A UK airline has ceased operations and cancelled future flights after being ordered into compuslory liquidation. It comes after the company ran out of money, meaning it could not launch a further flight schedule. The High Court of Justice, in London, officially issued a winding-up order against the firm on Wednesday, November 4 after it could not pay its debts.
Global Airlines, founded by James Asquith, aimed to operate a fleet of Airbus A380 superjumbos for luxury transatlantic travel. It operated a round trip from Glasgow to New York-JFK and a round trip from Manchester to New York-JFK.
It has now been confirmed that a winding-up petition has been confirmed. Former directors Tom Stokely and Prashant Uttamchandani joined the case as…