The websites of the group are already down and they stop selling those destinations the group used to have in its portfolio. The hotels in Greece, Turkey, Cyprus etc. are getting nervous, the handing agents are hitting their heads and the authorities keep silent.
The perfect excuse is the financial crisis; the reality though is still to be proven. I am sorry to see that once again the law and its guardians are unable to stop fraud. What is going to happen now? Are they going to come back with a new name? New directors? New image? This is a movie we saw again.
Anyway this was a nasty Christmas present for the 100 passengers in destinations and the 4000 customers that made bookings with them.
My only advice to hotels and suppliers is to revise their collaborators, look at their contacts and make sure they have all the guarantees in place locally as well. Allbury Travel Group has never obtained any kind of licence in Cyprus for example and they had contracts with many hotels.
According to the Daily Telegraph there is more to that, it seems that the Greek Elias Elia, E-Clear's chief executive is understood to have a controlling stake in Allbury's parent company. Allbury has also been linked to the card-payment processor under examination by the administrators of Globespan.
PricewaterhouseCoopers is pursuing E-Clear to find out why the company held back more than £30m owed to Globespan, the owner of Flyglobespan.com, which operated flights from Scotland to holiday destinations such as Spain.
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