Breaking news - Globespan in adminstration, 5,000 stranded
Yet more proof that airlines and recessions rarely make good bedfellows (BA staff, take note), Globespan has gone into administration this afternoon.
According to website TTG, flights that had already departed this evening will be grounded on arrival at their destinations, while all flights scheduled for tomorrow morning will not take off. In the last five minutes the website has been shut down, replaced by an notice from administrators.
It's reported up to 5,000 holidaymakers will be stranded abroad by the collapse of the budget airline, which had bases at five airports in the UK and Ireland and flew to 17 destinations - most of which where in mainland Europe but also included Florida. PricewaterhouseCoopers are laughing al the way to the bank once more as they handle administration duties.