Flyglobespan - Airline Bust!

[LucasLuke]

Article from
http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/8417183.stm

Scotland's biggest airline, Edinburgh-based Flyglobespan, has been placed in administration with all scheduled flights cancelled.
Administrators PricewaterhouseCoopers said Globespan was in contact with about 5,000 passengers booked with or travelling with the airline.
Last year the airline, which employs about 800 staff, carried more than 1.5m passengers and operated 12,000 flights.



The majority of the company's staff have been made redundant.
The move followed attempts to conclude a financing deal for the airline with Jersey-based Halcyon Investments which broke down earlier on Wednesday.


In a statement tonight, the administrators said the Civil Aviation Authority (CAA) would be responsible for the repatriation of about 1,100 people who are on holidays booked as part of a Globespan package holiday.

[xxMATTGxx]

Ah man, it has never looked good for the aviation industry since the world recession started kicking in. So XL went in the UK and now it these. BA isn’t looking too good either at the moment either. I feel sorry for all the people who are going to lose their job especially since its Christmas and everything.

[Black_Apalachi]

I've never even heard of this company so can't be a big surprise.

[Lee]

Ah man, it has never looked good for the aviation industry since the world recession started kicking in. So XL went in the UK and now it these. BA isn’t looking too good either at the moment either. I feel sorry for all the people who are going to lose their job especially since its Christmas and everything.
I agree, the crash couldn't of come at a worse time, with christmas in the run up. I wonder who will be next...

[Yoshimitsui]

BA would have gone long ago if it wasn't for the government! They are really deep in it but they will just continue cutting for the next year or so.