Summary
- Global Crossings Airlines Group (GlobalX) is adding three aircraft to its fleet, including an A321F and two A320 family passenger aircraft.
- GlobalX primarily operates as a wet lessor and charter operator of Airbus aircraft, with a deal with ACMI leasing.
- The A321F is a freighter version of the Airbus A321 and is quickly becoming a well-liked selection within the cargo industry resulting from its performance and cargo capability.
The Global Crossings Airlines Group (GlobalX) is about so as to add three aircraft to its growing fleet – an A321F and two A320 family passenger aircraft. GlobalX is a noted wet lessor of aircraft.
Growling the GlobalX Fleet
For the Global Crossings Airlines Group, which does business as GlobalX, the airline is best referred to as a wet leaser and charter operator of Airbus aircraft. GlobalX is also an operator of an air cargo path to Cuba, using Airbus A321Fs.
The acquisition of a 3rd Airbus A321F and an eleventh and twelfth passenger jet will extend the airline’s capability. In line with the airline’s September 2023 investor overview, as you’ll be able to see within the select slides below, the airline intends to go together with a single fleet of Airbus A320 family aircraft.
Moreover, the airline has supported each government clients and major US college teams alongside traditional low-cost airlines that need an ACMI/wet lease lessor to satisfy their growth plans.
GlobalX perceives being a hybrid charter airline as insulation from “economic cycles,” especially with the flexibility to supply ACMI leasing options. Already, 70% of GlobalX’s business comes from ACMI leasing, in line with an October 5 GlobalX statement.
So, what’s ACMI leasing?
ACMI leasing is billing for the share of the operating costs of an aircraft plus the aircraft’s crew, maintenance, and insurance – hence the acronym ACMI. Low-cost carriers like Allegiant, Avelo, Canada Jetlines, Lynx Air, and Wizz Air have all used GlobalX’s ACMI offering to have an airplane meet the lessee’s growth needs.
ACMI airlines are rare, but having an airline only pay for its share of use of the aircraft and supports – corresponding to crew, fuel, and insurance – does lead to lower operating costs to be passed on to customers. Very helpful for low-cost airlines.
In regards to the Airbus A321F
Yes, there’s a freighter version of the Airbus A321. The A321F is healthier referred to as the A321P2F, because the A321Fs are conversions from passenger aircraft to freighters. In line with Air Cargo News on September 14, Cargo Aircraft Management (CAM), a subsidiary of Air Transport Services Group (ATSG) is doing the conversions.
Graphic: Cargo Aircraft Management
A September 12 GlobalX statement had the next insight from Ed Wegel, Chair and CEO of GlobalX.
“Our A321F fleet has performed extremely well – with higher fuel burn, and cargo and unload times for each predominant deck and lower belly of lower than 45 minutes. The A321F takes 50% more volume than its narrowbody competitor and is quickly shaping as much as be the 757 freighter alternative aircraft,
“Together with our customers, we’re extremely pleased with the A321F performance, and we’ll proceed to grow our fleet of A321 freighters together with the increasing demand for the aircraft.”
A review of the Cargo Aircraft Management webpage for the A321-200PCF shows that such aircraft are able to hauling 14 “A” Code 88” X 125” pallets with a complete cargo volume of 7963 cubic feet, which happens to be 1,400 cubic feet greater than B737-800F. Each aircraft also comes with a full-size lavatory, a crew galley, and baggage stowage.
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