X0206 3 2023-08-02 0 0001846084 Global Crossing Airlines Group Inc. JETMF 0001673921 Axelrod Andrew C/O AXAR CAPITAL MANAGEMENT L.P. 402 W 13TH STREET, FLOOR 5 NEW YORK NY 10014 true true 0001673869 Axar GP, LLC C/O AXAR CAPITAL MANAGEMENT L.P. 402 W 13TH STREET, FLOOR 5 NEW YORK NY 10014 true true 0001650781 AXAR CAPITAL MANAGEMENT L.P. C/O AXAR CAPITAL MANAGEMENT L.P. 402 W 13TH STREET, FLOOR 5 NEW YORK NY 10014 true true Warrants to purchase Common Stock 1 2023-08-02 2030-06-30 Common Stock 5000000 I See footnotes Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Andrew Axelrod serves as the sole member of Axar GP, LLC, a Delaware limited liability company (the "GP"), which is the general partner of Axar Capital Management, L.P., a Delaware limited partnership, that serves as the investment manager (the "Investment Manager") to certain funds and/or managed accounts (collectively, the "Axar Vehicles"), with respect to these warrants (and any common stock received upon exericise thereof) held by the Axar Vehicles. Exhibit No. 24.1 Power of Attorney. Because Mr. Axelrod serves on the board of directors of the Issuer as a representative of the Reporting Persons, each of the Investment Manager and the GP may be deemed a director of the Issuer by deputization of Mr. Axelrod. /s/ Martin T. Schrier, as Attorney-in-Fact for Andrew Axelrod 2023-08-31 AXAR CAPITAL MANAGEMENT, L.P., By: Axar GP LLC, its general partner, By: /s/ Andrew Axelrod, its Sole Member 2023-08-31 AXAR GP LLC, By: /s/ Andrew Axelrod, its Sole Member 2023-08-31