Trouble at Globespan?
From today's Aviation Industry News:
Globespan edges towards administration
Globespan Airlines, the low-cost carrier and its affiliate package holiday company, FlyGlobeSpan.com is one step closer to administration having failed to receive much needed investment. The company is on deadline for an investment and faces closure should it not receive a last-minute capital injection. Funds promised by Halcyon Investments, an investment company run by E-Clear, have been blocked as the airline must gain regulatory approval before it can receive the sum. However, E-Clear has SkyEurope's administrators on its tail; believing that the company owes EUR14.6m in costs pertaining to flight reservations. The Scottish airline has been under strain for some time and was close to administration a month ago.