Travel Trade Gazette also have the story
Flyglobespan goes into administration
Wednesday, December 16, 2009
Martin Ferguson
Scottish travel company Globespan Group, which owns web-based flight and package holiday firm Flyglobespan.com, is in the process of entering administration after failing to secure a last-minute investment package, TTG understands.
A source told TTG that papers were in the process of being served to the courts and that a formal statement from Globespan and the CAA would follow.
TTG understands the company's staff has been informed.