Global Crossing Airlines leases P2Fs from Aerovista JV
11 / 03 / 2022
US-headquartered Global Crossing Airlines Group (GlobalX) has signed an order for the long-term lease of two Airbus A321 Passenger-to-Freighter (P2F) aircraft from Petrus Aerovista A321 Holdings LLC, a joint venture between Aerovista and Petrus Aviation.
Dubai-based lessor Aerovista arranged the acquisition of the two Airbus A321 passenger aircraft, and both aircraft will be converted with 321 Precision Conversions.
The first aircraft (MSN 1451) will commence conversion in the first quarter of 2023 and is expected to enter service with GlobalX in August 2023.
The second aircraft (MSN 1503) will commence conversion in the second quarter of 2023 and is expected to be placed into service by GlobalX in November 2023.
GlobalX currently flies as a passenger ACMI and charter airline serving the US, Caribbean, and Latin American markets, but has been investing in P2F aircraft to move into the cargo market. In October 2020, GlobalX announced plans to lease 10 converted Airbus A321 freighters from Vallair, while in May 2021 it signed a LOI to lease five A321s with ST Engineering’s Aviation Asset Management unit.
Ed Wegel, chair and chief executive officer of GlobalX, said: “We are delighted to be working with Aerovista on these two A321 freighters. Aerovista is a well-established lessor who understands the needs and requirements of an airline like GlobalX, and we look forward to taking delivery of these freighters and hopefully additional aircraft from them.”
Apandi Lakhiyalov, chairman and managing director of Aerovista, added: “It is a pleasure for us to support the growth ambitions of GlobalX. The Airbus A321 freighters are some of the most efficient single-aisle freighters on the market and we are excited to see the success these aircraft will bring to expand GlobalX’ operations. We look forward to a successful partnership with the team.”
Aerovista specialises in narrowbody aircraft, particularly focusing on the A320 family. Building on its previous individual experience of leasing, trading, and converting narrowbody aircraft, Aerovista has been developing its freighter product offering since early 2021.
Petrus Aviation provides aviation financing and since 2003 has financed over 150 aircraft across almost every segment of commercial aviation.