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| Version 0 | Version 1 |
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| Meeting for Globespan creditors | Meeting for Globespan creditors |
| (about 3 hours later) | |
| Creditors owed millions of pounds by the collapsed Flyglobespan airline are attending a meeting with administrators in Edinburgh. | |
| Flyglobespan, which was Scotland's largest airline, went bust last year, along with the Globespan travel agency. | Flyglobespan, which was Scotland's largest airline, went bust last year, along with the Globespan travel agency. |
| About 650 people lost their jobs and tens of thousands of customers were left with worthless tickets. | About 650 people lost their jobs and tens of thousands of customers were left with worthless tickets. |
| Administrators PricewaterhouseCoopers are to discuss how to divide the small amount of money likely to be retrieved. | |
| The two hour meeting at the Caledonian Hotel in Edinburgh started at 1030 GMT. | |
| Much of the recovery of assets depends on E-Clear, the company that had been handling Globespan's online transactions, and which had been withholding £34m from the airline. | Much of the recovery of assets depends on E-Clear, the company that had been handling Globespan's online transactions, and which had been withholding £34m from the airline. |
| Administrators for E-Clear are still trying to find a total of nearly £100m left owing when it was also forced out of business. | Administrators for E-Clear are still trying to find a total of nearly £100m left owing when it was also forced out of business. |
| Flyglobespan, which had been based in Edinburgh, collapsed in December. | Flyglobespan, which had been based in Edinburgh, collapsed in December. |
| When it went bust an estimated 3,400 holidaymakers were left stranded in Spain, Portugal, Cyprus and Egypt. | When it went bust an estimated 3,400 holidaymakers were left stranded in Spain, Portugal, Cyprus and Egypt. |