Thousands stranded abroad as Flyglobespan collapses
Over 4,000 British holidaymakers have been left stranded abroad following the collapse of Scotland’s largest holiday charter and budget airline, Flyglobespan. A further 117,000 who have booked Christmas breaks will miss out on holidays, with 90,000 expected to lose the value of their tickets, whilst 800 jobs are to go.
Flyglobespan reverses fortunes with record profits
Scottish low-cost carrier Flyglobespan has defied the aviation downturn by announcing it will post record annual profits of £1.2 million for the year to 31 October 2008.This marks a stark turn around for the Edinburgh-based airline, which posted losses exceeding £10m in the previous year due to investments in new aircraft, rising fuel and problems on its Canadian routes. At one stage it was tipped by industry insiders as one of the next casualties in the aviation crisis.