Irish gambling website PaddyPower is taking bets on which airline is next to go bust. Gamblers are putting their money on Flyglobespan, the Edinburgh-based airline, as the next airline to go bust.

Flyglobespan has written an open letter to the media in response.

Dear xxxxxx,

Having spoken with you in the past on airline matters, I feel it is only appropriate that I write this letter to you to explain the Globespan’s Group current position and outlook in what is a difficult time for the airline sector.

I am delighted to say that, despite some negative comments and innuendo in a weekend media story, the company and the airline are extremely well positioned to see through the well documented problems facing the industry at present.

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