Global Crossing Looks To Expand Operations Into South America

Global Crossing Airlines Group (TSXV: JET) is looking to enter new markets, predominantly in South America. The firm this morning indicated that it has engaged a strategic advisor to expand its operations within the Andean Region.

The company has hired Roberto Held, whom has six years of airline experience, specifically at Avianca, a Colombia-based airline. He previously held the role of chief financial officer of that company, focusing his efforts on a turnaround plan for the company and executing on its strategy.

Within the new role, Held will be tasked with the role of entering new contracts in the region for the company, with a focus on cargo. Held will also be looking to create new charter airlines in the countries of Ecuador and Colombia, and develop alliances with key industry partners within the region.

Global Crossing Airlines last traded at $1.88 on the TSX Venture.

Information for this briefing was found via Sedar and Global Crossing Airlines. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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