Global Airlines is back in the UK's insolvency courts over a new winding up petition, with recent hearings suggesting the pressure on the grounded A380 operator is mounting.
As Warren Buffett noted, "only when the tide goes out do you discover who has been swimming naked." We're already living in a "golden age" ...of grifting. Yet, this era makes the original Gilded Age look quaint. At least 19th-century robber barons built actual railroads. Today’s version includes pretending a failing shoe brand is a now "AI company" (Allbirds), or, as in this case, parking a broken A380 in the south of France and calling it a 'luxury airline.' At some point, the hype don't work no more, and people want their money back (but it's usually too late, then). Anyway, thanks as usual for muckraking on these jokers. Ooh, do Boom Supersonic, next! *watches tide go out*
“At least 19th-century robber barons built actual railroads.”
And the airlines can thank their successors for the Railway Labor Act, to boot. 😉
Not from the US so wasn't aware of what happened to Allbirds! Had a quick google (well ironically AI). Wow
I'm eagerly awaiting the Netflix special.
too bad Ben didn't get to fly Global, otherwise he would have been a great addition to the documentary 🙁
This is much of the new CEO class. Scummy but usually from an Ivy League background heavily trained on how to make a quick buck and then flee. These used to be the seedy flim flam used car sales man types. But they've improved their image with fancy degrees from prestigious universities, lots of meaningless but to the gullible impressive, word salads and often being a seen as a champion for the "little guy and diversity."
Only Fans Cofounder on the board would fit right into this image.
Thanks for staying on this story. The appetite for anti-grifter content is growing. We're not supposed to be mean to the people who fall for bs in the business or political space, but exposing and shaming grifters is fair game. Game on.
"We're not supposed to be mean to the people who fall for bs in the...political space..."
Except for fat orange Nazi voters. They fell for BS in the political space and they deserve people being "mean" to them. Especially the ones who thought that the cruelty would only be meted out to "others" and not THEM.
For all of his issues, I would still vote for him over Hillary, Biden or Kamala.
As far as falling for BS, perhaps you should look at the Democrat party supporting a failed political system (socialism) that has failed everywhere it's been tried.
For all of his issues, I'd vote for Trump again over Hillary, Biden or Kamala.
If you want to talk about falling for BS issues, perhaps you should look at dems falling for socialism, which is a economic system that has failed everywhere it's been tried.
Last I recall, this current hypocritical govt. is more socialistic than any govt. in recent history. From investing in private companies (thus choosing winner and losers and disrupting free market forces) to interventions to stabilize prices (such as oil, etc.) to federal contracts structured to support specific industries. Those certainly socialistic behaviors.
Apropos, Medicare, Social Security socialized programs.
Anyone dumb enough to have invested in this shambles, frankly, deserves what’s coming.
"OnlyFans co-founder Tom Stokely reportedly left the board of Global Airlines, and he was basically the most legitimate person associated with the company."
This phrase says so much about Global Airlines.... 🙂
I'm just disappointed, that the A380 will not undergo heavy maintenance. Would have been nice for it, to fly another decade.
I stand by my earlier prediction(s) that Asquith will be the first person who goes to prison as a result of this jumbo grift.
I’m 99% there with you! I 0.5% believe he’ll flee to a remote island where he can’t be extradited. And 0.25% believe he’ll successfully bribe the judge with free gaming class tickets and 0.25% believe fairies are real and will of course save the day for him. Tough odds there.
So, uh, do OMAAT status members get first dibs on those moon trips?
Of course someone will hire him. His con man and grift skills are in high demand these days. The fact that he bilked investors of millions of dollars over multiple years and is likely to get away with it is a feature of his resume, not something he's trying to hide.
i cant believe they let this fly to begin with.....the FAA actually allowed it...
What exactly should FAA "not allow"? The flight was operated by an airline with valid AOC.
Indeed, as Samo states, I don’t think the FAA (or any other regulatory body) would have had any grounds to deny:
-A legitimate airline (HiFly);
-With a valid AOC;
-With the proper rights to operate to and from the US;
-To fly four charter flights to and from the US;
-On an aircraft with a valid airworthiness certificate.
@isaacC, Why do you think otherwise? And I specifically refer to the US because the FAA in particular has no actual jurisdiction elsewhere.
I would love to be in the founders' investors round for OMAAT Airlines.
All seats will be flat beds with large ottomans. There may or may not be doors. 😉 They’ll all be window seats with direct aisle access so nobody is disturbed when Ben needs the toilet. There’ll be free Starlink wifi for all and excellent espresso-based coffee drinks, including cold brew. Of course, every seat will have multiple personal air vents to blow air at you from any angle you desire. 😁
As with almost every airline and founding and investing in it: this time it will be different.
...Right?
Where can we purchase the OMAT Airlines tickets?
Ben, you just don't understand the vision. Imagine how exciting the forthcoming merger between Global Airlines and Global Ghana Airlines is going to be! This is the path to greatness and the standards of service offered at the Lagos hub will make Riyadh Air look like Ryanair. Just watch!
I would’ve liked to see OMMAT interview Asquith too but he only wants to talk to certain mainstream media and lifestyle influencers. Basically people who prop up the narrative. He avoids Avgeeks, aviation YouTubers and anyone asking difficult questions. He’s enthusiastic and great at talking but when he keeps yapping about champagne, caviar, and limousines before getting certification you have wonder if he’s serious.
Any article on Global or Global Ghana is deliciously fun reading.