Just seen this article about flyglobespan turns out they made a 13million pound loss last year becuase of the Icelandair a/c and aquiring the new 738's and everything else that happened. Even so TD stated this
"said it was insignificant for the group’s long-term viability". So i think the Globespan Group has plenty of money at the moment to suffer that kind of loss, meaning for now rumors of GSM's demise can be put to rest.
http://www.pressandjournal.co.uk/Art...6767?UserKey=0