Hundreds of passengers were left stranded as budget airline Zoom went into administration last night. Zoom which operated from five UK airports has blamed the collapse on high fuel charges.
The UK and Canada based business founded by brothers John & Hugh Boyle said that it had attempted to secure a re-finance package for the company, [...]
UK Business News
Entries Tagged as 'Administration'
Crash Landing For Zoom
John Williams - Friday 29.08.08, 14:42pm
Tags: Administration · UK Economy · World Economy
Wedding Gift Firm Blames Bank For Demise
John Williams - Tuesday 05.08.08, 13:59pm
Wedding gift firm Wrapit has blamed the HSBC bank for putting it’s business in administration, despite owing the bank around £3.5million.
Wrapit was formed in 2000 by former fashion journalist Pepita Diamand and trades from fifteen showrooms and a website, the administration puts 100 jobs on the line.
Despite the protestations of Peter Gelardi the head of Wrapit, claiming [...]
Tags: Administration · Banking · UK Economy
