GlobalX trims projected 2026 fleet to 35 from 50 jets

After pursuing an aggressive early growth strategy, US start-up carrier Global Crossing Airlines has cooled off on its ambitious fleet-expansion plans. Global Crossing, which operates as GlobalX, now plans to grow its fleet to 35 aircraft by the end of 2026, rather than its previous goal of eventually operating 50 aircraft, executives revealed during the company’s quarterly earnings call on 6 March. ”We could grow to 50 really fast, but you’ll see what we saw last year where you have to make huge upfront investments,” says president Ryan Goepel. “I’d rather grow through our own cash flow and use positive cash flow, versus outside money. We think getting to 35 is a much more measured and much more achievable growth target,” he adds. During an investor presentation in November 2023, GlobalX said it was “actively transitioning its fleet towards [an] equal mix between passenger and cargo aircraft, totalling 50 by 2025”. Last year, the carrier said it had set a goal of growing its fleet to 30 jets by the end of 2024, which now appears unlikely. GlobalX currently operates 15 Airbus A320-family aircraft, all of which are leased. The carrier expects delivery of another jet as soon as next week. <br/>