Industry reacts to Globespan collapse

Airline failure leaves thousands stranded

The collapse of Globespan, owner of Flyglobespan Scotland's biggest airline, has left over 3,000 people stranded abroad without cover and a further 100,000 potential claims, according to travel insurance specialist PJ Hayman.

Peter Hayman, director at travel at PJ Hayman, said: "Much like the XL Leisure Group failure last year, some elements of Globespan bookings were unprotected. As a consequence, people with bookings have to resort to claiming back on their credit card, where applicable, or

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