Flyglobespan into administration
Join Date: Oct 2006
Location: southern spain
Posts: 1,987
Likes: 0
Received 0 Likes
on
0 Posts
E-CLEAR
They may have a London office but I gather the company is fronted by two Greek Cypriots with their HQ in Cyprus. I know the administrators of Sky Europe are chasing over 14 million Euros reportedly held by E-Clear which was one of the problems of Sky Europe being unable to continue operating because they could not get hold of any ready cash.
Join Date: Mar 2008
Location: Newcastle NI
Posts: 824
Likes: 0
Received 0 Likes
on
0 Posts
Its always easier to blame someone else
I have no idea what part E-Clear played in the downfall of Globespan, if any? no doubt some will blame Paddy power or the Icelandic wet lease, sadly it is a national trait north of the border to look elsewhere when it comes to the blame game
Globespan was badly run and had a flawed business model, it failed to address the volumes of complaints that resulted in some of the worst ever postings on Airline quality ratings, to be fair most of these effected the longhaul market.
There are also the reports from crews who were forced to try and evade US work permits by traveling as pax then re checking in as pax and changing on board and many other iffy dodges and of course non compliances with AOC requirement resulting in loss of ETOP's, FD flying out then sitting in the cabin on the way back doing 17+ hour days before a couple of hours drive home in some cases
I am not sure if TD was swept up by the SNP "tiger economy bollocks" that we all know to be just that.
Will it be missed, well yes by the people who depended on it for their income, will it stop people in Scotland having holidays, er no.
One area that does need addressing for the industry as a whole is the repatriation of crews stranded abroad, many cabin crew (BA aside!!) earn a pitance and live almost hand to mouth just to pay their mobile phone bill.
It should be required in law that all UK employed crew should be brought back home and any hotel costs & travel costs paid from ATOL funds, this should only apply to UK reg airlines of course, ATOL should have first call on any funds remaining after wages and before banks
Globespan was badly run and had a flawed business model, it failed to address the volumes of complaints that resulted in some of the worst ever postings on Airline quality ratings, to be fair most of these effected the longhaul market.
There are also the reports from crews who were forced to try and evade US work permits by traveling as pax then re checking in as pax and changing on board and many other iffy dodges and of course non compliances with AOC requirement resulting in loss of ETOP's, FD flying out then sitting in the cabin on the way back doing 17+ hour days before a couple of hours drive home in some cases
I am not sure if TD was swept up by the SNP "tiger economy bollocks" that we all know to be just that.
Will it be missed, well yes by the people who depended on it for their income, will it stop people in Scotland having holidays, er no.
One area that does need addressing for the industry as a whole is the repatriation of crews stranded abroad, many cabin crew (BA aside!!) earn a pitance and live almost hand to mouth just to pay their mobile phone bill.
It should be required in law that all UK employed crew should be brought back home and any hotel costs & travel costs paid from ATOL funds, this should only apply to UK reg airlines of course, ATOL should have first call on any funds remaining after wages and before banks
Join Date: Jan 2007
Location: Benahavis, Malaga, Spain
Posts: 86
Likes: 0
Received 0 Likes
on
0 Posts
A well written post, sir, apart from the complete tosh of your opening paragraph.
As someone said to me yesterday, if GSM had been a bank they would still be flying!
On another banking note, I am sure Fred Goodwin is relieved that he is no longer Scotland's No1 Most Wanted. No doubt he will be sending a christmas present to TD, by way of thanks.
As someone said to me yesterday, if GSM had been a bank they would still be flying!
On another banking note, I am sure Fred Goodwin is relieved that he is no longer Scotland's No1 Most Wanted. No doubt he will be sending a christmas present to TD, by way of thanks.
Join Date: Dec 2008
Location: On the Edge
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
If the same thing happened to BA, I'm sure the Government would have no hesitation in pumping money in to help. After all BA are a British institution.
E-Clear seem to have been partly responsible for the ruin of SkyEurope, XL, Zoom & now Flyglobespan (allegedly) Coincidence or conspiracy?
E-Clear seem to have been partly responsible for the ruin of SkyEurope, XL, Zoom & now Flyglobespan (allegedly) Coincidence or conspiracy?
Join Date: Sep 2007
Location: UK
Posts: 441
Likes: 0
Received 0 Likes
on
0 Posts
This from news.scotsman.com:
Flyglobespan could have been saved, says Swinney - Scotsman.com News
If e-clear proves to be the culprit, then it is a scandal irrespective of any issues regarding FlyGlobeSpan themselves.
KR
FOK
Flyglobespan could have been saved, says Swinney - Scotsman.com News
If e-clear proves to be the culprit, then it is a scandal irrespective of any issues regarding FlyGlobeSpan themselves.
KR
FOK
Join Date: Nov 2004
Location: UK
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
Curioser and curioser
'Owed £34 million'.....'company goes bust'.......
It begs the question of Globespan management/accountants......why didn't they see this coming?? and if they did why were/are employees treated so shamefully?? Either way I can't see Globespan management coming out of this smelling of roses.
It begs the question of Globespan management/accountants......why didn't they see this coming?? and if they did why were/are employees treated so shamefully?? Either way I can't see Globespan management coming out of this smelling of roses.
Join Date: Jan 2000
Location: U K
Posts: 469
Likes: 0
Received 0 Likes
on
0 Posts
If E Clear is sitting on any of Globespans passenger payments, the money should now be refunded. If people have paid for a service and the money has not reached the service provider, surely they must now get it back!
Join Date: Sep 2007
Location: UK
Posts: 441
Likes: 0
Received 0 Likes
on
0 Posts
From the e-Clear UK PLC website:
also from the Cyprus Securities and Exchange Commission:
ANNOUNCEMENT
Cyprus Securities and Exchange Commission (the ‘Commission’) announces that on the Commission’s Board meeting on January 17 2005, has been decided, among other issues, to impose the following fines to the Members of the Board of Directors of the public company Golden Sun Leisure (CY) Ltd (the ‘company’), Mr. Lefteris Solomou, Iason Yiasoumi, Antonis Apostolou and Digenis Solomou:
1. Mr. Lefteris Solomou, administrative fine C£25.000,
2. Mr. Iason Yiasoumi, administrative fine C£25.000,
3. Mr. Antonis Apostolou, administrative fine C£25.000,
4. Mr. Digenis Solomou, administrative fine C£25.000,
after it has come to the attention of the Commission that the company has not disclosed its financial difficulties and liquidation problems which its group of companies was facing lately.
The Commission imposed the above administrative fines to the Members of the Board of Directors of Golden Sun Leisure (CY) Ltd because they failed to take the necessary steps to inform the shareholders and/or the investors, in general, for the above mentioned problems.
To impose the fines, the Commission has taken into consideration the seriousness of the violation since the accurate information of the investors is of primary importance for the orderly functioning of the stock market.
Wednesday 2 February 2005
It may be that the same Mr Antonis Apostolou is now a Director of e-Clear UK PLC? (his name appears on LinkedIn as a director of e-clear, but no history on this site of any past links with Golden Sun Leisure).
According to the Companies House website e-clear UK Plc accounts are indeed overdue (due 28.09.09).
PriceWaterhouseCooper have links with e-clear and Golden Sun Leisure (as was).
and finally a quote from e-Clear:
“It goes without saying that our whole business is dependent on ensuring we provide a service that is totally reliable and responsive to customer demands. Any difficulty or delay in processing a customer payment would reflect very badly on our Clients, as well as E-Clear, and could be very damaging to their business, potentially resulting in significant financial losses.” (my emphasis)
You said it.
KR
FOK
About E-Clear (UK) PLC
E-Clear (UK) PLC is a leading provider of payment acquiring and processing services for large blue-chip companies worldwide. Founded in 2002, E-Clear's Head Office is located in Mayfair, London. The company handles the capture, authorisation and settlement of all major international credit and debit card payments on the Internet, by Telephone, Facsimile, E-mail, and at the Point-of-Sale, helping high-transaction volume merchants improve their turnover by reducing their risk and payment costs. (my emphasis)
They failed miserably in the case of FlyGlobeSpan it seems?!E-Clear (UK) PLC is a leading provider of payment acquiring and processing services for large blue-chip companies worldwide. Founded in 2002, E-Clear's Head Office is located in Mayfair, London. The company handles the capture, authorisation and settlement of all major international credit and debit card payments on the Internet, by Telephone, Facsimile, E-mail, and at the Point-of-Sale, helping high-transaction volume merchants improve their turnover by reducing their risk and payment costs. (my emphasis)
also from the Cyprus Securities and Exchange Commission:
ANNOUNCEMENT
Cyprus Securities and Exchange Commission (the ‘Commission’) announces that on the Commission’s Board meeting on January 17 2005, has been decided, among other issues, to impose the following fines to the Members of the Board of Directors of the public company Golden Sun Leisure (CY) Ltd (the ‘company’), Mr. Lefteris Solomou, Iason Yiasoumi, Antonis Apostolou and Digenis Solomou:
1. Mr. Lefteris Solomou, administrative fine C£25.000,
2. Mr. Iason Yiasoumi, administrative fine C£25.000,
3. Mr. Antonis Apostolou, administrative fine C£25.000,
4. Mr. Digenis Solomou, administrative fine C£25.000,
after it has come to the attention of the Commission that the company has not disclosed its financial difficulties and liquidation problems which its group of companies was facing lately.
The Commission imposed the above administrative fines to the Members of the Board of Directors of Golden Sun Leisure (CY) Ltd because they failed to take the necessary steps to inform the shareholders and/or the investors, in general, for the above mentioned problems.
To impose the fines, the Commission has taken into consideration the seriousness of the violation since the accurate information of the investors is of primary importance for the orderly functioning of the stock market.
Wednesday 2 February 2005
It may be that the same Mr Antonis Apostolou is now a Director of e-Clear UK PLC? (his name appears on LinkedIn as a director of e-clear, but no history on this site of any past links with Golden Sun Leisure).
According to the Companies House website e-clear UK Plc accounts are indeed overdue (due 28.09.09).
PriceWaterhouseCooper have links with e-clear and Golden Sun Leisure (as was).
and finally a quote from e-Clear:
“It goes without saying that our whole business is dependent on ensuring we provide a service that is totally reliable and responsive to customer demands. Any difficulty or delay in processing a customer payment would reflect very badly on our Clients, as well as E-Clear, and could be very damaging to their business, potentially resulting in significant financial losses.” (my emphasis)
You said it.
KR
FOK
Join Date: Jul 2006
Location: Back in the USSR
Posts: 123
Likes: 0
Received 0 Likes
on
0 Posts
Flew on the MOD Asi-Mpa airbridge recently. The 'service' from the cabin crew was the absolute worst I have experienced in 20 years. Everything was too much trouble and the attitude from those in my area of the aircraft truly stank. Perhaps they had wind of this happening which goes someway towards explaining their actions, if not excusing it.
Sad state of affairs, especially so close to xmas. Wonder if those BA employees about to strike are getting jittery, although most BA crew in my personal experience have skin thicker than rhino hide so probably not!
I am not anti-cabin crew by the way, maybe it was just an off day (both North and South) on Globespan's part...
Sad state of affairs, especially so close to xmas. Wonder if those BA employees about to strike are getting jittery, although most BA crew in my personal experience have skin thicker than rhino hide so probably not!
I am not anti-cabin crew by the way, maybe it was just an off day (both North and South) on Globespan's part...
Join Date: Dec 2009
Location: Tehran
Age: 67
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
These flights are carried out by airlines other than Globespan, namely Air Italy as mentioned above and i believe Air Slovakia.
Great isn't it. Maybe The MOD should have given more work to 'their own' and who knows what might have been.
Great isn't it. Maybe The MOD should have given more work to 'their own' and who knows what might have been.
Join Date: Jan 2008
Location: In a control room with no radar...
Posts: 179
Likes: 0
Received 0 Likes
on
0 Posts
Why on earth would someone sign up on here pretending to be Mahmoud Ahmadinejad?
(yes I did copy & paste your username as I cannot spell it off-by-heart 
)
(yes I did copy & paste your username as I cannot spell it off-by-heart )
Join Date: Feb 2001
Location: In transit
Age: 70
Posts: 3,052
Likes: 0
Received 0 Likes
on
0 Posts
Holidays cancelled as travel firm Allbury collapses
Allbury's collapse follows the demise of the Globespan airline
Thousands of overseas holidays have been cancelled after the collapse of a UK travel firm.
Allbury Travel Group, based in Hertfordshire - operating under the brands Libra Holidays, Argo Holidays and JetLife - has ceased trading.
Globespan link
The CAA is making arrangements to ensure customers on Allbury Travel Group holidays remain in their holiday accommodation and fly home as planned.
................
On Wednesday another travel company and airline, Globespan and its flyGlobespan subsidiary, went into administration with 4,500 people stranded overseas and 550 workers made redundant so far.
The administrator of that Edinburgh-based company is querying why around £30m was held back from Globespan by E-Clear, the company that handles its credit card transactions.
E-Clear also handled credit card transactions for the Allbury Travel Group.
Allbury's collapse follows the demise of the Globespan airline
Thousands of overseas holidays have been cancelled after the collapse of a UK travel firm.
Allbury Travel Group, based in Hertfordshire - operating under the brands Libra Holidays, Argo Holidays and JetLife - has ceased trading.
Globespan link
The CAA is making arrangements to ensure customers on Allbury Travel Group holidays remain in their holiday accommodation and fly home as planned.
................
On Wednesday another travel company and airline, Globespan and its flyGlobespan subsidiary, went into administration with 4,500 people stranded overseas and 550 workers made redundant so far.
The administrator of that Edinburgh-based company is querying why around £30m was held back from Globespan by E-Clear, the company that handles its credit card transactions.
E-Clear also handled credit card transactions for the Allbury Travel Group.
Join Date: Jul 2000
Location: Up North
Posts: 225
Likes: 0
Received 0 Likes
on
0 Posts
capetonian
E-Clear also handled credit card transactions for the Allbury Travel Group
Tour operator Allbury Travel Group went into administration yesterday. Allbury just happens to be owned by British Virgin Islands-based Allbury Ltd, controlled by one Elias Elia.
Rgds
The Moss
Join Date: Jul 2008
Location: 3433N 06912E
Posts: 389
Likes: 0
Received 0 Likes
on
0 Posts
Tour operator Allbury Travel Group went into administration yesterday. Allbury just happens to be owned by British Virgin Islands-based Allbury Ltd, controlled by one Elias Elia.
From companies house as of post time and date:
Name & Registered Office:
ALLBURY TRAVEL GROUP LIMITED
CASTLE HOUSE
21 STATION ROAD
NEW BARNET
HERTFORDSHIRE
EN5 1PA
Company No. 01073441
Status: Active
Date of Incorporation: 25/09/1972
Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
6330 - Travel agencies etc; tourist
Accounting Reference Date: 31/10
Last Accounts Made Up To: 31/10/2008 (GROUP)
Next Accounts Due: 31/07/2010
Last Return Made Up To: 14/05/2009
Next Return Due: 11/06/2010
Last Members List: 14/05/2009
Previous Names: Date of change Previous Name 26/02/1986 LIBRA TRAVEL HOLDINGS LIMITED 14/04/2008 LIBRA HOLIDAYS LIMITED
CASTLE HOUSE
21 STATION ROAD
NEW BARNET
HERTFORDSHIRE
EN5 1PA
Company No. 01073441
Status: Active
Date of Incorporation: 25/09/1972
Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
6330 - Travel agencies etc; tourist
Accounting Reference Date: 31/10
Last Accounts Made Up To: 31/10/2008 (GROUP)
Next Accounts Due: 31/07/2010
Last Return Made Up To: 14/05/2009
Next Return Due: 11/06/2010
Last Members List: 14/05/2009
Previous Names: Date of change Previous Name 26/02/1986 LIBRA TRAVEL HOLDINGS LIMITED 14/04/2008 LIBRA HOLIDAYS LIMITED