Global Crossing Airlines New Strategic Investor Is A Powerful Financial Tailwind

Many key questions as to how GlobalX will fuel its aggressive  growth plan were positively answered today, August 2nd 2023, with news that New York based Axar Capital Management LLC is providing the Miami based charter and cargo airline with USD $35 million of Senior Secured Notes.

Axar is a value-oriented alternative asset management firm with over USD $2.3 billion in assets under management.  

This news negates any market or shareholder concerns that there could be significant share dilution if GlobalX had to raise a considerable amount of equity.

GlobalX Chief Financial Officer, Ryan Goepel spoke with Grant Howard, President of The Howard Group about Axar’s investment and the multiple benefits that come with the strategic investment. 

Areas covered included:

• Certainties that the investment brings to GlobalX’s growth plans, 
• The benefits of  the Senior Secured Notes, 
• Eliminating the need to raise equity until it makes sense, 
• The belief this deal will attract more institutional interest and,
• Thinking around a NASDAQ listing.

The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.