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Global Crossing Airlines Announces Annual Meeting Results

MWN-AI** Summary

Global Crossing Airlines Group, Inc. (trading under Cboe CA: JET and OTCQB: JETMF) recently held its Annual Meeting where several significant resolutions were passed by stockholders on December 12, 2025. During this meeting, stockholders elected six directors to the board, highlighting strong support for the current leadership team. The elected directors included Andrew Axelrod, Alan Bird, T. Allan McArtor, Chris Jamroz, Deborah Robinson, and Cordia Harrington, each receiving over 94% of votes in favor.

Additionally, stockholders reapproved various compensation plans designed to align management incentives with company performance. The Incentive Stock Option Plan received 94.36% approval, the Restricted Share Unit Plan garnered 93.38% support, and the Performance Share Unit Plan was backed by 94.40% of the votes. This robust backing indicates stockholder confidence in the company's approach to talent retention and motivation.

Furthermore, stockholders ratified the appointment of Rosenberg Rich Baker Berman P.A. as the independent registered public accounting firm for 2025, with an impressive 98.11% of votes in favor, reflecting confidence in their financial oversight.

GlobalX operates as a US domestic flag and supplemental airline, utilizing the Airbus A320 family of aircraft and providing ACMI and charter services across the US, Caribbean, Europe, and Latin America. The company is committed to meeting high safety and operational standards, evidenced by its IOSA certification and various TCOs.

The outcomes of the meeting demonstrated that Global Crossing Airlines is moving forward with strong shareholder backing, aimed at maintaining growth and operational excellence in the ever-evolving airline industry. For additional information, interested parties can reach out to Ryan Goepel, President & CFO, or the investor relations team via provided contact details.

MWN-AI** Analysis

Global Crossing Airlines Group, Inc. (GlobalX) recently held its Annual Meeting, yielding several notable outcomes in corporate governance and strategic planning. The re-election of six directors, alongside the broad reapproval of compensation plans that include Incentive Stock Options, Restricted Share Units, and Performance Share Units, signals a remarkable level of consensus among shareholders. Almost all measures received support rates surpassing 90%, reflecting shareholder confidence in the company’s direction and leadership.

The reapproval of these compensation plans is particularly important as they align executive interests with shareholder performance, promoting enhanced management accountability and incentivizing the attainment of financial goals. Management's approach to rewarding performance via equity participation could be a catalyst for sustainable growth, especially in the competitive airline industry, where service quality and operational efficiency are paramount.

Notably, the appointment of Rosenberg Rich Baker Berman P.A. as the independent accounting firm was overwhelmingly ratified, emphasizing transparency and adherence to regulatory standards—critical factors for investors considering GLOBE securities.

Market analysts should closely observe GlobalX’s operational strategies moving forward, especially regarding expansion into international markets. With a diverse range of services, including ACMI (Aircraft, Crew, Maintenance, Insurance) and charter flights across the US, Caribbean, and beyond, GlobalX appears well-positioned to capitalize on recovering travel demand post-COVID. However, investors should remain vigilant regarding external factors, such as fuel costs and regulatory changes, which could impact profitability.

In light of these developments, investors may want to adopt a cautious optimism approach towards GlobalX. This involves closely tracking performance relative to the well-founded expectations set by shareholder support at the Annual Meeting. A strong operational performance in the coming quarters could enhance the company's stock valuation, making it a potential buy for those looking for exposure in the aviation sector.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

MIAMI, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. ( Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF ) (the “ Company ” or “ GlobalX ”)  announces that the Company’s stockholders (i) elected six directors to the board of directors, (ii) reapproved the Company’s Incentive Stock Option Plan, (iii) reapproved the Company’s Restricted Share Unit Plan, (iv) reapproved the Company’s Performance Share Unit Plan and (v) ratified the appointment of Rosenberg Rich Baker Berman P.A. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

Stockholders at the Annual Meeting voted in favor of the six director nominees, detailed results of such vote are set out below:


Director

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Broker Non-Votes
Andrew Axelrod 17,600,169 95.86% 759,496 4.14% 13,142,203
Alan Bird 17,389,072 94.71% 970,593 5.29% 13,142,203
T. Allan McArtor 17,374,319 94.63% 985,346 5.37% 13,142,203
Chris Jamroz 17,335,136 94.42% 1,024,529 5.58% 13,142,203
Deborah Robinson 17,381,104 94.67% 978,561 5.33% 13,142,203
Cordia Harrington 17,335,007 94.41% 1,024,658 5.58% 13,142,203


Stockholders at the Annual Meeting voted in favor of the reapproval of the Company’s Incentive Stock Option Plan, detailed results of such vote are set out below:

Votes For % Votes For Votes Against/Abstained % Votes Against/Abstained Broker Non-Votes
17,323,591 94.36% 1,036,074 5.64% 13,142,203


Stockholders at the Annual Meeting voted in favor of the reapproval of the Company’s Restricted Share Unit Plan, detailed results of such vote are set out below:

Votes For % Votes For Votes Against/Abstained % Votes Against/Abstained Broker Non-Votes
17,143,412 93.38% 1,216,253 6.62% 13,142,203


Stockholders at the Annual Meeting voted in favor of the reapproval of the Company’s Performance Share Unit Plan, detailed results of such vote are set out below:

Votes For % Votes For Votes Against/Abstained % Votes Against/Abstained Broker Non-Votes
17,331,695 94.40% 1,027,970 5.60% 13,142,203


Stockholders at the Annual Meeting voted in favor of appointing Rosenberg Rich Baker Berman P.A. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, detailed results of such vote are set out below:

Votes For % Votes For Votes Against/Abstained % Votes Against/Abstained
30,907,808 98.11% 594,060 1.89%


About Global Crossing Airlines

GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family of aircraft. The Company’s services include domestic and international ACMI and charter flights for passengers and cargo throughout the US, Caribbean, Europe, and Latin America. GlobalX is IOSA certified by IATA and holds TCOs for Europe, the UK, and Australia.

For more information, please contact:

Company Contact
Ryan Goepel, President & CFO
Tel: (720) 330-2829

Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Email: JET@elevate-ir.com


FAQ**

What strategies is Global Crossing Airlines Group Inc. JET.B:CC planning to implement to enhance shareholder value following the reapproval of multiple incentive plans during the December 12, 2025, annual meeting?

Global Crossing Airlines Group Inc. plans to enhance shareholder value by implementing performance-based incentives and compensation structures, aimed at aligning executive interests with shareholder returns, following the reapproval of multiple incentive plans during its 2025 annual meeting.

How will the appointment of Rosenberg Rich Baker Berman P.A. as the independent registered public accounting firm impact the financial transparency and reporting of Global Crossing Airlines Group Inc. JET.B:CC in 2025?

The appointment of Rosenberg Rich Baker Berman P.A. as the independent registered public accounting firm is likely to enhance financial transparency and reporting for Global Crossing Airlines Group Inc. JET.B:CC in 2025 by providing rigorous oversight and adherence to accounting standards.

Given the strong support for the board of directors, what specific goals do they plan to focus on in the upcoming fiscal year for Global Crossing Airlines Group Inc. JET.B:CC to improve operational efficiency and profitability?

The board of directors of Global Crossing Airlines Group Inc. plans to focus on enhancing operational efficiency and profitability in the upcoming fiscal year by optimizing fleet utilization, streamlining costs, expanding route networks, and improving customer service metrics.

How does Global Crossing Airlines Group Inc. JET.B:CC plan to utilize its ACMI and charter services within the growing domestic and international markets identified during the annual shareholders meeting?

Global Crossing Airlines Group Inc. plans to leverage its ACMI and charter services to capitalize on increasing demand in both domestic and international markets by enhancing operational flexibility, expanding partnerships, and optimizing fleet utilization as discussed in the annual shareholders meeting.

**MWN-AI FAQ is based on asking OpenAI questions about Global Crossing Airlines Group Inc (OTC: JETMF).

Global Crossing Airlines Group Inc

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