Sorry, I just dont get this whole E-Clear thing and the withheld £34m the BBC are reporting. I can sort of understand how the £14m of payments for future travel hadnt yet reached Globespans accounts, but I can see no justification for E-Clear holding on to £20m of fares for flights that had already taken place. How can any airline continue day to day operations when your credit card clearer holds on to your revenue. I dont doubt that the company overstretched itself in recent years and I cant help thinking if they had stuck to flying full 737s each day from GLA/EDI/ABZ to the sun in conjuction with their well established travel brand, they might still be around. But how can any operator keep paying their bills if the cash for operated flights isnt forthcoming.
