Most employees at Globespan, the parent company of Scotland’s largest airline Flyglobespan, have been made redundant after the firm collapsed.
The company, which employed 800 people, has been placed into the hands of administrators at PricewaterhouseCoopers (PwC), after failing to arrange funding to continue operating. Only a small number of staff will be retained to help the company wind down.
One senior cabin crew member for Flyglobespan told the BBC he had not yet been contacted by the company.
Tom Maguire from Prestwick added: “I’m completely devastated by this news the week before Christmas. I feel totally let down. There is nothing on the staff website, we’re just hearing things through Facebook. No one has told me that I don’t have a job.”
Bruce Cartwright, joint administrator and head of business recovery services at PwC, said: “Despite difficult trading conditions, the company has successfully implemented a number of steps to refine operations and focus on core profitable business. Unfortunately a lack of confidence in the sector following the demise of other airlines resulted in a reduction of liquidity to fund the ongoing operations.
“The directors have sought to overcome this lack of liquidity by seeking additional funding from a third party in recent weeks, but this has ultimately been unsuccessful. The directors have therefore concluded with regret that the business can no longer continue to operate.”