If you purchased cheap airplane flights on Edinburgh-based Globespan Airways – operating as Flyglobespan – for travel to or around Europe, your flight plans were abruptly canceled in December 2009 when the company ceased operation.
The collapse of Scotland’s largest airline has left thousands of travelers stranded – current estimates are that over 4,000 travelers are stranded with an additional 117,000 travelers with future flights booked – and 800 employees out of work. Those who have traveled to their destinations will not have flights to return home.
Low cost carriers Ryanair and easyJet are offering cheap airplane “rescue” flights to travelers with Flyglobespan tickets.
Founded in 1970, the airline had been negotiating a funding arrangement through Halcyon Investments. When the financing deal did not materialize, Globespan was forced to cease operations.
There are very few options for travelers to recoup the money spent for their Globespan cheap international airfare. Some may be able to quickly file a claim through their credit card company; others may be protected with travel insurance.
Last year, discount air carrier Zoom stranded travelers on cheap European flights when it suddenly failed. In total, over 30 small European airlines offering cheap airplane flights have failed since the beginning of 2008 — a good reason to always consider purchasing travel insurance without restrictions on suppliers. For more information on the best travel insurance to use with your cheap airplane flights, contact Airbank.