New Start - Global Airlines
He should say who the claimed investors are and how much money he has to spend? He still makes himself look like a fanboy running a virtual computer game airline. No AOC, but his merchandise store is online.
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This is the same old story that I see over and over again.
What are they doing in detail? The sexy bits - pics of the aircraft, the cabin, how wonderful it’s all going to be, how the industry is crying out for their product, how their new best mates like Amex (!!!!) adore them, and look at how all these folks on LinkedIn think they are fab....
What are they not doing? The hard graft, a coherent business plan, the aeropolitics, the commercials, the engineering, the crewing, the FTLs, the bazillion contracts etc etc etc. All the hard graft, the grubby stuff that isn’t sexy but is essential.
I will bet they have not had their preliminary meeting with the CAA. They should - but I’ll bet they don’t want the CAA pricking their balloon of dreams with the sharp pin of reality. I would never put words in the CAA’s mouth, but I would bet that what the CAA would tell them will be incredibly practical and useful (that’s based on my decades of experience) but will not be what Global want to hear.
Global need to forget the AOC for now, forget postholders, forget the ‘partners’, forget the PR and the boozy receptions, forget the recruitment of PR folks. What they do need to do is focus on their business plan, and get a feel for how much their plans are going to cost. Right now they feel like people building an enormous country estate, who have recruited interior designers and gardeners without working out what the budget is - and whether they can afford it.
I have, since I was bored, done a Benson & Hedges estimate (back of a fag packet) on what their plans need in terms of cash, based on their public statements. I had to lie down in a dark room afterwards… it’s way into NINE FIGURES. They will not - they cannot - raise this. You can take that as gospel, folks.
What are they doing in detail? The sexy bits - pics of the aircraft, the cabin, how wonderful it’s all going to be, how the industry is crying out for their product, how their new best mates like Amex (!!!!) adore them, and look at how all these folks on LinkedIn think they are fab....
What are they not doing? The hard graft, a coherent business plan, the aeropolitics, the commercials, the engineering, the crewing, the FTLs, the bazillion contracts etc etc etc. All the hard graft, the grubby stuff that isn’t sexy but is essential.
I will bet they have not had their preliminary meeting with the CAA. They should - but I’ll bet they don’t want the CAA pricking their balloon of dreams with the sharp pin of reality. I would never put words in the CAA’s mouth, but I would bet that what the CAA would tell them will be incredibly practical and useful (that’s based on my decades of experience) but will not be what Global want to hear.
Global need to forget the AOC for now, forget postholders, forget the ‘partners’, forget the PR and the boozy receptions, forget the recruitment of PR folks. What they do need to do is focus on their business plan, and get a feel for how much their plans are going to cost. Right now they feel like people building an enormous country estate, who have recruited interior designers and gardeners without working out what the budget is - and whether they can afford it.
I have, since I was bored, done a Benson & Hedges estimate (back of a fag packet) on what their plans need in terms of cash, based on their public statements. I had to lie down in a dark room afterwards… it’s way into NINE FIGURES. They will not - they cannot - raise this. You can take that as gospel, folks.
Last edited by TwinAisle; 1st Aug 2023 at 07:37.
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Does that exclude LGW's new '3rd Terminal' that Global will need to build so they can run their own security and get rid of queues, ensure EK doesnt delay them if it is on stand too long at LGW's current sole A380 stand and handle passengers and baggage to their high standards; a hangar or facility for the Global-owned GHA they will need to establish so they can self handle; their training facility so their staff deliver to Global's high standards; and their maintenance hangar that they will need too!?
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Does that exclude LGW's new '3rd Terminal' that Global will need to build so they can run their own security and get rid of queues, ensure EK doesnt delay them if it is on stand too long at LGW's current sole A380 stand and handle passengers and baggage to their high standards; a hangar or facility for the Global-owned GHA they will need to establish so they can self handle; their training facility so their staff deliver to Global's high standards; and their maintenance hangar that they will need too?
Or will those be extras!?
Or will those be extras!?
Remember that line in Jaws? “We’re gonna need a bigger boat”…
Well I’m gonna need a bigger calculator…
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Hope you all have your orders in for your 'Global Hoodies'....a steal at just £45 #howNOTtostartanairline
https://shop.globalairlines.com/products/frontpack
https://shop.globalairlines.com/products/frontpack
Hey - they could be a real winner - in a few years time people will ask "who were they?"
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Global claim that they have done a deal with Amex - but try searching the Amex UK site - not a mention of them.
I suggest that anyone with an Amex card contacts Amex customer service to ask for the specifics of the arrangement with Global.
WHAT IS THE BENEFIT that Global claim cardholders will get ? Because there's nothing on the website.
We can assume that there will NEVER be an inaugural flight from Global (certainly not in the manner Asquith has promised - EG some charter flight COULD happen - but NOT a Global registered aircraft with a UK AOC in Spring 24 etc). But close reading of Asquith's claim for an arrangement with Amex - that cardholders have 'the opportunity to be among the first passengers on Global Airlines' indicates that there is nothing very exclusive about it. 'Among the first'? Much in the same way that someone with a handful of cash could be 'among the first' to grab a seat. And surely even Asquith would not suggest that that would indicate an endorsement by the Bank of England!
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They may have an outline agreement to use once the service is running. I doubt AmEx will allow their name to be used publically until they can see what is going to happen.
AmEx's announcement looks like little more than boilerplate [insert name of new merchant, with a couple of nods to their business sector]:
"We're committed to ensuring that Amex is accepted wherever our Cardmembers want to spend, so are delighted to bring them the opportunity to be among the first [passengers on Global Airlines]. With our long history in [travel], this new partnership is hugely exciting for us."
Paxing All Over The World
Yep, well found. That is not a 'deal' it's just doing what every other airline does. if this IS what he's on about - then he must be desperate! You don't play up a 'deal with AmEx' when you have an outline agreement to accept their card - which will pay them a handsome fee....
As I have said, I'm enjoying this very much.
As I have said, I'm enjoying this very much.
"Right now they feel like people building an enormous country estate, who have recruited interior designers and gardeners without working out what the budget is - and whether they can afford it."
Ahhh - but he's not "intending to afford it" - he's out trawling for mugs, he'll probably float it on AIM with all the other lifestyle companies, raise a few million and then pay himself a very nice salary for a few years until the next "disruption" occurs to him
Ahhh - but he's not "intending to afford it" - he's out trawling for mugs, he'll probably float it on AIM with all the other lifestyle companies, raise a few million and then pay himself a very nice salary for a few years until the next "disruption" occurs to him
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I doubt Global have actually signed a merchant agreement with Amex. It's been a long time I've dealt with credit card merchants, but there are a lot of things they would want to be comfortable with before actually signing an agreement that deals with handling fees, chargebacks etc.
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I fail to see what the big deal is about Global's tie up eith Amex which Global claims is huge News with numerous Instagram reels. So they have agreed that you will be able buy stuff they sell with Amex and there seems to be a discount/perk. Amex is not widely accepted in comparison with Visa or Mastercard and any merchant can agree to accept Amex if they are prepared to pay the higher fees. Considering Global does not offer a product (other than polyester hoodies) I fail to see why they are even mentioning that Anex has agreed to let them accept Amex for payment and that it may offer a discount to card members in the future. I tend to use Amex and I would expect any airline to accept Amex as standard.
At the moment they only accept Google pay and Shop pay which do not work in a number of countries. Hardly Global!
At the moment they only accept Google pay and Shop pay which do not work in a number of countries. Hardly Global!
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"Right now they feel like people building an enormous country estate, who have recruited interior designers and gardeners without working out what the budget is - and whether they can afford it."
Ahhh - but he's not "intending to afford it" - he's out trawling for mugs, he'll probably float it on AIM with all the other lifestyle companies, raise a few million and then pay himself a very nice salary for a few years until the next "disruption" occurs to him
Ahhh - but he's not "intending to afford it" - he's out trawling for mugs, he'll probably float it on AIM with all the other lifestyle companies, raise a few million and then pay himself a very nice salary for a few years until the next "disruption" occurs to him
He isn't interested in getting it RIGHT - he will just want as much money as he can get up fornt.
We're all making the mistake of thinking this is a genuine airline start-up business - its not - it 's the creation of a "disruptive, entrepreneur & financier"
You have been warned
We're all making the mistake of thinking this is a genuine airline start-up business - its not - it 's the creation of a "disruptive, entrepreneur & financier"
You have been warned
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And another from:
Global Airlines: Officially Calling "BS" (godsavethepoints.com)
EXCERPT FROM ''Officially calling 'BS'"Let me start by saying that in a travel world governed by protecting share price and shareholder value, rather than innovation and driving hospitality standards I admire those that take big swings or find new ways to please all. I don’t think Global Airlines will deliver in either of those avenues.
I’ve never been one to shy away from opinion and I’ve seen more than my fair share of big talking egos in the travel industry over the last decade. Few of these machismo ego types have been have been more easily ignored than James Asquith, the “founder and CEO” of paper airline, Global Airlines. I’d love to be wrong about this, I just so rarely am...................
Global Airlines: Officially Calling "BS" (godsavethepoints.com)
EXCERPT FROM ''Officially calling 'BS'"Let me start by saying that in a travel world governed by protecting share price and shareholder value, rather than innovation and driving hospitality standards I admire those that take big swings or find new ways to please all. I don’t think Global Airlines will deliver in either of those avenues.
I’ve never been one to shy away from opinion and I’ve seen more than my fair share of big talking egos in the travel industry over the last decade. Few of these machismo ego types have been have been more easily ignored than James Asquith, the “founder and CEO” of paper airline, Global Airlines. I’d love to be wrong about this, I just so rarely am...................