New Start - Global Airlines
Paxing All Over The World
If I was ungentlemanly, I might think that some investors are looking for a loss to set against tax. Naturally, no one would ever do such a thing.
there are easier ways..............
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According to planespotters.net Global has now registered A380 N123KK - the FAA website does indeed list a change of registration on the 30th of January though it is through a trustee so Global isn't actually mentioned.
The unfortunate result of the FAA re-allocating registration markings. Since re-allocated the N122A that I remember was a DC6 which met a fiery end by flying into a mountain in Oman.
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According to planespotters.net Global has now registered A380 N123KK - the FAA website does indeed list a change of registration on the 30th of January though it is through a trustee so Global isn't actually mentioned.
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Join Date: Nov 2023
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Global Airlines Ltd, E&W company number 13508008: no shares issued beyond the usual £100, no other capital-related documents filed with Companies House yet, no obvious subsidiaries or holding company. Registered address is london-virtualoffice.com, £60 / month minimum cost.
Bit confused.
What can they do with this Maltese registration when it comes to serve their stated UK to US market?
What can they do with this Maltese registration when it comes to serve their stated UK to US market?
Last edited by magyar_flyer; 4th Feb 2024 at 06:37.
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I thought we’d been through this. Global Airlines Ltd. is a subsidiary of Holiday Swap Group Ltd. Holiday Swap Group Ltd. has been selling shares at a premium on the basis of the value of Global Airlines Ltd. Please keep up.
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I appreciate an A380 isn't especially sought after but even so, they've got to be worth well in excess of £15m to buy outright? Have they really managed to sell £15m worth of shares on the promise of an airline which is planning to offer the A380 as a charter operation before maybe one day, once countless licensing issues are resolved, operating Gatwick > New York?
More money than sense if that's what you're investing in.
More money than sense if that's what you're investing in.
I appreciate an A380 isn't especially sought after but even so, they've got to be worth well in excess of £15m to buy outright? Have they really managed to sell £15m worth of shares on the promise of an airline which is planning to offer the A380 as a charter operation before maybe one day, once countless licensing issues are resolved, operating Gatwick > New York?
More money than sense if that's what you're investing in.
More money than sense if that's what you're investing in.
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So, £30m or so? I don't understand what competent business people with that sort of money would invest in it at this stage.
All they seem to have done so far is put two A380s on the register of another airline who, unsurprisingly, dumped them a few years ago, because there wasn't a demand for them.
All they seem to have done so far is put two A380s on the register of another airline who, unsurprisingly, dumped them a few years ago, because there wasn't a demand for them.
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Help me with imagining the balance sheet, please.
Today, Global Airlines Ltd has a Big Aircraft as an asset and a matching liability to the parent, give or take its own £100 share capital.
Holiday Swap Group Limited has millions of share capital and a big debtor in the form of its subsidiary. All is fine.
In a year's time, assume that the anti-entrepeneurial CAA is dragging its feet over an AOC or whatever, Global Airlines Ltd's big asset has depreciated a bit, the liability to its parent remains the same so net shareholder funds are negative. But the Holiday Swap Group Limited balance sheet is unchanged and is still in fine shape.
What have I got wrong?
Assuming turnover less than £10m and the current 4 employees do not grow to over 50 and they remain private companies no audit is required.
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That is why I sit at the back and keep quiet mostly.
Help me with imagining the balance sheet, please.
Today, Global Airlines Ltd has a Big Aircraft as an asset and a matching liability to the parent, give or take its own £100 share capital.
Holiday Swap Group Limited has millions of share capital and a big debtor in the form of its subsidiary. All is fine.
In a year's time, assume that the anti-entrepeneurial CAA is dragging its feet over an AOC or whatever, Global Airlines Ltd's big asset has depreciated a bit, the liability to its parent remains the same so net shareholder funds are negative. But the Holiday Swap Group Limited balance sheet is unchanged and is still in fine shape.
What have I got wrong?
Assuming turnover less than £10m and the current 4 employees do not grow to over 50 and they remain private companies no audit is required.
Help me with imagining the balance sheet, please.
Today, Global Airlines Ltd has a Big Aircraft as an asset and a matching liability to the parent, give or take its own £100 share capital.
Holiday Swap Group Limited has millions of share capital and a big debtor in the form of its subsidiary. All is fine.
In a year's time, assume that the anti-entrepeneurial CAA is dragging its feet over an AOC or whatever, Global Airlines Ltd's big asset has depreciated a bit, the liability to its parent remains the same so net shareholder funds are negative. But the Holiday Swap Group Limited balance sheet is unchanged and is still in fine shape.
What have I got wrong?
Assuming turnover less than £10m and the current 4 employees do not grow to over 50 and they remain private companies no audit is required.
I further think that Holiday Swap Group Ltd. will have to produce Consolidated Group Accounts.