Bruce Cartwright
By Cara Sulieman
SCOTS travel giants Globespan went bust despite being owed around £30 million from a credit card processing company, it was revealed last night.
Administrators said they believed a firm called E-Clear owed the firm around £30 million – but about half of it would now be claimed back by stranded customers.
Bruce Cartwright, partner at administrators PricewaterhouseCoopers, said that people who had booked a flight with their credit card would be able to claim the money back.
But for others, including the hundreds of staff, there seemed little hope of anything good emerging from the financial disaster.
Deadline Press & Picture Agency 