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Airline goes into administration | Airline goes into administration |
(10 minutes later) | |
A Scottish airline is understood to have gone into administration. | A Scottish airline is understood to have gone into administration. |
Inverness-based airline Highland Airways is thought to have called in PricewaterhouseCoopers on Wednesday night to take over the running of the business, which also operates in Wales. | |
All its Thursday flights have been cancelled and no further bookings are being taken. | All its Thursday flights have been cancelled and no further bookings are being taken. |
The airline's problems came to light at the start of the year after severe weather led to cancelled flights. | The airline's problems came to light at the start of the year after severe weather led to cancelled flights. |
This led to a worsening debt situation for the company. | This led to a worsening debt situation for the company. |
It had been hoped a new investor would be found to help the firm survive. | It had been hoped a new investor would be found to help the firm survive. |
It is thought the firm's staff - about 100 - were called in at about 0700 GMT to be informed of the decision. | It is thought the firm's staff - about 100 - were called in at about 0700 GMT to be informed of the decision. |
Highland Airways runs services between Cardiff and Anglesey, Stornoway and Benbecula in the Outer Hebrides and Oban and the Inner Hebrides. | Highland Airways runs services between Cardiff and Anglesey, Stornoway and Benbecula in the Outer Hebrides and Oban and the Inner Hebrides. |
Other activities include aerial work, newspaper delivery to some Scottish islands, corporate staff shuttles and air charter. | Other activities include aerial work, newspaper delivery to some Scottish islands, corporate staff shuttles and air charter. |
So far no-one from the company has been available for comment. | So far no-one from the company has been available for comment. |