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Recession grounds Globespan

The firm was founded by Scottish entrepreneur, Tom Dalrymple, who only two days ago denied reports that Globespan was on the brink of administration and spoke with confidence of a new investment package: “This is good news for the company, our customers and our staff.”

The BBC reported that nearly 4,500 passengers have been left stranded, 1,100 of which will be repatriated by the Civil Aviation Authority. A senior cabin member told the BBC that he has not yet been contacted by the company: “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.”

Only 18 months ago, Dalrymple featured in an extended online edition of the Times Rich List, his new boost in wealth being attributed to the growing success and expansion of Flyglobespan and placing him in joint 1,049th place. The firm, which in June 2008 boasted an annual turnover of £280m, reported losses of nearly £19m in the past year.

The news of Globespan’s collapse comes just days after thousands of British Airways cabin crew members voted in favour of a Christmas strike.

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