SUPPLEMENT GLOBAL CROSSING AIRLINES APPLICATION FOR A CERTIFICATE OF PUBLIC
CONVENIENCE AND NECESSITY
On 4/10/2020 Global Crossing Airlines, Inc. (“GlobalX”) applied in
the first above-captioned docket for a certificate of public convenience and
necessity authorizing GlobalX to engage in interstate charter air
transportation of persons, property, and mail. GlobalX simultaneously
applied in the second above-captioned docket for a certificate authorizing it to
engage in foreign charter air transportation of persons, property & mail.
Since the original application, GlobalX and its affiliates, led by a
group of experienced aviation and financial executives, have fully
implemented the funding plans anticipated in the application. Working with
the shareholders of a development-stage, public Canadian airline company,
Canada Jetlines, Inc., GlobalX’s key investors and executives merged their
holding company with Jetlines, successfully completed a public share
offering, and negotiated advantageous financing for up to CDN$100 million.
“Domesticating” the holding company as a U.S. citizen, necessary for
GlobalX to proceed with this application, finally took place in December
-
The resulting holding company is a publicly-traded, Delaware
corporation named Global Crossing Airlines Group, Inc. (“Group”). Group
meets statutory U.S. citizenship requirements and owns 100% of GlobalX,
the applicant, which has continued its certification activity with the Federal
Aviation Administration (“FAA”) during the financing and structuring of its
parent company.
Members of the Boards of Directors (Group and GlobalX)
Edward J. Wegel, Chairman of the Board and Chief Executive Officer2 of
Group and GlobalX – Mr. Wegel is a senior airline and travel services
executive with over 30 years of experience in all aspects of airline operations
and finance. He has held key airline positions, including founder of Eastern
Air Lines Group, Inc., co-founder/board member of Atlantic Coast Airlines
(United Express), President/CEO and board member of Chautauqua Airlines
/US Airways Express, and President/COO and board member of BWIA
International Airways. He has consulted extensively in airline and aviation
financial matters, including mergers and acquisitions and restructuring and
is the co-founder and president of AVi8 Air Capital LLC, an aviation
consulting group. Mr. Wegel served as a commissioned officer in the U.S.
Army and received an M.B.A. from the Univ. of Northern Colorado after
graduating from the United States Military Academy at West Point.
Ryan Goepel, Executive Vice President and Chief Financial Officer of Group
and GlobalX – Mr. Goepel is an experienced finance and operations executive
with over 20 years’ experience. He most recently served as CFO for Flair
Airlines Canada to transition the airline operator to a low cost scheduled
carrier. Prior to Flair, Mr. Goepel was CFO for ZEiTECS, a global artificial
lift technology company overseeing its sale to Schlumberger. He also served
as the KBR Services Business Unit Finance Leader, overseeing 12,000
employees and growing revenue from $300M to $3B. In addition, he served as
Director of Finance at Burger King through its initial public offering. He is a
Certified Management Accountant and holds an MBA from Texas A&M
University and a BA from the University of British Columbia
Joseph DaGrosa, Jr. – Mr. DaGrosa is a founder and Senior Managing
Partner of General American Capital Partners, formed in 2018, where he
manages investments totaling $250 million. He was a cofounder of 1848
Capital Partners LLC (“1848”), which he co-managed from 2003 until 2018;
he was a member of the firm’s investment committee. He also served as co-
chairman or as a board member for the following 1848 portfolio companies:
Eastern Air Lines, Inc., Jet Support Services, Inc., Sunbelt Diversified
Enterprises LLC, Big Apple Entertainment Partners LLC, and London
Bridge Entertainment Partners LLC. Mr. DaGrosa co-led the firm’s
investment in Heartland Food Corp.
Prior to 1848, Mr. DaGrosa was a partner at MapleWood Partners LP, a
Miami-based private equity firm, where he served as a member of the
Executive and Investment Committees and was co-head of the firm’s
Transaction Team. Prior to MapleWood Partners LP, Mr. DaGrosa was a vice
president for PaineWebber, Inc. (now part of UBS) in its Special Accounts
Group.
Mr. DaGrosa holds a Bachelor of Science degree in Finance, Accounting and
Statistics from Syracuse University
https://downloads.regulations.gov/DOT-OST-2020-0041-0005/attachment_1.pdf