Distressed Assets Media Centre
25 March 2010
Highland Air into administration
Source: impactpub.com.au
Scottish airline Highland Airways has been placed in administration and has called in PricewaterhouseCoopers to take over the running of the business.
All flights have been cancelled and no further bookings are being taken.
The Civil Aviation Authority said operations had been suspended "with immediate effect."
The CAA said: "Whilst the administrator is reviewing the position, the company is not expected to resume services in the near future and is contacting passengers who were due to travel to advise them to make alternative arrangements."
It earlier had been hoped a new investor would help the firm survive.
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