Global Crossing Airlines signs LOI to convert 5 Airbus A321s to freighters

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Global Crossing Airlines Inc. recently announced the signing of a letter of intent with ST Engineering’s subsidiaries, ST Engineering Aerospace America, Inc. and Elbe Flugzeugwerke GmbH, for the conversion of five Airbus A321 passenger aircraft to freighter. Subject to signing definitive agreements and the completion of the acquisition of the aircraft, the aircraft will be converted at ST Engineering’s facilities.

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GlobalX has signed a letter of intent to acquire an initial four Airbus A321s from a major European airline and is working on additional A321 acquisitions. The letter of intent, which is subject to definitive documentation, forecasts a delivery of these four aircraft by the third quarter of 2021.

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