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.