How did we get here?
HolidaySwamp follows the companies, the representations and the people seeking answers. Start with the record, distinguish what was said from what can be established, and follow the questions that remain.
Last reviewed 21 September 2026
Chapter 01
Holiday Swap
The story begins with Holiday Swap. Company 10847362 provides a continuous thread through the names Holiday Swapping Limited, Holiday Swap Group Limited and IHTG Limited.
No verified subsequent outcome is published.
- S1 Companies House record — company 10847362Primary public register record for the company and its dated name history.
Chapter 02
The Valuation
$394 million is the valuation represented in source material held by HolidaySwamp. Our investigation asks how that figure was constructed and what evidence supports its components. It should not be read as an independently established fair value.
Supporting material is under review.
The contributor who supplied this material alleges that all of the data on this slide was manufactured. They state that Global Airlines owned one aircraft, had no Air Operator Certificate and had no booking system. These claims are allegations and remain subject to documentary verification and a right of reply.
No verified subsequent outcome is published.
Chapter 03
The Money
What money was invested, lent or claimed to be owed, and on what terms? We are assembling first-hand accounts and supporting records. Amounts reported by contributors are claims until checked and clearly attributed.
No verified subsequent outcome is published.
Chapter 04
Global Airlines
The story also concerns Global Airlines and its Airbus A380 ambitions. This chapter examines the records connecting the airline, its public representations and the people involved.
No verified subsequent outcome is published.
Chapter 05
The Promises
A representation is not the same as an outcome. We examine what people were told, when they were told it and what subsequent records show.
No verified subsequent outcome is published.
Chapter 06
The Creditors
People who say they are owed money can submit their account and supporting documents privately. The investigation distinguishes an asserted debt, a disputed claim and an adjudicated liability.
No verified subsequent outcome is published.
Chapter 07
The Court
Court Watch records procedural developments and their sources. A petition is a request to the court, not a finding of insolvency or a winding-up order.
No verified subsequent outcome is published.
Court Watch →Chapter 08
What Happens Next
The record is still developing. If you have relevant information, you can tell your story, submit documents or point us to a correction.
No verified subsequent outcome is published.