Allbury Travel Group enters administration

| December 21, 2009 | 0 Comments

There is more disappointment today for Christmas travellers after it emerged that Hertfordshire-based Allbury Travel Group has been placed into administration.

The company, which traded as Libra Holidays, Argo Holidays and JetLife, ceased trading at midnight.

It specialised in holidays to Greece and Cyprus and has left 100 customers overseas, while a further 4,000 had forward bookings.

The news comes just a few days after the collapse of Edinburgh-based Flyglobespan, which was Scotland’s biggest airline.

Allbury Travel Group offered air package holidays and flights out of Gatwick, Manchester, Newcastle, Birmingham and Leeds Bradford airports.

The Civil Aviation Authority (CAA) said it is taking the necessary action to bring back the 100 holidaymakers stranded overseas and is also helping the 4,000 customers in the UK.

In the meantime, PricewaterhouseCoopers (PwC), which was appointed administrator for Flyglobespan, is investigating E-Clear to establish why the company held back more than £30 million owed to Globespan Group, which operates Flyglobespan.

According to PwC, the sum held by the card-payment processing company is larger than expected in the normal course of business.

PwC said if the funds had been paid, Globespan would have been able to trade for another month and would have prevented the travel chaos that many have experienced during the festive season.

E-Clear also reportedly processed Allbury Travel Gruop’s credit card payments.

PwC said investigations are at an early stage.

Tags: Flyglobespan,

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