Global Crossing Airlines Group (GlobalX), a U.S.-based charter and ACMI operator, has completed the acquisition of one Airbus A320, bearing manufacturer serial number 3101, marking its first direct aircraft purchase. In addition, GlobalX has signed definitive lease agreements for four Airbus A319s with serials 2477, 2481, 2492, and 2503, with scheduled deliveries spanning from August to November 2025.
Air Horizont, a Maltese ACMI and charter operator, has expanded its fleet with the delivery of a Boeing 737-400, bearing manufacturer serial number (MSN) 24706. The aircraft is powered by CFM56-3C1 engines, making it suitable for short- to medium-haul charter and ACMI operations within Europe and surrounding regions.
ETF Airways, a Croatian charter and ACMI airline, has undergone a significant ownership transition as its management team has acquired the shares previously held by the airline’s initial investors. The buyout was led by CEO Stjepan Bedic, who now holds a majority stake in the company, alongside board member Marko Bankovic.
Jet Time, a Danish charter and ACMI operator, has announced the extension of its partnership with Finnair through its first full-year ACMI contract, which will see two Boeing 737-800s operated on behalf of the Finnish flag carrier from winter 2025 until October 2026.
Nouvelair, the Tunisian leisure carrier, has expanded its operational capacity by adding one Airbus A321, with manufacturer serial number (MSN) 3636, under a wet lease agreement with Spanish operator Privilege Style. This fleet addition comes in preparation for increased seasonal demand, particularly during the busy summer period.
Star East Airline, a Romanian charter and ACMI operator, has taken delivery of its second Airbus A320, identified by serial number 415. The fleet expansion supports the airline’s growing operational footprint across Europe, particularly in the seasonal and ACMI leasing markets.
Buzz, the Polish charter airline and subsidiary of the Ryanair Group, has reported a 28% decline in net profit, posting $25.4 million for the fiscal year ending 31 March 2024. Despite this setback, the airline recorded revenues of $555 million, indicating a resilient operational performance in a highly competitive European leisure market.
Global Crossing Airlines Group (GlobalX) reported a 40% increase in revenue for 2024, reaching US$223.8 million, compared to US$160.1 million in the previous year. Despite the revenue growth, the airline recorded a net loss of US$11.5 million, an improvement from the US$21.0 million net loss in 2023. The company ended the year with a cash balance of US$14.0 million, including restricted cash.
Jet Time, a Danish airline specializing in charter and ACMI operations, has announced its best-ever financial performance, achieving a pre-tax profit of $6.1 million in its last fiscal year. This record-breaking result highlights the airline’s strong operational performance and strategic efficiency.
