On-Air Now
Facebook

CityWing owes creditors £1.8m

Sat, 25 Mar 2017


A travel company that went into liquidation earlier this month owes its creditors more than £1.8m.

Virtual airline CityWing collapsed after the airline operating its flights was grounded following an incident on a flight between the Island and Belfast.

At a creditors meeting, the company outlined its debts, which includes £42,000 owed to the Manx Government.

CityWing revealed it has over £750,000 in the company's accounts, but still expects to have a shortfall of around £440,000 once it sells off its assets.


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed