Global Crossing Airlines Expands into Asia Pacific: A Promising Venture

Global Crossing Airlines (JETMF) has announced a joint venture with ATB Aviation Australia to establish a new charter airline headquartered in Melbourne, Australia. This strategic move aims to tap into the dynamic Asia Pacific (APAC) market, which is projected to reach USD $6.8 billion annually in the charter flight market. The new airline will operate as a charter airline, offering both charter and ACMI (Aircraft, Crew, Maintenance, and Insurance) services, catering to the diverse needs of APAC's passenger and cargo markets.



The joint venture entity will fly a fleet of Airbus A320 family aircraft following the successful completion of all regulatory and compliance requirements, including obtaining its initial application, approval, and obtaining an Australian Air Operator Certificate (AOC). The APAC region, encompassing East Asia, Southeast Asia, South Asia, and Oceania, is one of the fastest-growing and most vibrant aviation markets globally. With the charter flight market in APAC projected to reach USD $6.8 billion annually, the new joint venture entity is well-positioned to capitalize on this demand.

Eric Dang, President of ATB Investment & Partners, stated, "With the launch of our APAC joint venture, we are bringing more choices to customers in the charter flight segment. This joint venture, backed by the proven expertise and resources of GlobalX, will introduce innovative models and products tailored to APAC customers, just as they have successfully done in North America, the UK, and Europe."

GlobalX, North America's fastest-growing charter airline, is one of the most dynamic charter carriers in the narrowbody passenger and cargo markets. The airline currently operates a fleet of 18 Airbus A321 family of passenger and cargo aircraft, serving markets in the US, the Caribbean, and Latin America. GlobalX is also the only North American operator of the Airbus A321P2F freighter.

Ryan Goepel, President and CFO of GlobalX, remarked, "We are thrilled to partner with ATB Aviation to launch this APAC joint venture, marking an important step in expanding our innovative charter and ACMI model to the global stage. With significant untapped potential in the APAC market, we are committed to ensuring the success of this joint venture. The GlobalX know-how and operational excellence, paired with our partners' talent and proven experience at ATB Aviation, will set a strong foundation for a successful new airline."

Targeting a start of operations in late 2025, the new joint venture entity aims to expand its fleet to 10 aircraft within its first five years of operation. This expansion aligns well with the projected growth of the APAC charter flight market, which is expected to grow at a CAGR of 5.2% from 2024 to 2029, reaching USD $9.2 billion (Source: MarketsandMarkets).

In conclusion, the joint venture between Global Crossing Airlines and ATB Aviation Australia presents a promising opportunity to tap into the growing APAC charter flight market. With a strong foundation in charter and ACMI services, a proven track record in North America, and a well-defined expansion plan, the new airline is poised for success in the dynamic APAC region.