Beverly Hills 12/18/2009 5:12:53 AM
News / Business

Airline’s Collapse Strands Thousands of Customers and Employees

Finance World News Update by EQUITIES Magazine

Roughly 4,500 passengers were stranded after Scotland’s biggest airline, Flyglobespan, collapsed and cancelled all flights. Mostly, passengers were stranded in Spain, Portugal, Cyprus and Egypt.

 

The Civil Aviation Authority (CAA) will be repatriating about 1,100 of those stuck overseas.

 

A regional officer for Flyglobespan said, "Many crew are stranded overseas in Europe and beyond, extremely worried about how they will get home and how they will support their families without a wage at Christmas.”

 

Airlines easyJet and Ryanair have offered passengers not covered by the CAA special "rescue" fares to allow them to return home where their routes overlap with those of Flyglobespan. Additionally, Thomas Cook said it had arranged additional capacity for its flights out of Glasgow Airport.

 

After suffering a cash crisis, the owner of the airline, Globespan, was put into administration late last night. Around 800 staff jobs at the airline are at risk.

 

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