VALLAIR signs LOI with GlobalX to lease ten converted A321 freighters

VALLAIR, the mature aircraft and asset specialist, and launch lessor for the Airbus A321 freighter conversion (A321F), has signed an LoI (Letter of Intent) with US based Global Crossing Airlines (GlobalX) to lease ten converted A321 freighter aircraft. The first GlobalX A321 will be delivered by the third quarter of 2021. GlobalX expects all ten (10) A321F aircraft to be delivered and in revenue operation by the second quarter of 2023. Vallair signed its first LoI for the A321F in August 2019 with Qantas Freight and saw the maiden flight of its prototype A321F take to the skies in February