Globespan

[Harlequin]

Flyglobespan leaves customers stranded


http://www.dailymail.co.uk/travel/article-1236919/Flyglobespan-goes-bust-latest-travel-advice-cheap-flights-rival-airlines.html

[flopnfly]

Oh no, is this going to be another year of stranded passengers?

Is Globespan not connected with Air Transat?  I'm sure that I used to book my Dad on globespan to come over here and he was on an Air Transat plane.

[Harlequin]

It does look a bit that way as another company goes to the wall, not sure about air transat and globespan maybe they had a agreement

Globespan was a late comer to the budget flight market operating mainly out of Scotland


http://news.bbc.co.uk/1/hi/uk/8422421.stm

[Gambitt]

I checked into it, and Flyglobespan was just leasing the planes from Transat.

Transat is very secure financially right now:

The transatlantic market remains a battleground, Transat chief executive officer Jean-Marc Eustache said during a conference call yesterday.

"Maybe new players will come," he said, after the Montreal-based tour operator announced that it posted a $61.8-million profit for the year ended Oct. 31, compared with a $49.4-million loss for the 2008 fiscal year. Transat shares jumped 13.7 per cent on the better-than-expected results.