TITLE

TRAVEL FIRM COLLAPSES PUT E-CLEAR IN THE SPOTLIGHT

AUTHOR(S)
Hayhurst, Lee
PUB. DATE
January 2010
SOURCE
Travel Weekly (UK);1/8/2010, Vol. 5, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the issues related to the demise of airline Globespan Inc. and the financial health of credit-card processing company E-Clear. According to E-Clear chief executive Elias Elia, companies like Globespan and Allbury had been kept going for years with the help of cash injection form E-Clear. E-Clear was the only option for them as mainstream banks are not interested in the risky business of travel. However, the company itself is not able to show that it is financially viable.
ACCESSION #
48015905

 

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