The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
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There are ‘insufficient funds’ to pay unpaid wages, tax owed to HMRC and overdue bills, accountants say
Business
The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
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Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.
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Rolling coverage of the latest economic and financial news