FlyGlobeSpan "Facing Collapse"

Submitted by edg on Sun, 13 Dec '09 11.14pm

Edinburgh-based Globespan group that runs FlyGlobespan.com is reportedly "facing collapse" according to The Guardian. The report says that the budget, charter airline that does cheap flights to North America and Europe, is awaiting regulatory approval for funding from an organisation called E-Clear.

According to the article, Globespan Group "is understood to have been on the brink of calling in administrators four weeks ago".

Read the article