Canada Jetlines Confirms Shareholder Approval of Transaction and Provides Details of GlobalX Online Presentation

From Canada Jetlines Ltd.

VANCOUVER, B.C., June 2, 2020 — Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce that its shareholders have overwhelmingly approved the business combination transaction (the “Transaction”) of Global Crossing Airlines, Inc. (“GlobalX”) and Jetlines. At Jetlines’ Special Meeting of shareholders, 95.89% of the common and variable voting shares were voted in favour of the Transaction. With shareholder approval of the Transaction completed, GlobalX and Jetlines are working to satisfy the final closing conditions. The parties are anticipating that all closing conditions will be satisfied or waived in June 2020, such that the closing of the Transaction can occur during the current month.