GlobalX and Vallair sign LoI for ten A321Fs

[caption id="attachment_414766" align="alignright" width="500"] Global Crossing Airlines plans to deploy its A321Fs in ACMI operations. (Photo: Vallair)[/caption] Florida-based startup Global Crossing Airlines (GlobalX) intends to lease ten A321 converted freighters from Luxembourg-based Vallair . Under the letter of intent (LoI), the first aircraft is scheduled to be delivered to GlobalX by the third quarter of 2021, with all ten in service by the second quarter of 2023. GlobalX told Cargo Facts it is working with Vallair on the scheduling and planning of available conversion slots to best fit the carrier’s needs, but declined to identify specific frames for now. Meanwhile, Vallair told Cargo Facts that, since the two companies are still in the early stages of the project, a number of details had yet to be confirmed and are dependent on factors that include engine type, conversion location, and whether the A321s will be converted according to Elbe Flugzeugwerke’s ( EFW ) or 321 Precision Conversions ’ supplemental type certificate (STC). GlobalX, which announced an LoI for five conversion slots with EFW in late September, told Cargo Facts those may be part of the overall equation, but it is too early to say. As part of the September deal, GlobalX said it had signed an LoI to initially acquire four A321s from a European airline, with delivery expected by the third quarter of 2021. Subject to these agreements being finalized, the aircraft will be converted by EFW at ST Engineering’s facilities, which in the U.S. are located in San Antonio (SAT), Pensacola (PNS) and Mobile (BFM). In an end-of-September update, GlobalX Chairman and CEO Ed Wegel said the carrier envisions having a fleet of more than thirty freighters and at least fifty passenger aircraft in ACMI and charter service in the U.S., in addition to potential operations in Canada and elsewhere. Wegel said he anticipates being able to raise equity with major investment banks in early 2021. GlobalX, which completed a merger with low-cost startup Canada Jetlines earlier this year, entered into a partnership agreement in May with Latvia-based SmartLynx Airlines , which recently announced its entry into the freighter market by leasing an A321PCF and an A321P2F from Vallair. It is currently unclear if the cooperation will extend to the carriers’ cargo operations. While Cargo Facts Symposium 2020 will be presented as a virtual event, the unparalleled networking and continuing education opportunities remain, with the best and brightest minds addressing the most pressing industry issues for air cargo — including those around COVID-19. To register and for more information, visit www.cargofactssymposium.com .

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GlobalX and Vallair sign LoI for ten A321Fs

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Sine Draco selects MRO for A321-200 conversion

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Related Posts

ULS acquires first A330 ahead of conversion

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CARGO FACTS CONSULTING

CFC: U.S. air trade down 6% in 2020

Pax freighters deliver capacity ‘lifeline’ to secondary markets

Follow Us