This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/scotland/edinburgh_and_east/8417183.stm
The article has changed 13 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Major holiday airline goes bust | |
| (20 minutes later) | |
| Scotland's biggest airline, Edinburgh-based Flyglobespan, has been placed in administration. | Scotland's biggest airline, Edinburgh-based Flyglobespan, has been placed in administration. |
| Last year the airline, which employs 600 staff, carried more than 1.5m passengers and operated 12,000 flights. | Last year the airline, which employs 600 staff, carried more than 1.5m passengers and operated 12,000 flights. |
| A statement is expected soon from PricewaterhouseCoopers, (PWC) which has been appointed as administrator. | A statement is expected soon from PricewaterhouseCoopers, (PWC) which has been appointed as administrator. |
| The move followed attempts to conclude a financing deal for the airline with Jersey-based Halcyon Investments which broke down today. | The move followed attempts to conclude a financing deal for the airline with Jersey-based Halcyon Investments which broke down today. |
| Many of those flying with the airline booked online or direct with the company and not through a registered travel agent, leaving them potentially out-of-pocket. | Many of those flying with the airline booked online or direct with the company and not through a registered travel agent, leaving them potentially out-of-pocket. |
| Flights booked this way will not be reimbursed, though those who booked with a credit card or had arranged their own insurance may be covered. | |
| Package holiday bookings however, will normally be covered by ABTA. | |
| Operating profit | Operating profit |
| On the Flyglobespan website its Christmas and New Year schedule shows flights to Tenerife and many other winter holiday destinations from Edinburgh, Glasgow and Aberdeen. | On the Flyglobespan website its Christmas and New Year schedule shows flights to Tenerife and many other winter holiday destinations from Edinburgh, Glasgow and Aberdeen. |
| Ryanair has said it will launch a Flyglobespan "rescue fare" to and from Edinburgh and Prestwick airports for any passengers affected. | Ryanair has said it will launch a Flyglobespan "rescue fare" to and from Edinburgh and Prestwick airports for any passengers affected. |
| The Ryanair offer applies to flights into and out of Prestwick to Alicante, Faro, Gran Canaria, Lanzarote, Malaga, Palma and Tenerife, and into and out of Edinburgh to Alicante, Gran Canaria, Lanzarote, Malaga and Tenerife. | The Ryanair offer applies to flights into and out of Prestwick to Alicante, Faro, Gran Canaria, Lanzarote, Malaga, Palma and Tenerife, and into and out of Edinburgh to Alicante, Gran Canaria, Lanzarote, Malaga and Tenerife. |
| Earlier this year, Flyglobespan announced it had made an operating profit of £1.2m following a loss of £19m the previous year. | Earlier this year, Flyglobespan announced it had made an operating profit of £1.2m following a loss of £19m the previous year. |
| Set up in 2002, the company operates from five UK airports, including Prestwick, Edinburgh and Aberdeen. | Set up in 2002, the company operates from five UK airports, including Prestwick, Edinburgh and Aberdeen. |
| Earlier this year, it pulled its services out of the Durham Tees Valley airport, blaming the worsening economic climate. | Earlier this year, it pulled its services out of the Durham Tees Valley airport, blaming the worsening economic climate. |
| Are you scheduled to fly with Flyglobespan? Do you work for them? Send us your comments using the form below. | Are you scheduled to fly with Flyglobespan? Do you work for them? Send us your comments using the form below. |
| A selection of your comments may be published, displaying your name and location unless you state otherwise in the box below. | A selection of your comments may be published, displaying your name and location unless you state otherwise in the box below. |
| The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide. Terms & Conditions | The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide. Terms & Conditions |