You are right about the operational issues that Globespan had before their demise…
However, they could have been rescued as they seemed to have got their act together, before the CC company held up the revenues that were due..
If I remember right, the passengers had already paid and flown on their flights and the company still refused to release the monies due to Globespan, in some cases 6 moths after the customer had flown!
If memory serves me, I’m sure the CC Company was also in financial difficulties, and would have bankrupted themselves if they had paid what was due to Globespan
Anyway if Air Asia couldn’t make a fist of long haul services, I’m not sure who can…..As the O’Leary man said last night….our pricing model is based on a £6 per passenger profit margin….and at least 80% load factor