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-   -   Flyglobespan into administration (https://www.pprune.org/airlines-airports-routes/399168-flyglobespan-into-administration.html)

Little Blue 19th Dec 2009 08:52

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.
:mad::mad:

brakedwell 19th Dec 2009 09:11


I wish them luck....they maybe based in the UK however ownership may well be outside of UK duristiction.
Looks like they may not be fireproof.

http://i24.photobucket.com/albums/c3...19at100657.png

compton3bravo 19th Dec 2009 09:23

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.

El Grifo 19th Dec 2009 09:35

A bit more on E Clear

FlyGlobespan - EClear breaks silence, meeting with administrators | Tnooz

Facelookbovvered 19th Dec 2009 09:49

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:sad:

Hombre 19th Dec 2009 11:46

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.:E

Cluster Bomb 19th Dec 2009 14:10

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?:ouch:

FlyingOfficerKite 19th Dec 2009 14:28

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

Wayitup 19th Dec 2009 15:24

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.

BALLSOUT 19th Dec 2009 15:32

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!

FlyingOfficerKite 19th Dec 2009 15:55

From the e-Clear UK PLC website:

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?!

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

Comp Charlie 19th Dec 2009 16:01

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...

Mahmoud Ahmadinejad 19th Dec 2009 17:19

Don't worry my friend. Soon Astraeus will take over this route using their new 767.

Scott Diamond 19th Dec 2009 17:29

:confused::confused::confused: at the above

AircraftOperations 19th Dec 2009 18:51

Who is operating any MOD flights in the meantime, in place of GSM?

habs_fan 19th Dec 2009 18:53

Air Italy i think are doing the flights

Mahmoud Ahmadinejad 19th Dec 2009 18:57

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.

Scott Diamond 19th Dec 2009 19:19

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 :})

Capetonian 19th Dec 2009 19:28

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.

Ballymoss 19th Dec 2009 20:00

capetonian
 

E-Clear also handled credit card transactions for the Allbury Travel Group
From El Grifos earlier link:


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.
Interesting.......

Rgds
The Moss:ok:


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