Flyglobespan into administration
Join Date: Jan 1999
Location: north of barlu
Posts: 6,207
Likes: 0
Received 0 Likes
on
0 Posts
AI101
Ryanair may or may not be the white knight that you see them as but one part of your post was totaly mis-informed.
When XL went under XL Germany had a full flying program as did XL France, and shortly after XL Germany had a big tech issue with one of the B738's.
In short both the German & French XL sub parts did not have the capacity to help out as you put it..................how do I know?...........I lost my job at XL UK while being attached to XL Germany.
When XL went under XL Germany had a full flying program as did XL France, and shortly after XL Germany had a big tech issue with one of the B738's.
In short both the German & French XL sub parts did not have the capacity to help out as you put it..................how do I know?...........I lost my job at XL UK while being attached to XL Germany.
Join Date: May 2004
Location: Balmullo,Scotland
Posts: 932
Likes: 0
Received 0 Likes
on
0 Posts
DIABOLUS, you are indeed correct in your information regarding the cougar AOC and FGS and as far as I am aware the remnants of CL left the company winter of 2007 initials being KN I was actualy there when him and TD had a rather large "bust up" you know the type I mean, stick your job etc. I cannot say I particulary liked KN but to be fair he stuck it to TD (who he refered to in the B/Room as No.1
) that day after that TD remployed one of aviations most loathed men DHugs. i suppose the writting was on the wall then, anyway I had a good time there and sorry for the staff but again I repeat not for TD,RG(fall guy)KB(who's the Daddy?) DSar. or the papermill man BCa.
) that day after that TD remployed one of aviations most loathed men DHugs. i suppose the writting was on the wall then, anyway I had a good time there and sorry for the staff but again I repeat not for TD,RG(fall guy)KB(who's the Daddy?) DSar. or the papermill man BCa.
Join Date: Jul 2002
Location: UK
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
easyJet rescue package for Globespan passengers
Following the announcement that Globespan has suspended its operations, easyJet, the largest UK airline, will offer those passengers stranded a special rescue fee of £60 (including taxes) to return home on the routes where our flights overlap with those of Globespan. These are:
Faro to Glasgow
Malaga to Glasgow
Alicante to Glasgow
Faro to Edinburgh
Malaga to Edinburgh
Alicante to Edinburgh
Geneva to Edinburgh
easyJet has made this offer available to any Globespan passengers due return home on these routes during the fourteen days (offer available until 23:59 - 30th December).
To claim the exclusive £60 rescue package, passengers should call easyJet customer services on one of the numbers listed below.
Passengers must provide the agent with their Globespan booking reference number and present their Globespan booking confirmation at check-in as further proof of booking.
From UK: 0871 244 2366
From Spain: 807 0700 70
From Switzerland: 0900 000 258
If you are calling from a country not listed above, you can call us on +44 871 244 2366.
-ENDS-
Notes to Editors: Offer includes all taxes and charges.
For further information contact Andrew McConnell in the easyJet Press Office on 01582 52 52 52 or email: [email protected]
Following the announcement that Globespan has suspended its operations, easyJet, the largest UK airline, will offer those passengers stranded a special rescue fee of £60 (including taxes) to return home on the routes where our flights overlap with those of Globespan. These are:
Faro to Glasgow
Malaga to Glasgow
Alicante to Glasgow
Faro to Edinburgh
Malaga to Edinburgh
Alicante to Edinburgh
Geneva to Edinburgh
easyJet has made this offer available to any Globespan passengers due return home on these routes during the fourteen days (offer available until 23:59 - 30th December).
To claim the exclusive £60 rescue package, passengers should call easyJet customer services on one of the numbers listed below.
Passengers must provide the agent with their Globespan booking reference number and present their Globespan booking confirmation at check-in as further proof of booking.
From UK: 0871 244 2366
From Spain: 807 0700 70
From Switzerland: 0900 000 258
If you are calling from a country not listed above, you can call us on +44 871 244 2366.
-ENDS-
Notes to Editors: Offer includes all taxes and charges.
For further information contact Andrew McConnell in the easyJet Press Office on 01582 52 52 52 or email: [email protected]
Join Date: Dec 2005
Location: hong kong
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
globespan nisedive
Sorry to hear the firm is on the slab guys, a bad time for all. The handful of crew who recently didn't have their contracts renewed must be counting mixed blessings but ultimately, even the pundits had GS on the cards as the next post XL failure. Irrespective of Mr Niceguys' comment on management, this was a text book, mismanaged airline from the start. The debacle over lost ETOPS, poor comms with crews, false promises and MOD contracts all bake an inedible cake. If it wasn't for the resolve of crew, some of whom placed their heads on the block, just to keep the firm flying, the outfit would have gone belly up in 2007. As always, its the coal face that gets shafted and undoubtedly, Mr D will pad his nest to fight another day. Best of luck guys (n gals).
Join Date: May 2004
Location: Balmullo,Scotland
Posts: 932
Likes: 0
Received 0 Likes
on
0 Posts
Spinn, sorry I don't know, after his sacking/resignation he appeared a few times at EDI airport to meet with Mkee. as far as I was aware he just went home and drove his Aston.
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
License to Fly
I doubt it, its more about the ability of the CEO to competently run a business.
I wonder if this is the start of the Governments new ADP tax hike's kicking in to the airline industry ...
Join Date: Oct 2009
Location: Quahog
Posts: 151
Likes: 0
Received 0 Likes
on
0 Posts
Niceguy very much on the nail up there. Everyone thinks they can manage better than their managers, few actually make the grade, and those who do quickly realise it's not the cushy number the safety trained waiters think.
A fact of business that many would do well to remember:
Good luck to all finding new employment, but I wouldn't count on getting more than a handful of change out of the airline.
A fact of business that many would do well to remember:
- Sales are vanity
- Profit is sanity
- Cash is reality
Good luck to all finding new employment, but I wouldn't count on getting more than a handful of change out of the airline.
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
matkat
Without KN, there would have not been an airline called flyglobespan. I know all about Cougar and the issues that surround that etc. But, imho KN is a far more astute businessman, although not necessarily a likeable person. (personally, I enjoyed my games of mental jujitsu with him). So, TD with no experience whatsoever in running an airline, decides he can do it alone.
Without KN, there would have not been an airline called flyglobespan. I know all about Cougar and the issues that surround that etc. But, imho KN is a far more astute businessman, although not necessarily a likeable person. (personally, I enjoyed my games of mental jujitsu with him). So, TD with no experience whatsoever in running an airline, decides he can do it alone.
Join Date: Apr 2009
Location: Edinburgh
Posts: 82
Likes: 0
Received 0 Likes
on
0 Posts
E-Clear has a lot to answer for
Globespan grounded - but why?
Douglas Fraser | 22:39 UK time, Wednesday, 16 December 2009
So what did for Scotland's biggest airline? A reckless build-up of debt? Its cost structure too high? Prices being driven down by competitors?
None of these. Yes, it had a rough ride a couple of years back, making a big loss because it had some of its routes wrong.
But it seems it did well to turn that position around, even if it left it with a bruised balance sheet.
Those looking at the business, who ought to know, say it was sound. Debt is under control. Its orders for two of Boeing's new Dreamliners were sensible expansion more than over-ambitious pipedream.
Instead, it was liquidity that did for Globespan - or to be precise, the cash that ought to flow from the company that carries out its credit card transactions with passengers.
This is a business that gets a lot of its payments up front, but these payments weren't making their way into the Globespan coffers. Quite a lot of that money seems to have been withheld by a company called E-Clear, which specialises in credit card transactions for the low cost airline business.
Bosses at Globespan have been in talks over recent weeks with Halcyon Investments, based in Jersey, as a potential investor to keep it going.
And there is at least one report suggesting Halcyon is very closely involved with E-Clear, and its chief executive Elias Elia. The transaction company hasn't returned calls about that this week.
The statements issued by Globespan's chief executive, Tom Dalrymple - carefully cleared with Halcyon and its lawyers - followed weekend reports of a deadline for a funding deal, and the possibility of collapse.
Mr Dalrymple said the funding package was intended to expand the company, when there wasn't much doubt that the only reason it needed an injection of capital was for survival.
The focus of attention now turns to tens of thousands who are out of pocket, with thousands of family Christmas and New Year plans wrecked, as well as holiday plans stretching into next year.
Attention also turns to those who withheld the payments Globespan seems to have been due.
Scotland's the worse off for the loss of a well-liked company.
Douglas Fraser | 22:39 UK time, Wednesday, 16 December 2009
So what did for Scotland's biggest airline? A reckless build-up of debt? Its cost structure too high? Prices being driven down by competitors?
None of these. Yes, it had a rough ride a couple of years back, making a big loss because it had some of its routes wrong.
But it seems it did well to turn that position around, even if it left it with a bruised balance sheet.
Those looking at the business, who ought to know, say it was sound. Debt is under control. Its orders for two of Boeing's new Dreamliners were sensible expansion more than over-ambitious pipedream.
Instead, it was liquidity that did for Globespan - or to be precise, the cash that ought to flow from the company that carries out its credit card transactions with passengers.
This is a business that gets a lot of its payments up front, but these payments weren't making their way into the Globespan coffers. Quite a lot of that money seems to have been withheld by a company called E-Clear, which specialises in credit card transactions for the low cost airline business.
Bosses at Globespan have been in talks over recent weeks with Halcyon Investments, based in Jersey, as a potential investor to keep it going.
And there is at least one report suggesting Halcyon is very closely involved with E-Clear, and its chief executive Elias Elia. The transaction company hasn't returned calls about that this week.
The statements issued by Globespan's chief executive, Tom Dalrymple - carefully cleared with Halcyon and its lawyers - followed weekend reports of a deadline for a funding deal, and the possibility of collapse.
Mr Dalrymple said the funding package was intended to expand the company, when there wasn't much doubt that the only reason it needed an injection of capital was for survival.
The focus of attention now turns to tens of thousands who are out of pocket, with thousands of family Christmas and New Year plans wrecked, as well as holiday plans stretching into next year.
Attention also turns to those who withheld the payments Globespan seems to have been due.
Scotland's the worse off for the loss of a well-liked company.
Join Date: Jan 2008
Location: UK
Posts: 1,515
Likes: 0
Received 0 Likes
on
0 Posts
Nice Guy and Dodo 56
It is refreshing to see a couple of eloquent and realistic posts in amongst all the usual polarised opiniation that is so often the case hereabouts.
Your posts won't offer a crumb of comfort to the customers and staff who have been royally shafted by the nature of the Globespan liquidation, but maybe they could provide useful inputs to the mindset of the bunch over at BA who have yet to discover the consequences in the harsh world of commerce of what happens when demands of employees and the reality of the balance sheet head in opposite directions.
It is refreshing to see a couple of eloquent and realistic posts in amongst all the usual polarised opiniation that is so often the case hereabouts.
Your posts won't offer a crumb of comfort to the customers and staff who have been royally shafted by the nature of the Globespan liquidation, but maybe they could provide useful inputs to the mindset of the bunch over at BA who have yet to discover the consequences in the harsh world of commerce of what happens when demands of employees and the reality of the balance sheet head in opposite directions.
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
habs_fan
There is another now defunkt airline chasing E-Clear for about 13 million. It's usual for companies like E-Clear to with-hold a % of funds to cover refunds etc. The contract detail can, and often does get complex. However, if E-Clear is operating in accordance with its contract, then that will logically form part of the business and financial model the airline will work to. It is conceivable that the airline could go to a bank and raise cash based upon the E-Clear holding. It seems to me that the airline was trying to re-negotiate its contract. There are almost certainly regulations that must be complied with, and its possible that what the airline wanted was not possible.
Unless E-Clear is running into problems itself, (there would be other airlines screaming out) then I feel it is a smoke screen. The financial difficulties run deep and long.
There is another now defunkt airline chasing E-Clear for about 13 million. It's usual for companies like E-Clear to with-hold a % of funds to cover refunds etc. The contract detail can, and often does get complex. However, if E-Clear is operating in accordance with its contract, then that will logically form part of the business and financial model the airline will work to. It is conceivable that the airline could go to a bank and raise cash based upon the E-Clear holding. It seems to me that the airline was trying to re-negotiate its contract. There are almost certainly regulations that must be complied with, and its possible that what the airline wanted was not possible.
Unless E-Clear is running into problems itself, (there would be other airlines screaming out) then I feel it is a smoke screen. The financial difficulties run deep and long.
Join Date: Nov 2003
Location: scotland
Posts: 22
Likes: 0
Received 0 Likes
on
0 Posts
Shame GSM
I was there from the start but left over a year ago , its really sad to see some great people losing there job specially this time of the year .It has to be said that we were from the start making good profit from year one but having seen the airline doing well mr TD start putting his nose in . The more he got involve the more the airline got in trouble . I have told him so in person at one of the pilot meeting with the management but he is just an arrogant man . the result is now he has taken his money out more then two years ago by structuring the airline ,I could see it coming but hoped it wont happen . any way it does not change the fact every one worked very hard to keep it going but it came to an end unfortunately .good luck to all the globe span employe ,It was pleasure to fly and work with you .
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
SASKATOON9999
Lots of reasons, spreading risk, managing cash flow, compliance with banking regulations.
Nearly every company that trades on the internet is using some form of clearing service.
Edit.
To explain what I mean, its worth having a look at e-clear web site. At least it gives a bit of an insight as to why these companies exist. All of the UK banks I have dealt with require the use of an approved company like eclear for credit/debit card payments on-line. Here is the link E-Clear
Lots of reasons, spreading risk, managing cash flow, compliance with banking regulations.
Nearly every company that trades on the internet is using some form of clearing service.
Edit.
To explain what I mean, its worth having a look at e-clear web site. At least it gives a bit of an insight as to why these companies exist. All of the UK banks I have dealt with require the use of an approved company like eclear for credit/debit card payments on-line. Here is the link E-Clear
Last edited by spinnaker; 17th Dec 2009 at 09:50.