates charter flights out of Concourse E, and rents office space and operates its ticket counters, and (2) maintains a maintenance office for its maintenance staff and for storage of all aircraft records, as well as spare parts and consumables storage, with loading dock capabilities. While we do have an Airline Use Agreement in place with MIA, it does not guarantee the availability of boarding gates or landing slots at that airport. GlobalX also maintains additional crew and operations at the following locations: • San Antonio International Airport in San Antonio, Texas. • Alexandria International Airport in Alexandria, Louisiana. • Mesa Gateway Airport in Mesa, Arizona. 3 • Valley International Airport in Harlingen, Texas. Employees GlobalX had approximately 661 and 678 full time employees as of December 31, 2025 and 2024, respectively.