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Flyglobespan issues winding up order against E-Clear

Failed Scottish airline and operator Globespan Group issued a winding up order against credit card processing firm E-Clear before it failed last week, it has been reported.


Mayfair based E-Clear reportedly owed £34 million to Globespan when it collapsed, only £14 million of which was for customers who had not yet flown.


The role of E-Clear in the failure has been criticised by the Scottish finance minister John Swinney and is being investigated by administrators PricewaterhouseCoopers.


Travel Weekly requested to speak to E-Clear chief executive Elias Elia on Friday as the focus turned on the firm but was told he was not available.


E-Clear was said to be working closely with Globespan to determine the extent of its exposure to credit card charge backs. The spokesman said under current rules the firm was potentially liable for up to seven weeks after a flight operated.


According to reports today, a date of February 10 has been pencilled in to hear the winding up order that was filed with the Companies Court on Wednesday last week.

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