Airline partner in £100m debt

THE credit card company at the centre of the Flyglobespan collapse has gone into administration, with debts estimated at £100 million.

By The Newsroom

Published 28th Feb 2019, 14:03 BST

E-Clear, which handled online sales for Flyglobespan, withheld 35m from the Edinburgh-based travel firm before its collapse last month.

Administrators PricewaterhouseCoopers said it was clear the money was "no longer there".

It means that 15,000 customers who paid for flights with a non-Visa debit card are almost certain to lose their money.

E-Clear owner Elias Elia has blamed a "Northern Rock-style" run on his firm for its downfall.

The Scottish Government said it was pressing the UK Government for a full investigation.