What is Global Airlines' strategy with older jets?

Global Airlines is focusing on operating older, four-engine widebody jets like the Airbus A340 and A380, which is unusual in the current aviation market.

Why are analysts questioning Global Airlines' Airbus A340 acquisition?

Analysts question the cost-efficiency and fuel economy of the A340, a type of aircraft most major airlines are retiring due to high operating and maintenance costs.

Was the Airbus A340 officially leased by Global Airlines?

The lessor, Hi-Fly, stated the A340 was acquired by Global Airlines solely for brand-promotion purposes, not for operational use.

Home / Business and Economy / Airline Bets on Vintage Jets for Transatlantic Flights

Airline Bets on Vintage Jets for Transatlantic Flights

7 Dec, 2025

•

Summary

Startup Global Airlines acquired a 25-year-old leased Airbus A340.
The airline's strategy relies on four-engine jets, defying industry trends.
Analysts question the cost-efficiency of operating older, fuel-thirsty planes.

Airline Bets on Vintage Jets for Transatlantic Flights

A nascent British airline, Global Airlines, is generating industry debate by acquiring older, four-engine aircraft. The company recently added a 25-year-old leased Airbus A340 to its fleet, which already includes an Airbus A380. This acquisition follows a period where the A380 completed a limited number of flights with mixed passenger reception. Global Airlines' unique business model focuses on these widebody, quad-jets, a choice that many major carriers have moved away from due to their higher operating costs.

Industry experts and analysts have voiced considerable doubt about Global Airlines' strategy. They point to the A340's higher fuel consumption and maintenance expenses compared to modern twin-engine aircraft like the Boeing 777 or Airbus A330. The airline's CEO, James Asquith, has indicated that acquiring these older planes at bargain prices will offset the operational costs. However, the success of this model remains contingent on stable fuel prices and successful passenger operations.