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

Salmond calls for Globespan probe

flyglobespan
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".



Print Sponsor


SEE ALSO
Failed airline 'badly let down'
18 Dec 09 |  Scotland
Airline's collapse strands 4,500
17 Dec 09 |  Scotland
Anger at airline staff treatment
17 Dec 09 |  Edinburgh, East and Fife
High Court to rule on BA strike
17 Dec 09 |  Business
Airport baggage staff to strike
16 Dec 09 |  Business
Major holiday airline goes bust
16 Dec 09 |  Edinburgh, East and Fife
Your Flyglobespan experiences
17 Dec 09 |  Scotland

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific