Not quite closed yet RoyHudd, four of their five aircraft has been out flying today - actually their A330 is right now to the north of the British Virgin Islands on its way to Cancun (flying for Air Europa). According to El Pais the Spanish Competition Commission has objected to merger between Orbest and the orther airline of Globalia, Air Europa. Because of this uncertainty Globalia has stopped funding Orbest. It seems like Orbest today got a 4 months creditor protection in backruptcy court, but there are rumours that all Orbest aircraft are ordered back to base. Maybe GECAS want their 3x A320 back?
Already two months ago (16 December 2012) El Pais had an article about the posibility for an Orbest bankruptcy, so today's events should not come as a surprise.
Globalia revienta la boda | Economía | EL PAÍS