Global Airlines ordered into compulsory liquidation, ceases operations

Mixed · 2Global Airlines, a UK carrier, has ceased operations and cancelled future flights after being ordered into compulsory liquidation. 1 2 Mixed · 2The High Court of Justice in London issued the winding-up order on Wednesday 4 November after the company failed to pay its debts. 1 2 Mixed · 2Both outlets say the company ran out of money and so could not launch any further flight schedule. 1 2

Mixed · 2The airline was founded by James Asquith and aimed to run a fleet of Airbus A380 superjumbos on luxury transatlantic routes; it flew round trips from Glasgow to New York-JFK and from Manchester to New York-JFK. 1 2 Mixed · 2Former directors Tom Stokely and Prashant Uttamchandani joined the case as supporting creditors, represented by the law firm Katten Muchin Rosenman. 1 2 Mixed · 2The company's bank accounts have been frozen while its assets are sold to repay creditors. It is still listed at Companies House, but its latest accounts are overdue. 1 2

Mixed · 2Global Airlines made its first flight, from Glasgow to New York, in May 2025. Two months later its aircraft were moved to Tarbes, France, for maintenance, and they have been grounded since. They are now expected to be sold to pay creditors. 1 2 Mixed · 2Both articles put the collapse in an industry context: near-record passenger demand but rising costs and production backlogs, a projected US shortfall of nearly 30,000 pilots by 2030, jet fuel prices that have doubled because of the Middle East war, and a global backlog of more than 18,000 aircraft orders. 1 2