It was announced late last night that Flyglobespan, Scotland's largest airline has collapsed after its parent company, Globespan, was placed into administration with the loss of 800 jobs - stranding around 4,500 people in various destinations such as Cyprus, Spain and Portugal.
Around 1,000 or so people will be repatriated by the Civil Aviation Authority (CAA) under the Air Travel Oragniser's Licencsing (ATOL) scheme (see www.atol.org.uk for more information) However, about 3,000 people will have no protection as they booked directly through the airline's call centre or website, flyglobespan.com, and a further 100,000 are believed to have travel plans which will now be disrupted.
Ryanair, easyjet and Thomas Cook are reported to be offering those stranded overseas special 'rescue' fares to return home. Those who paid by credit card or Visa debit card should conatct their card provider to check if they are eligible for a refund under Section 75 of the 1974 Consumer Credit Act. We'll bring you further updates and helpful information on the travelsupermarket.com site as soon as we get them.
This is around the 27th travel operator to go into administration this year.
Are you affected by Globespan's collapse? Has your holiday been ruined? What do you think? If you're stuck in resort or about to go on holiday, how are you coping?
Thanks,
Graeme,
Community Editor,
graeme.delap@moneysupermarket.com