FlyGlobespan administrators PricewaterhouseCoopers will have mixed feelings today following news that under fire credit card processing firm EClear was also placed into administration.
On the one hand its protracted battle through the courts with the mysterious EClear is now over, but the question of what happened to the funds it supposedly owed to FlyGlobespan (and, by extension, the airline’s creditors) remains at large.
In a statement, PWC says it will now be working with BDO, the administrator appointed by the High Court in London to oversee the winding up of EClear, to find the missing money.
FlyGlobespan – EClear wound up, airline customer data sale ends
Is it right that PricewaterhouseCoopers can sell FlyGlobespan customer data?
The FlyGlobespan saga continues apace – credit card payment firm E-Clear is in the High Court this week – and administrator PricewaterhouseCoopers clearly needs to find some money for creditors.
Running alongside the various financial shenanigans surrounding the case is news that PWC is trying to sell the Globespan’s “wonderful customer details”.
PWC is so excited that it even sent out a tweet.
FlyGlobespan – Administrator turning the screw on EClear
Some developments in the ongoing FlyGlobespan saga with the administrator asking for under-pressure technology provider to place the £34 million it allegedly owed the airline in a special account.
PricewaterhouseCoopers says discussions between it and the credit card processing firm have taken place but “progress has been limited”.
EClear is being urged to place the disputed £34 million owed to the collapsed airline in a joint account immediately.
FlyGlobespan – How airline payment systems work, or not
The collapse of FlyGlobespan and the subsequent focus on credit card processing systems run by companies such as EClear has thrown up all manner of questions.
Administrator PricewaterhouseCoopers has singled out EClear as a key third party in the whole sorry saga of the airline’s financial failure amid accusations that the technology owes its around £34 million.
The issue has gained extra attention when Scottish first minister Alex Salmond waded in late yesterday with a call for a full investigation.
FlyGlobespan – EClear breaks silence, meeting with administrators
EClear, the travel technology company which ran online payment processing systems for FlyGlobespan, has agreed to talk to administrators after coming under intense pressure following the Scottish airline’s collapse.
PricewaterhouseCoopers says the UK-based tech firm has “confirmed their willingness” to co-operate amid reports that FlyGlobespan was owed around £35 million.
Chief executive Elias Elia and other officials are still refusing to return media calls, but the company did finally release a statement:
FlyGlobespan – attention turns to travel technology partner EClear
Dark clouds are forming around the relationship between the collapsed FlyGlobespan airline business in Scotland and its travel technology partner EClear.
In a statement, PricewaterhouseCoopers, the administrator appointed to handle the financial affairs following FlyGlobespan’s demise on Wednesday 16 December, says it is “shifting much of their focus” to the business activities of the company.
EClear is a UK-based credit card system technology firm which worked with FlyGlobespan to process customer payments, but has now found itself at the centre of growing concern that the airline was owed substantial monies by a number of third parties.










