Flyglobespan News
Travel tycoon Elias Elia declared bankrupt
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.
Elia’s personal assets to be frozen as £100m goes missing
Greek travel entrepreneur Elias Elia is set to have his personal assets frozen as the administrators of his failed credit card company E-Clear try to account for a hole in its finances worth up to £100m.
Court order forces E-Clear to come clean on missing £35m
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).
Globespan administrators and E-Clear set for High Court
The administrators of Globespan and E-Clear are set for a High Court hearing tomorrow in a bid to resolve the stalemate over £35m in unreturned passenger funds.
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
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
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
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.
Skyscanner traffic spikes 283% as Flyglobespan collapses
Travel search site Skyscanner has already seen an 283% rise on searches for Flyglobespan routes and expects to see traffic increase further as news of the airline’s collapse spreads and affected travellers scramble to find replacement flights.
easyJet extends rescue package for Flyglobespan passengers
Following the announcement that Flyglobespan has suspended its operations, easyJet, the UK’s largest airline, has extended its rescue package for stranded passengers to ensure they can get back to the UK for Christmas.
ABTA calls for Airlines to have financial cover after Flyglobespan collapse
ABTA is calling on the Government to take action following the failure of Scottish airline Flyglobespan which has left thousands of people who booked flight only tickets stranded abroad and thousands more out of pocket.
ABTA calls for Airlines to have financial cover after Flyglobespan collapse
ABTA is calling on the Government to take action following the failure of Scottish airline Flyglobespan which has left thousands of people who booked flight only tickets stranded abroad and thousands more out of pocket.