May 20, 2024

New UK-based airline acquires first A380

Global Airlines has acquired its first A380 aircraft from Doric Aviation.

The airline’s first transatlantic routes are expected to start in spring 2024, flying from London to New York and Los Angeles.

The new UK-based airline is expecting to add three more A380 aircraft to its fleet in the coming months.

Most A380s were put into storage at the height of the coronavirus pandemic, sparking speculation they would never return and be replaced by more fuel-efficient aircraft.

Global Airlines opted to acquire its first A380 rather than opting for the traditional leasing route, with significant backing from investors and parent company Holiday Swap.

The acquisition was made at an undisclosed price, understood to be in the eight-figure range. 

Global Airlines will formally launch this summer when it will disclose more details about its passenger proposition, industry partnerships, future route networks and growth aspirations. 

James Asquith, CEO and Founder, said: “Our aspiration is to be the best way to fly and the A380, with its unmatched levels of space, comfort, and service, will be absolutely central to achieving that vision. 

“The purchase of our first aircraft demonstrates that we are well on the way to launching Global. The next step is to overhaul and refit the aircraft to our high specification, providing our customers with the best experience in the sky today. Acquiring our aircraft rather than leasing showcases our commitment to financial security and resilience from day one.” 

Sibylle Paehler, Managing Partner at Doric, added: “We are delighted to have worked with James and the team on the acquisition of their first Global Airlines aircraft. 

“Contrary to popular belief, the A380 is widely recognised as the best way to fly, offering unparalleled comfort and features that lead to a unique travel experience. We are proud to have placed this beautiful modern aircraft with a new airline that will soon take to the skies. We are confident that Global Airlines will acquire more A380 aircraft in the near future.” 

Globalairlines.com

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