| Journal: TWUK | Section: |
| Title: | Issue Date: 03/07/00 |
| Author: | Page Number: 72 |
| Copyright: Other |
Flight Company liquidation
THE FLIGHT Company’s liquidator PriceWaterhouseCoopers has admitted there is only £625,000 left to share out among the operators’ remaining creditors.It revealed there were almost 100 creditors hoping toclaw back some money, including the Civil Aviation Authority, which paid out £5.8m to holidaymakers following the collapse of The Flight Company in 1996.
The CAA has already admitted it only expects to get back a fraction of this sum.
PriceWaterhouseCoopers’ fee will also come out of the £625,000.
The liquidator’s expenses will rise if the creditors ask it to investigate whether there is any money that has not been recovered since the collapse.