GlobalX wet leases first A321 freighter aircraft to Avianca

Global Crossing Airlines Group (GlobalX) has signed a multiple-year charter agreement for its first Airbus A321 Passenger-to-Freighter (P2F) aircraft entering service to an affiliate of Avianca Cargo (Avianca) to support its North American and Latin America cargo programs. The aircraft, which marks the beginning of the Company’s XCargo division, is the first of 13 firm agreements with lessors, as well as seven additional commitments to acquire and convert Airbus A321s in its P2F program. GlobalX states that it intends to bring all of these future converted aircraft to market between October 2022 and the end of calendar year 2024. Terms