Flyglobespan...Bust!!!

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 20:05

Just heard Flyglobespan have gone into administration....just means one less option for us up here in Scotland to get to Cyprus...especially during the winter months:-(

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 20:10

http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/8417183.stm

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
16/12/2009 20:55

Damn thats my 1st real summer in our new apt blown!!! Thank god I used my credit card!!! It really is crap for us Scots to get to N.Cyprus. I must be a jinx - the year we signed the contract on our apt CTA withdrew all flights from Glasgow then the next best thing was Globespan from Edinburgh to Paphos!!! Happy Xmas!!!!!

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 21:31

Yep...Karakum5c...I know exactly what you mean, just got back last week from NC and have always used Flyglobespan in the winter..All thats left now from Oct-Apr is Thomson once a week from Glasgow just wait and see I bet fares rocket up now due to the competition being wiped out!!! Can only hope Ryanair or someone else comes along... although with the current financial climate being the way it is I'm not very hopeful and certainly can't see CTA coming back...in fact looks as if they could go tits up very shortly,then what for NC???? Happy Xmas to you too!!!!!

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
16/12/2009 21:48

Hi jim just heard, it just gets worse, my bro was due out on the 24th...he is gutted.

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 21:50

Hi Jock

I thought that...was going to mail you.

I also see that there is no compensation if booked online....thats really s**t

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 21:55

Jock



Flight Choice website still have seats next Wed 23rd £104/return + taxes



Jim

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
16/12/2009 21:59

That is really bad newes,but steps are being taken to stop this no protection if you book on line.Not much consolation for those who have lost out now.When you read the link it makes you wonder why an airline who made that sort of profit and has that many forward bookings, goes to the wall.

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 22:01

Coachie



Its gone down because of our wonderful *ankers....simple as that!!!

boglefan



Joined: 07/06/2009
Posts: 511

Message Posted:
16/12/2009 22:41

I feel so sorry for the people stranded away from home. When XL went burst we were stranded in Larnaca Airport. After being told to report for a flight departing at 6p.m. on the Sunday we were told there wouldn't be a flight until the next morning at 6a.m. To cut a long story short yup we did eventually leave Larnaca on the Monday night at 6.30p.m. but we were flown to Gatwick and bused from there back to Glasgow. The stuff on nightmares but at least we eventually made it back. Pity the poor souls who were looking forward to their Christmas or New Year on holiday. They were still advertising in this mornings paper too.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
16/12/2009 22:45

Hiya Jim sorry we missed each other. Thats such bad news. When we flew in last night I saw thier aircraft parked on the tarmac. I just assumed it had just arrived. Im so very sorry for all my scots friends xxxxxxx BA next

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
16/12/2009 23:05

Lilli



It will take more than an airline going bust to stop us getting back out...Really sorry we missed you last time out..hope you had a good trip back to the UK and also wish you and Guido a fantastic Christmas and New Year..till the next time take care!!



Jim x

littlejohn


Joined: 09/03/2009
Posts: 316

Message Posted:
17/12/2009 02:11

Message 8 - probably the unions fault !!

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
17/12/2009 02:19

Its all the Arabs fault !





Price of oil $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
17/12/2009 15:42

Found This on another forum...

Anyone who paid by visa debit card can envoke the visa chargeback go to your bank they will deny it exsist but be persistent its there for when a company fails to deliver goods or sevices. DavidVisa Debit Chargeback – The Facts

November 8th, 2008 • Related • Filed Under • Bookmark and Share

Related:

Credit and Debit Cards, Part 2

Credit and Debit Cards

Protect Yourself When Using Paypal

Filed under:

Buying Goods

Consumer News

Tags: Consumer Credit Act • Credit Card Fraud • Credit Card Protection • Debit Card Protection • Visa Card • Visa Debit Chargeback

The majority of us are now aware of the benefits of using our credit cards in terms of the protection it offers us in the event the supplier is unable to offer the goods and services we have paid for.

Cont...

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
17/12/2009 15:43

But did you know that you can also claim the money back if you have paid on your Visa Debit card? And unlike your credit card, which imposes a minimum spend of £100, you can claim back any amount of money.



The process is called Visa Debit Chargeback, and, as the name suggests, is a procedure in which the banks will ‘charge back’ the value of the original transaction directly from the supplier’s bank, and pass this amount on to you.



All banks who issue Visa cards have only recently agreed to process chargeback requests, and there is still widespread confusion over what it is and how it works. Therefore if you meet a dead end in your discussions with bank staff, persist. The facility is there for you to take advantage of.



Invoking the chargeback procedure



Cont...

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
17/12/2009 15:44

If you suspect your card has been used fraudulently, if the goods and services you bought with your card are faulty or if they do not materialise, then you should contact the bank who has provided you with your Visa debit card within 120 days, requesting they initiate the chargeback process. It does not mean you will automatically and immediately get your money back. It will initially become a ‘dispute’ in which the claim will be fully investigated by both banks before any money is returned.



Addendum: This Visa Chargeback Scheme also applies to Visa Credit Cards



Does anyone know if this is true?

Navek

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
17/12/2009 15:56

Check this out,

Consumer Information...

http://whatconsumer.co.uk/visa-debit-chargeback/

Navek

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/12/2009 17:31

Kara5..Oil is damn sight cheaper now than 9months ago.This airline only recently posted a £1.3 million profit for last year when oil was up in80/90$ mark.It was down as low as $46 not long ago.I see on the news they expanded far to quickly in 7yrs they have been going.Government contract to run to Falklands as well.Think might be a case of bad management.It is terrible that they have been taking money off people when they new severl weeks/months ago they were in trouble.You dont just suddenly run out of money like that.There accountants ought to be question ed about there business ethics if they allowed them to carry on knowing they were in trouble.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
17/12/2009 17:37

No excuse but they were expecting a buy out or new funding and that was not in place in time.

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
17/12/2009 21:02

Jim my brother booked flights from the firm you said last night, he booked 2 seats at £200 each, then he recieved an email saying it had went up to £700 for the 2 of them.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
17/12/2009 21:24

Graham,



Who was that company?

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
17/12/2009 21:55

I believe it was first choice.

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
17/12/2009 22:09

Jock



I checked that out this morning...couldn't believe that they had bumped up the price by £234/person overnight!!!!

just a shower of thieving b*****ds!!!!



flightholiday...First Choice (just Thomson in drag)

britvic



Joined: 05/09/2008
Posts: 3039

Message Posted:
17/12/2009 22:32

Its been the same in the North East for the last couple of years, only a few flights from Newcastle (45 minutes away) at extortionate prices forcing us to fly from Manchester (2+ hours away).

In fact if you don't live near Stansted or Heathrow you have had it!



Vicki

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
17/12/2009 22:41

Vicki



Takes the shine off NC when its so difficult and expensive to get there...I have friends who have a villa in Moraira in Spain and they can decide at the last minute on say a Thursday to have a long weekend there and have any amount of flights to choose from starting at £45!!!!! Ok...Spain is maybe not where any of us want to be or go ...But to be able to escape the UK at the drop of a hat without being shafted does have a certain appeal!!!

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
17/12/2009 23:41

I heard this morning that staff working for them didn't know anything about it.

Big shock, and they were still advertising up to the day they went bust.

Some folk from Tyneside were booked to fly to Egypt with them too. They would

rather fly from Glas than Manchester, but they may get a replacement from Newcastle

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
18/12/2009

I rebooked my flights with thomas cook airlines for next year before midnight



If your not fast your last !

paddywack


Joined: 04/05/2009
Posts: 959

Message Posted:
18/12/2009 00:24

Msg 25, I have 2 hours drive to Belfast,then a flight to Stanstead,so you are not so bad off

tamand


Joined: 23/07/2009
Posts: 240

Message Posted:
18/12/2009 01:05

the easyjet option from edinburgh or glasgow via gatwick/larnaca is a good one and cheap

one of my wifes pals did it recently with an overnight stop in a hotel at garwick it was cheap but tight going back to Larnaca as only 2 hours between flights so if easyjet from north is late you could end up missing flight

worth looking at easyjet and diffrent options

aripointer


Joined: 01/07/2008
Posts: 189

Message Posted:
18/12/2009 09:31

Take heed greedy BA c/c.



It could be BA next?

AP

liz w



Joined: 09/10/2008
Posts: 270

Message Posted:
18/12/2009 16:39

Hi we did the easyjet route from Edinburgh to Gatwick then gatwick to Larnaca. It cost £170 for 4 flights and we chose to go on the last flight the night before to avoid a 3/4 a.m. ride to the airport. The price includes 2 nights in the Gatwick travellodge . That was £32 split 3 ways so very affordable.





Liz

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
18/12/2009 17:24

AP..Globespan went bust and they did not pay high wages.Makes BA.s argument a bit weak does it not....

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
18/12/2009 17:27

Msg 19 / 20 I have suggested the jury was out - do not always blame the accountants or the management.



See the following that partly expalins why Globespan has fallen down:



Globespan was 'owed £36m by E-Clear'

Friday, December 18, 2009

Chris Gray



Flyglobespan was owed more than £30 million in payments from credit card payment processing company E-Clear.



The money included £20 million from passengers who had already travelled and about £16 million from customers who were yet to go on holiday.

---------------------

Scottish finance secretary John Swinney



This company has been badly let down by the fact that a private company, handling bookings on their behalf, has not paid them money that they were due. That is the inesc........

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
18/12/2009 18:02

flightholiday



Absolutely shocking that a credit card holding company which was due to pay that money has cost 600 people their jobs and has put what now looked like a reasonably"solvent company" down....that is just criminal!!!!...also knowing the circumstances it doesn't say a great deal about Flyglobespan's *ankers!!!

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
18/12/2009 18:17

hi jim ,looks like we got back just in time , im off out again tomorrow , familys all packed and ready to go ,with monarch from manchester , was nice meeting you and your wife , have a nice xmas les

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
18/12/2009 18:23

Hi Les



Still can't believe it!!! Anyway nice meeting you too.. hope you and your family have a great Christmas..have a safe trip Bud!!

Cobbler


Joined: 15/11/2009
Posts: 61

Message Posted:
18/12/2009 18:23

Guess where E-Clear is based,



http://www.cyprus-mail.com/cyprus/cypriot-firm-may-bail-out-scottish-airline-today



Bloody Greeks!

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
18/12/2009 18:36

RE msg 38, Cobbler: (...) Bloody Greeks! (...)

=> Sigh. Again. Citizens of the RoC are Greek speaking Cypriots. Greece nor the Greeks have anything to do with the drama.

Cobbler


Joined: 15/11/2009
Posts: 61

Message Posted:
18/12/2009 18:41

Msg 39,



"Sigh" You know for a fact that Greeks from Greece have nothing to do with the drama, do you?

kenny b


Joined: 12/09/2008
Posts: 211

Message Posted:
19/12/2009 01:15

Arrived back from Lanzarote last night with Monaarch

There were quite a number of Scottish families staying on our complex that had booked with globespan thankfully they were all sorted early on by their families in the uk who went on line in Scotland booked flights with Thompson the first they knew about globespan going bust was when they all received calls from their families yesterday morning.In the all inclusive resort next to ours the manager called all the globespan holiday makers to a meeting and informed them that globespan had not paid their hotel bill and they would all be receiving a bill of the hotel on departure you can guess what the response was from the holiday makers.

Keep posting

Keep smiling

Kennyb

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
19/12/2009 09:34

Yes Kenny b, i could just envisage it, and no doubt a tip was left as well.

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
19/12/2009 11:26

Maybe E-clear will settle their bill...

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
19/12/2009 13:20

George - Msg 43



What makes you think that? They did not when the company needed it badly now Globespan is down the only way will be for the liquidator to pursue it through the EU courts.

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
19/12/2009 14:32

The Greek Cypriots who run E-clear should be thrown in jail after all they have destroyed an airline and as European citizens they should face the full fury of the EU.



The Scottish Government should seek their extradition to face trial in Scotland and all their assets should be seized especially their houses !

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
19/12/2009 14:49

Keith Msg 45



Have a look at the thread - Flights 2009 / 2010 mainly to and from KKTC - Msg 61 - for some info from a travel mag in today regarding the CEO of E-clear

jock1



Joined: 06/01/2008
Posts: 3786

Message Posted:
19/12/2009 19:14

msg 44,...George, i thought his name was wackyjim,,,,

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
19/12/2009 21:21

Wacky by name wacky by nature...Jock think I suit George!!!

Flightholiday...i don't think for one minute they will settle any bill,,if they can't pay Flyglobespan then there is no chance they will pay any hotel bill...but we live in hope!!!

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
20/12/2009 00:06

Anyone who has paid direct/online to Globespan etc by Visa debit card,

then been told by the bank that you'll not be refunded.

Follow this link for some useful information...

http://www.which.co.uk/advice/your-rights-when-paying-by-credit-card/chargeback-on-credit-and-visa-debit-cards/index.jsp

Good luck,

Navek

wackyjim



Joined: 04/06/2007
Posts: 760

Message Posted:
20/12/2009 15:07

A lot of questions have still yet to be answered...I believe that we will hear a lot more about E-clear's involvement in all this...I see that a travel company (Allbury) operated by E-clear has been placed into administration just yesterday raising more questions as to where Globespans missing millions have gone??

Lothian and borders police are now preparing to investigate possible fraudulent activities of Elias Elia and E-Clear.. also its reported they are 3 months late in lodging accounts with Companies House.

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
21/12/2009 01:16

It is so unfair if that is true about the credit company. Have never flown with Globespan but

haven't heard a bad word against them by staff or customers. Very sad for all.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
07/01/2010 19:22

Comments in trade press today.



TTG understands that police have been in contact with sources close to the investigation into the collapse of Globespan.



There is no suggestion of a formal police investigation but officers are understood to have approached at least two people close to the situation.



It comes as Globespan administrators took legal action against Globespan’s credit card payment processing firm E-Clear ............ ............



Administrators for Globespan, Pricewater-houseCoopers, ....card payment processing company E-Clear was withholding £35 million in payments to the failed airline and operator.



Allbury Travel Group was owned by British Virgin Islands-based Allbury Ltd, which is controlled by Elias Elia, chief executive of E-Clear....

E-Clear is based in Berkeley Square in London’s Mayfair. The same address is home to Elian Developers UK, which runs property developments in Cyprus.



---------- ------ ----

Allbury also failed owed £p by E-clear

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
28/01/2010 17:13

While away things have been afoot - I have heard (be they true stories or not)



1. The staff from Globespan are thinking of going to a tribunal



2. An order for the administration of payment processing firm E-Clear was made by the High Court yesterday (Tuesday).



The move by Mr Justice Vos followed the failure of EClear to submit evidence of funds of £35 million on Friday related to the collapse of Scottish operator Globespan.



3. From the hearsay it seems that EClear’s owner is not in the clear and no guesses where they think he has invested his money.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
01/02/2010 14:18

From a reliable travel trade source today:

Boss of failed credit card company E-Clear, Elias Eliais being sued for £7 million in unpaid loans by his former adviser.

News of the lawsuit came as more details emerged about Elia’s background, including confirmation from Cypriot police that shots were fired at his parents’ house.



The adviser said he lent Elia and E-Clear money between 2008 and 2009. The loans were personally guaranteed by Elia. according to a report in the Mail on Sunday.



E-Clear was put into administration earlier this month, owing more than £100 million, including £35 million to failed airline and operator group Globespan.



Adminstrators for Globespan and E-Clear are now looking at whether any funds were diverted to other businesses, like Elian property development company in Cyprus.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
02/03/2010 13:53

A little bit of information in today from TravelWeekly a trade rag (article date 25 feb but the despatch came in later yesterday):



Another company linked to failed credit card processing firm E-Clear has ceased trading.



Canadian operator Go Travel South, formerly called Go Travel Direct, ceased operations yesterday. Reports in the Canadian press suggested it would be bringing home customers in resort, but around 2,000 customers yet to fly would be out of pocket.



-------



The E-clear thing is a mess and very painful for companies that have lost money as well as their clients - it seems that Mr Elia from Cyprus may be responsible for a lot of peole being hurt.

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
25/03/2010 14:20

More from TW today - much shortened and a little edited:

E-Clear administrators uncover just £72,000



(24 March 2010)

E-Clear administrators have uncovered £72,000 after months of investigations into the credit card processing firm - situation “looking bleak”.

BDO business restructuring partner Malcolm Cohen said he expected “the coffers to swell”.

Various avenues and assets such as E-Clear chief executive Elia’s Kensington flat, worth an estimated £3 to £4 million and bought with E-clear money, are still potentially to be realised.

BDO costs of £300,000 so far and C said creditors may have to contribute if litigation was necessary.

It also emerged this week that customers of collapsed Scottish airline Flyglobespan will receive just 5% of their lost money.

It also emerged this week that customers of collapsed Scottish airline Flyglobespan will receive just 5% of their lost money.



- Sorry not good news to date.