Page last updated at 13:53 GMT, Saturday, 19 December 2009

Salmond calls for Globespan probe

Mr Salmond wants an investigation into the financial structure of Globespan

Scotland's First Minister Alex Salmond has called for an investigation into the collapse of the Globespan airline.

Thousands of passengers were stranded abroad and 550 staff were made redundant when the airline called in the administrators on Wednesday.

The administrator has said that E-Clear, the credit card handling company, owed the airline £34m.

It has emerged that E-Clear's chief executive also led a consortium which wished to buy a share of Flyglobespan.

Mr Salmond told BBC Scotland he believed there was a "case for a serious investigation by the department of business regulation".

He added said it needed to look at "the negotiations and the financial structure of Globespan and if indeed money, as is claimed, was being withheld from the company making worse or perhaps even precipitating its cash flow crisis".

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