Flyglobespan News

Travel tycoon Elias Elia declared bankrupt

Travel tycoon Elias Elia declared bankrupt

8th Jun 2011 Airline News

Controversial travel tycoon, Elias Elia, owner of the credit card company blamed for the collapse of Flyglobespan, has been declared bankrupt. The Greek Cypriot’s firm E-Clear was accused of withholding £35 million from the Scottish carrier, which collapsed in December 2009.

Court order forces E-Clear to come clean on missing £35m

Court order forces E-Clear to come clean on missing £35m

13th Jan 2010 Airline News

A judge has ordered the payment processing company connected to the collapse of Scottish carrier Flyglobespan to prove it has £35m in the next two days. E-Clear has been ordered to prove that it has the money – which it allegedly held back from the failed airline, causing its collapse last month – by this Friday (January 15).

Concerns mount over E-Clear

Concerns mount over E-Clear

The business interests of Greek travel industry entrepreneur Elias Elia have been further called into question after news that E-Clear, his payment processing company, is now facing a separate legal claim from Canadian operator Go Travel Direct in addition to £35m being sought by the administrators of Globespan.

Elia breaks silence over Globespan collapse

Elia breaks silence over Globespan collapse

24th Dec 2009 Travel Technology News

Elias Elia, the owner of E-Clear, the online transactions company linked to the collapse of the Globespan airline, has broken his silence over his company’s position, saying that his firm was not responsible for the airline’s collapse, and that he was getting on “extremely well” with administrators.

Row over Globespan collapse intensifies

Row over Globespan collapse intensifies

Administrators for Globespan have asked its credit card transactions firm to put £35m of owed money into a joint bank account, following claims it had caused the collapse of Scotland’s largest airline by stalling on payments. E-Clear’s owner, Greek travel industry entrepreneur Elias Elia, is also the owner of Allbury Travel, which also collapsed at the weekend.

Helplines set up for Flyglobespan passengers

Helplines set up for Flyglobespan passengers

18th Dec 2009 Airline News

Two dedicated phonelines have been set up to deal with the huge number of passengers affected by the collapse of the Globespan Group. More than 8,000 calls have been received from passengers either stranded abroad or waiting for news in Scotland following the collapse of the group, which included the airline Flyglobespan.