Scottish airline Flyglobespan is filing for bankruptcy and its fights have been grounded, administrators appointed to help salvage the company announced Wednesday.
Flyglobespan’s 10 aircraft served about a dozen destinations across Britain and Europe, as well as Orlando, Florida, and the Egyptian resort city of Sharm El Sheikh.
Flyglobespan was established in 1970 and provided flights and package vacations from Scotland’s major cities of Glasgow, Edinburgh and Aberdeen.
A message on the airline’s Web site said “‘all flights have been cancelled and will not be rescheduled.'”
source: Business Week