flyglobespan enters administration

flyglobespan enters administration

Scotland’s largest airline, flyglobespan, left close to 4,500 passengers stranded in destinations throughout Europe including Spain and Portugal after the company collapsed yesterday. The airline’s parent company Globespan went into administration on Wednesday, leaving flights cancelled and 800 people without jobs.

The Civil Aviation Authority is currently working on repatriating 1,100 of the passengers who had booked holiday packages with Globespan, leaving 3,400 passengers looking for alternative flight arrangements to return to the country. The people trying to arrange flights back have been told that the may qualify for a repatriation discount on flights and have been advised to stay away from the airports until they booked alternative flights. Both Ryanair and easyJet have offered special discounted ‘rescue’ packages for stranded passengers and Thomas Cook have arranged additional capacity on flights to help.

The company went into administration after an attempt to bring in additional funding fell through, leaving Globespan in an unrecoverable position. The administrators, PriceWaterhouseCoopers, have asked Globespan to contact current passengers, employees and people who have booked holidays with the firm to inform them of the situation. Approximately 120,000 people currently have flights booked with flyglobespan, but only a quarter of these customers are protected via the ATOL (Air Travel Organisers’ Licensing) insurance scheme, but the remaining passengers may have to check with their own insurers and credit card companies to apply for refunds.

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