Flyglobespan into administration
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From the Scotsman
On 29 September, a CAA risk analyst, Paul Wilson, told Globespan: "In the light of the current and forecast liquidity, the CAA is of the opinion that Globespan is unable to meet its obligations under the relevant legislation unless there is a significant investment in the near future.
"To date we have refrained from taking regulatory action as we have taken comfort that the company is actively engaged in procuring an investment with the aim of securing the company's long-term future. However, in order to continue this stance the CAA needs evidence from the investor that the fundraising process will be completed with a short timeframe."
"To date we have refrained from taking regulatory action as we have taken comfort that the company is actively engaged in procuring an investment with the aim of securing the company's long-term future. However, in order to continue this stance the CAA needs evidence from the investor that the fundraising process will be completed with a short timeframe."
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GMSJF 737 based at EDI has been flown EDI to Belgrade 04 january
GSEFC 737 in Southend has been flown to Belgrade 04 January
GDLCH/ GSAAW 737 flown from GLA to Belgrade 04 January
GSPNA 767 flown from Shannon to Belgrade 04 January
Still waiting to find other information about other aircraft movements.
I see that they had 2 787's on order which are obviously not going to be fulfilled.I wonder who will get/ have been given their production slots as they were one of the first to order
GSEFC 737 in Southend has been flown to Belgrade 04 January
GDLCH/ GSAAW 737 flown from GLA to Belgrade 04 January
GSPNA 767 flown from Shannon to Belgrade 04 January
Still waiting to find other information about other aircraft movements.
I see that they had 2 787's on order which are obviously not going to be fulfilled.I wonder who will get/ have been given their production slots as they were one of the first to order
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Nice to see a UK operator is in the running to carry out the Falklands Airbridge if this is to be believed 
Air Tahiti confirms MOD contract for Falklands’ airbridge — MercoPress
Can't be that busy in their area if they have so many planes available.
Air Tahiti confirms MOD contract for Falklands’ airbridge — MercoPress
Can't be that busy in their area if they have so many planes available.
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Air Tahiti
Not what I expected to see at 4.15 on a January's evening whilst travelling from Coventry to BHX on the train!
Not that it could be identified as Air Tahiti in the darkening skies but yes
an Air Tahiti A343 diverting to BHX from Brize Norton inbound from Ascension.
I suppose the MOD had to act quickly and certainly made it quite a day
at BHX with Mexicana and others.
Pete
Not that it could be identified as Air Tahiti in the darkening skies but yes
an Air Tahiti A343 diverting to BHX from Brize Norton inbound from Ascension.
I suppose the MOD had to act quickly and certainly made it quite a day
at BHX with Mexicana and others.
Pete
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EX ALBA
I would like to personally thank K.M. for everything he has done to help myself and all the ex staff of Alba at Glasgow and Edinburgh from day one especially when T.D. muscled in 
, I know the work you done to protected your workforce. Today is a very sad day when the powers that be make discisions out with our control but that is their loss. I know you are better than them and will return better and stronger. Always remember the dish that is best served cold!!!! I will be watching out for you ALBA LOYAL 
, I know the work you done to protected your workforce. Today is a very sad day when the powers that be make discisions out with our control but that is their loss. I know you are better than them and will return better and stronger. Always remember the dish that is best served cold!!!! I will be watching out for you ALBA LOYAL
Call the Cops !
Todays TTG
TTG understands that police have been in contact with sources close to the investigation into the collapse of Globespan.
There is no suggestion of a formal police investigation but officers are understood to have approached at least two people close to the situation.
It comes as Globespan administrators took legal action against Globespan’s credit card payment processing firm E-Clear, which could force the company into administration within weeks.
PricewaterhouseCoopers filed a winding-up petition this week as a means of forcing E-Clear to disclose if it has £35 million of customer payments that the administrators believe it was withholding from Globespan when the airline went bust before Christmas.
PwC has said it believes the £35 million, understood to include about £20 million from customers who had already flown, is “excessive”.
It asked E-Clear to place the £35 million into a joint account before Christmas but the money was not transferred, which led to attacks on the company by Scottish politicians angry at the loss of jobs through the failure of Globespan.
E-Clear chief executive Elias Elia this week hit back at claims that his company’s withholding of the funds was behind the collapse of Globespan.
He said the money held was from customers who were entitled to refunds if they were not satisfied with the service provided by Globespan, for example if flights were not taken because the airline went bust.
Elia said Flyglobespan wanted the money in advance, which would have left his firm exposed if there were claims from credit card holders.
E-Clear also issued a statement saying it was committed to cooperating with the administrators.
The company is also facing a claim for millions of euros from Slovak authorities winding up SkyEurope, which collapsed last August.
A third claim for about £300,000 has also reportedly been made by Canadian travel group Go Travel Direct for overdue payments.
E-Clear was contacted for a comment by TTG on Wednesday, but did not respond.
There is no suggestion of a formal police investigation but officers are understood to have approached at least two people close to the situation.
It comes as Globespan administrators took legal action against Globespan’s credit card payment processing firm E-Clear, which could force the company into administration within weeks.
PricewaterhouseCoopers filed a winding-up petition this week as a means of forcing E-Clear to disclose if it has £35 million of customer payments that the administrators believe it was withholding from Globespan when the airline went bust before Christmas.
PwC has said it believes the £35 million, understood to include about £20 million from customers who had already flown, is “excessive”.
It asked E-Clear to place the £35 million into a joint account before Christmas but the money was not transferred, which led to attacks on the company by Scottish politicians angry at the loss of jobs through the failure of Globespan.
E-Clear chief executive Elias Elia this week hit back at claims that his company’s withholding of the funds was behind the collapse of Globespan.
He said the money held was from customers who were entitled to refunds if they were not satisfied with the service provided by Globespan, for example if flights were not taken because the airline went bust.
Elia said Flyglobespan wanted the money in advance, which would have left his firm exposed if there were claims from credit card holders.
E-Clear also issued a statement saying it was committed to cooperating with the administrators.
The company is also facing a claim for millions of euros from Slovak authorities winding up SkyEurope, which collapsed last August.
A third claim for about £300,000 has also reportedly been made by Canadian travel group Go Travel Direct for overdue payments.
E-Clear was contacted for a comment by TTG on Wednesday, but did not respond.
Join Date: Jun 2006
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Smells Like ????
Anyone know if Paddy Power are taking bets on a certain cc processing company being wound-up and individuals legging it to Cyprus with the spoils.
Its high-time our p£ss weak legal system got to grips with these modern-day highwaymen.
P.S Whats the weather like, El Grifo ?
Am over in ACE in 8 weeks
Its high-time our p£ss weak legal system got to grips with these modern-day highwaymen.
P.S Whats the weather like, El Grifo ?
Am over in ACE in 8 weeks
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In the interests of keeping an eye on the ball, some of the detail here (if true) is interesting...
BBC - Douglas Fraser's Ledger: Globespan questions spread their wings
BBC - Douglas Fraser's Ledger: Globespan questions spread their wings
This is good news for a change.
HARDSHIP FUND RAISES £10,000
An impressive £10,000 was donated over the holiday season to the Hardship fund set up for those BALPA members who lost their jobs without compensation when Globespan collapsed.
A very big thank you to everyone who donated. This money will be sent out in the next few days and we are sure will be much appreciated.
An impressive £10,000 was donated over the holiday season to the Hardship fund set up for those BALPA members who lost their jobs without compensation when Globespan collapsed.
A very big thank you to everyone who donated. This money will be sent out in the next few days and we are sure will be much appreciated.
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SFO & E-Clear
Serious Fraud Office looks at E-Clear
Make your own minds up as to what you think, but I say there is no smoke without fire.
Make your own minds up as to what you think, but I say there is no smoke without fire.
