Turbulence ahead for E-Clear
Sunday 01 November 2009
Fears are growing over problems at the credit card processing company E-Clear, which processes credit card payments for a number of airlines and travel firms operating in the UK, including Flyglobespan.
Sources close to the Civil Aviation Authority (CAA), the airline industry regulator, have privately voiced concerns over E-Clear which could have knock-on effects on the the rest of the airline industry.
Flyglobespan, the Edinburgh-based budget airline, is believed to be ready to pursue E-Clear over payments it is due to receive from the payment processor. The airline was named by bookie Paddy Power last year as the UK carrier most likely to go bust, but it has since proved its doubters wrong. A spokesman for Flyglobespan declined to comment.
In July, E-Clear's chief executive, Elias Elia said it was reassessing its involvement in the "risky" travel industry.
An E-Clear spokesman said: "We are in a strong financial position. I am not aware of any financial problems and I am not aware of any external orders."
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 Y-40 Deep Joy: The world's deepest swimming pool
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Deepika Padukone branded a 'hypocrite' by The Times Of India following anger over 'cleavage show' tweet
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Syria air strikes: President Obama undergoes Damascene conversion as Isis forces America to change tack
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...