Ambition took flight.
The truth landed here.
HolidaySwamp
$394 million on paper.
What happened next?
Holiday Swap. IHTG. Global Airlines. Investors, creditors and a trail of promises. An A380. And a story that raises serious questions.
Follow the money. Examine the evidence. Draw your own conclusions.
$394 million refers to the valuation represented in source material held by HolidaySwamp. It is not an independently established fair value.
Conceptual editorial artwork. Not a photograph of the aircraft's actual condition or location.
Court Watch
GLOBAL AIRLINES LTD
WINDING-UP PETITION
5:00 PM London time, Tuesday 23 September 2026
Until 5:00 PM (London time)
Tuesday, 23 September 2026
Countdown target: 5:00 PM London time, Tuesday 23 September 2026. The timer updates on screen.
- Case:
- CR2026004213
- Filing reported:
- 29 May 2026
$394 million. On paper.
HolidaySwamp holds material circulated in support of a represented valuation of IHTG / Holiday Swap. How was that valuation constructed, and what happened next?
Supporting material is under review.
Follow the valuation →Follow the company number.
10847362
One company. Three names. Holiday Swapping Limited became Holiday Swap Group Limited, then IHTG Limited.
3 July 2017
Holiday Swapping Limited
26 August 2021
Holiday Swap Group Limited
18 September 2024
IHTG Limited
Active — Companies House, checked 21 September 2026.
- S1 Companies House record — company 10847362Primary public register record for the company and its dated name history.
The next act
Then came an airline.
The investigation also follows Global Airlines, its A380 ambitions and the records behind the story.
Explore the airline chapter →What was represented?
What was represented? What does the record show? What remains unanswered?
No reviewed claim and evidence examples are published yet. Our classification and review process is set out in the Methodology.
Read the methodology →Were you there?
Create an account to tell your story, submit evidence and separately request access to the private Evidence Library.
Get startedThe story is still unfolding.
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