Markets· August 17, 2026 at 02:18 p.m.
GlobalX Airlines Drops Lawsuit Against Ascent Global Logistics, Ending Exclusive Brokerage Agreement
Key takeaways
- GlobalX Airlines has dropped a lawsuit against Ascent Global Logistics
- The companies have ended their exclusive brokerage agreement
- Cargo revenue dropped significantly for GlobalX in Q2
Global Crossing Airlines (OTCQB: JETMF), a charter operator facing persistent difficulties in generating business for its cargo fleet, has dismissed a $30 million lawsuit against Ascent Global Logistics and terminated their exclusive brokerage agreement. The move ends a saga that contributed to the carrier's struggles. The companies have agreed on payment terms for amounts owed to Ascent, but details were not disclosed.
