New Start - Global Airlines
Global airlines Ltd is a wholly owned subsidiary of holiday swap group Ltd. The latter company’s accounts for the year ended 31-12-2021 disclose a substantial share issue just before the year end. I would be interested to see the 31.12.2022 accounts.
Same with UK international airlines, based at EMA. The owner burnt through £5m of cash buying 2 old Boeing 767-200s from United Airlines and managed to launch an EMA to ISB route via Sharjah, but it only lasted a couple of weeks I recall, back in 2007/8. Acquiring and operating 3 Airbus A380 aircraft will require a huge capital investment
"Acquiring and operating 3 Airbus A380 aircraft will require a huge capital investment"
Probably "buying" on deferred terms and he'll probably be paying to make it airworthy again so the owner gets something even if he can't pony up the cash. Operating? Well I suspect he'll have to be paying cash up front for a lot of services - too many people bitten in the past by this sort of start-up.
Probably "buying" on deferred terms and he'll probably be paying to make it airworthy again so the owner gets something even if he can't pony up the cash. Operating? Well I suspect he'll have to be paying cash up front for a lot of services - too many people bitten in the past by this sort of start-up.
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https://www.google.com/search?client...lobal+Airlines
If I was a gambling man, I would bet that this "outright purchase" is anything but. More of a carefully crafted paper transaction designed to make the lessor look like they're in the pocket and the airline venture look credible. Win win for both. Smoke and mirrors. If I'm wrong, then this 34 year old CEO with no previous aviation experience, a single white elephant of a jet and couple of classic routes is on to a winner!
If I was a gambling man, I would bet that this "outright purchase" is anything but. More of a carefully crafted paper transaction designed to make the lessor look like they're in the pocket and the airline venture look credible. Win win for both. Smoke and mirrors. If I'm wrong, then this 34 year old CEO with no previous aviation experience, a single white elephant of a jet and couple of classic routes is on to a winner!
short flights long nights
Scourge of Bad Airline Management!
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Some people on here know what I do for a living. This business plan crossed my desk the other day.
It is just beyond dreadful.
Blatant untruths from beginning to end. Established companies being used as 'strategic partners' when I know for a fact they are not even remotely involved (it can't be long before Global gets rude legal letters). The numbers are just fanciful - put in place by someone who clearly does not have the first clue about airline economics, the cost drivers, the regulations.
One lovely example is that he claims to have an AOC and an operating licence. Without a flying aircraft, that would be up there with that glass of Nazareth tap water that blushed deeply and smelt of Merlot.
I never thought in a million years that I would see a plan more driven by drugs, lunacy and lies than Atmosphere. But ladies and gents - this one has got Unsworth beaten to a pulp.
Another complete and utter joke.
It is just beyond dreadful.
Blatant untruths from beginning to end. Established companies being used as 'strategic partners' when I know for a fact they are not even remotely involved (it can't be long before Global gets rude legal letters). The numbers are just fanciful - put in place by someone who clearly does not have the first clue about airline economics, the cost drivers, the regulations.
One lovely example is that he claims to have an AOC and an operating licence. Without a flying aircraft, that would be up there with that glass of Nazareth tap water that blushed deeply and smelt of Merlot.
I never thought in a million years that I would see a plan more driven by drugs, lunacy and lies than Atmosphere. But ladies and gents - this one has got Unsworth beaten to a pulp.
Another complete and utter joke.
Astonishing! It certainly fooled simpleflying.com though.
I'm not sure what that says about their (allegedly) experienced writers!
I'm not sure what that says about their (allegedly) experienced writers!