PricewaterhouseCoopers have been appointed as joint administrators to Scottish travel firm, The Globespan Group plc and Alba Ground Handling Ltd on 16 December 2009.
It is likely that other Group companies including the airline which operated as Flyglobespan will be placed into administration on 17 December 2009.
The companies entered into Administration having suffered liquidity issues.
Unfortunately, the Joint Administrators have been unable to continue trading the companies and therefore all flights operated by The Globespan Group plc or Globespan Airlines Ltd have been cancelled and the aircraft grounded.
For more info:
www.flyglobespan.com