Carledwards From United Kingdom, joined May 2004, 259 posts, RR: 0 Reply 3, posted (4 years 8 months 3 weeks 3 days 2 hours ago) and read 4795 times:
Quoting Smokeyrosco (Reply 2): I was looking at my options of flying DUB - YVR next year and thats one of them. Not really sure I have faith in spending my money on them
I probably won't book until the new year anyway so hopefully we'll have a better idea then.
I don't like to be a sceptic when it comes to airlines, however because this is so far in advance and involves a LCC I would have to agree this is a good move for a long haul flight, considering they generally cost a lot more than the short haul legs. Maybe book onto a standard legacy carrier instead if you can find some cheaper fares, in case they go up nearer the time, or book the globespan flight through an ABTA / ATOL bonded travel agent if any of them are selling globespan?
However I hope for the sake of low cost travel to Scotland that flyglobespan do not go, at least not for now, in a market where the competition is getting less and less due to the recent collapses of both XL and Futura. Lets try and keep them flying!
Cwldude From United Kingdom, joined May 2006, 691 posts, RR: 1 Reply 4, posted (4 years 8 months 3 weeks 3 days 2 hours ago) and read 4754 times:
I've thought for a while that they'd go bankrupt! At least before Zoom did, I just don't understand how they make money when they've got such a bad reputation and a similar business stratergy to that of Zoom!
They've cut a lot of loss-making routes lately though, but is it too little too late?
Thomson Airways - The UKs premier charter airline // now flown : BY -AA -AJ -AE -AT; OO -AX -AU -RA -BG; BRIG; OBYD
Fly_yhm From Canada, joined Dec 2000, 1661 posts, RR: 11 Reply 5, posted (4 years 8 months 3 weeks 3 days 1 hour ago) and read 4703 times:
they seem to continue to be doing well out of YHM. They do have full market share here as they are the only airline flying across the pond from YHM. Based of this I hope they dont go under but if they do then I hope they have another carrier come and take over here for them.
Where will you spend eternity? He,s more real then you think!!!!!
Rdwootty From United Kingdom, joined Sep 2005, 900 posts, RR: 2 Reply 7, posted (4 years 8 months 3 weeks 2 days 23 hours ago) and read 4523 times:
The complications of bonding need to be checked as you are flying from DUB and you should book with an agent in the Irish Republic as the ATOL scheme does not apply to Irish passengers who book originating flights. Suggest the best bet would be to ask a few agents and if they all say they will not book then you have the answer
Humberside From United Kingdom, joined Dec 2005, 4903 posts, RR: 5 Reply 11, posted (4 years 8 months 3 weeks 2 days 1 hour ago) and read 4012 times:
Quoting Naritaflyer (Reply 10): Do they have to file their financial statements with any authority?
Companies House, but they wont be up to date
This is the problem with private airlines, up to date financial data is not available and therefore very hard to work out their true financial position
Egmcman From United Kingdom, joined Jun 2005, 898 posts, RR: 9 Reply 12, posted (4 years 8 months 3 weeks 1 day 22 hours ago) and read 3900 times:
Quoting Humberside (Reply 11): Companies House, but they wont be up to date
I work in the insolvency / companies liquidation business they do update records on companies as to how often I have no idea.
Once a company goes into liquidation advertisements are made and creditors are contacted. I believe companies file their accounts a least once per year.
Quoting Humberside (Reply 11): This is the problem with private airlines, up to date financial data is not available and therefore very hard to work out their true financial position
Unless you work in their accounts department or for their auditors but then you there would be a clause in your employment contract about revealing sensitive information.
Naritaflyer From Japan, joined Apr 2006, 549 posts, RR: 1 Reply 13, posted (4 years 8 months 3 weeks 1 day 6 hours ago) and read 3761 times:
Quoting Humberside (Reply 11): Companies House, but they wont be up to date
This is the problem with private airlines, up to date financial data is not available and therefore very hard to work out their true financial position
Thank you. I got it. Globespan shows a loss of 19.3 million pounds at year-end October 31, 2007. With oil price being much higher in 2008, I assume the loss in 2008 was higher as well. Looks to me this company has no chance.
Humberside From United Kingdom, joined Dec 2005, 4903 posts, RR: 5 Reply 14, posted (4 years 8 months 3 weeks 1 day ago) and read 3619 times:
GSM had major problems in 2007, expanding too fast and had lots aircraft going tech, trashing their reputation and taking a lot of money to sort out. Problems that havent been repeated on anywere near as large a scale this year
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