FlyGlobespan in difficulties?

[akerosid]

From today's Aviation Industry News:

Globespan edges towards administration
Globespan Airlines, the low-cost carrier and its affiliate package holiday company, FlyGlobeSpan.com is one step closer to administration having failed to receive much needed investment. The company is on deadline for an investment and faces closure should it not receive a last-minute capital injection. Funds promised by Halcyon Investments, an investment company run by E-Clear, have been blocked as the airline must gain regulatory approval before it can receive the sum. However, E-Clear has SkyEurope's administrators on its tail; believing that the company owes EUR14.6m in costs pertaining to flight reservations. The Scottish airline has been under strain for some time and was close to administration a month ago.

Sad to see any airline go; they had their problems, but they kept on fighting. I understand that one of the main sources of revenue keeping them afloat is operating flights to the Falklands for the British MoD. One of their 767s, (see picture) is also operating a Hajj charter.

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[akerosid]

The end has come

Sadly, Flyglobespan has been placed in administration:

http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/8417183.stm

[cja]

They have always been on the edge, remember when they lost their ETOPS rating and had to fly transatlantic via Iceland. Never the less its is very sad that this Airline never really found its place.

Good luck to the the staff now without jobs and the customers left without the flights they have paid for.