Flyglobespan into administration
Join Date: Jun 2000
Location: UK
Posts: 15
Likes: 0
Received 0 Likes
on
0 Posts
To Little Blue
Sorry to hear you got caught up in this one Little Blue.
Wish you good luck and all the best for the future.
Wish you good luck and all the best for the future.
Last edited by Boethius; 18th Dec 2009 at 12:32. Reason: No Title
Join Date: Dec 2009
Location: Riga
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
Hope to help in these down times. But Smartlynx airline will need 3 B767 Line trainers soon.
Contact [email protected]
Good luck guys
Contact [email protected]
Good luck guys
Join Date: Nov 2007
Location: uk
Posts: 435
Likes: 0
Received 0 Likes
on
0 Posts
Do we know where the 
TD has went to then????
Its not entirely his fault but there are some shocking ways he treated his staff blaming them for many faults but theres nobody to blame this time.
I would have had alot more respect for the man if he had the balls to turn up yesterday and face his staff and the demise of his company and to have spoke to them personally, Rick Green on the other hand was all appologies and seemed pretty upset by what had happened which he gains small respect for.
TD has went to then????Its not entirely his fault but there are some shocking ways he treated his staff blaming them for many faults but theres nobody to blame this time.
I would have had alot more respect for the man if he had the balls to turn up yesterday and face his staff and the demise of his company and to have spoke to them personally, Rick Green on the other hand was all appologies and seemed pretty upset by what had happened which he gains small respect for.
Resident insomniac
Join Date: Aug 2005
Location: N54 58 34 W02 01 21
Age: 79
Posts: 1,873
Likes: 0
Received 1 Like
on
1 Post
Join Date: Mar 2001
Location: God's Country - Scotland
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
I sincerely hope that TD + twisted sister are prevented by the "men from the ministry" of continuing or starting up any other travel business or airline.
It's shameful how the upper floors didn't listen to poeple who had years of experience and knowledge but were not allowed to have their opinions considered.
Best of luck to all of the flying and operational staff.
Keep the faith
It's shameful how the upper floors didn't listen to poeple who had years of experience and knowledge but were not allowed to have their opinions considered.
Best of luck to all of the flying and operational staff.
Keep the faith
Join Date: Jan 2000
Location: UK
Posts: 37
Likes: 0
Received 0 Likes
on
0 Posts
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. 
Join Date: Apr 2008
Location: paisley
Age: 54
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
got the mortgage and car loan on holiday for a month, if i'm still up the creek next month, any chance of putting me the wife and kids up for a few nights, it would be much appreciated mr D.
yours sincerely
yours sincerely
Join Date: Dec 2009
Location: worldwide
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
E-Clear?I do not think so
This e-mail was sent to all a year ago before MoD ACMI started.No Comment.Where is the money and the properties Mr Chairman?A new boat for a great Barbados retirement? 
29th September 2008
Dear all
Below is a a copy of a letter which Tom sent to editors of the leading daily newspapers and also key multiple travel agent account holders on the 29th September. Please read the letter, it sends a very strong message to both the press and travel agents and assists us, the workforce to remain strong in this rumour ridden climate. regards
Karan
K. B.
Deputy Managing Director
Dear XXXXXXX
Having spoken with you in the past on airline matters, I feel it is only appropriate that I write this letter to you to explain the Globespan Group`s current position and outlook in what is a difficult time for the airline sector.
I am delighted to say that, despite some negative comments and innuendo in a weekend media story, the company and the airline are extremely well positioned to see through the well documented problems facing the industry at present.
Without delving into the specific reasons why there have been so many high-profile airline casualties of late, the common denominator seems to be one of debt and the manner in which that was dealt with – a problem further exacerbated in XL’s case as they had a huge MBO loan to service.
Flyglobespan has no such problems. We have no debt and in addition have substantial cash assets, built up over 30 years over successful trading as the Globespan Group.
We have significant property assets in the UK, France and Spain – and, most importantly, have a strong and powerful business model.
We have just enjoyed our best-ever summer with record load factors in the budget airline sector and a considerable increase in yield from last year.
As we enter the traditionally more difficult winter months for the travel industry, we have leased a number of our planes to other carriers in a multi-million pound exercise that will maximise our assets over the coming months.
This week another of our aircraft starts a leasing agreement with the Ministry of Defence flying regularly from Brize Norton to the Falklands.
These various leases add-up to multi-million revenue earners for the airline at a time when the industry generally incurs loses
As we look ahead to next year, our advanced sales are ahead of plan and we have already announced an expansion to our Aberdeen services as well as new routes from both Glasgow and Edinburgh.
I am not denying it has been a difficult time for the airline industry. The soaring price of airline fuel has led to some rapid re-evaluation of business plans but, despite these difficulties and a general economic slowdown, we have performed well and put last year’s problems firmly behind us.
But as we look to build on our summer successes, it would be wrong to ignore the public’s unease over the airline industry. That has been heightened by the negative rumours involving not just this airline but others.
I don`t know who is trying to de-stabilise us by putting out these rumours - but they are wasting their time. Our customers, thankfully, are ignoring them as our planes are full and our advance bookings are very healthy. After last year`s difficulties we will be back in profit this year - and very well positioned for the future.
I feel it is time to put a stop to this whispering campaign of negativity. Hence this personal letter to you which, I hope explains flyglobespan’s current position.
I hope too, that it reassures you that the airline about which you have written so positively in the past will continue to champion the cause of Scotland’s holidaymakers for many years to come.
Kind Regards
Tom Dalrymple
Chairman
Globespan Group Ltd
29th September 2008
Dear all
Below is a a copy of a letter which Tom sent to editors of the leading daily newspapers and also key multiple travel agent account holders on the 29th September. Please read the letter, it sends a very strong message to both the press and travel agents and assists us, the workforce to remain strong in this rumour ridden climate. regards
Karan
K. B.
Deputy Managing Director
Dear XXXXXXX
Having spoken with you in the past on airline matters, I feel it is only appropriate that I write this letter to you to explain the Globespan Group`s current position and outlook in what is a difficult time for the airline sector.
I am delighted to say that, despite some negative comments and innuendo in a weekend media story, the company and the airline are extremely well positioned to see through the well documented problems facing the industry at present.
Without delving into the specific reasons why there have been so many high-profile airline casualties of late, the common denominator seems to be one of debt and the manner in which that was dealt with – a problem further exacerbated in XL’s case as they had a huge MBO loan to service.
Flyglobespan has no such problems. We have no debt and in addition have substantial cash assets, built up over 30 years over successful trading as the Globespan Group.
We have significant property assets in the UK, France and Spain – and, most importantly, have a strong and powerful business model.
We have just enjoyed our best-ever summer with record load factors in the budget airline sector and a considerable increase in yield from last year.
As we enter the traditionally more difficult winter months for the travel industry, we have leased a number of our planes to other carriers in a multi-million pound exercise that will maximise our assets over the coming months.
This week another of our aircraft starts a leasing agreement with the Ministry of Defence flying regularly from Brize Norton to the Falklands.
These various leases add-up to multi-million revenue earners for the airline at a time when the industry generally incurs loses
As we look ahead to next year, our advanced sales are ahead of plan and we have already announced an expansion to our Aberdeen services as well as new routes from both Glasgow and Edinburgh.
I am not denying it has been a difficult time for the airline industry. The soaring price of airline fuel has led to some rapid re-evaluation of business plans but, despite these difficulties and a general economic slowdown, we have performed well and put last year’s problems firmly behind us.
But as we look to build on our summer successes, it would be wrong to ignore the public’s unease over the airline industry. That has been heightened by the negative rumours involving not just this airline but others.
I don`t know who is trying to de-stabilise us by putting out these rumours - but they are wasting their time. Our customers, thankfully, are ignoring them as our planes are full and our advance bookings are very healthy. After last year`s difficulties we will be back in profit this year - and very well positioned for the future.
I feel it is time to put a stop to this whispering campaign of negativity. Hence this personal letter to you which, I hope explains flyglobespan’s current position.
I hope too, that it reassures you that the airline about which you have written so positively in the past will continue to champion the cause of Scotland’s holidaymakers for many years to come.
Kind Regards
Tom Dalrymple
Chairman
Globespan Group Ltd
Pilot of the Airwaves
Join Date: Jan 2004
Location: Close to the Med
Age: 74
Posts: 812
Likes: 0
Received 0 Likes
on
0 Posts
The FSA, as a matter of urgency, should get into E clear and start investigating their trading practices and compliance with regulations, then take appropriate action if it is found necessary.
E clear, if they have nothing to hide, should welcome such an investigation from their regulatory body.
E clear, if they have nothing to hide, should welcome such an investigation from their regulatory body.
Join Date: Jan 2002
Location: Wherever my current employers wish to send me !!
Posts: 718
Likes: 0
Received 0 Likes
on
0 Posts
I think we can all see that e-clear have blood on their hands.
How many more companies/lives ruined do we have to see as a result of their 'practices'?
Company law/criminal law..whatever it is that needs to be done, they need to be stopped and made to pay.
How many more companies/lives ruined do we have to see as a result of their 'practices'?
Company law/criminal law..whatever it is that needs to be done, they need to be stopped and made to pay.