City Link Travel Services Ltd, a Manchester-based company which offered flights to the public at discounted prices, was put into provisional liquidation on public interest grounds on 15 October 2013 by the High Court in Manchester.
The order follows a petition presented by the Secretary of State for Business, Innovation and Skills and an investigation by the Insolvency Service. The Official Receiver has been appointed as Provisional Liquidator.
The company marketed flights to members of the public through a combination of its websites, telesales, text messaging and emails. Customers made advance payments to City Link Travel Services Ltd for airline tickets which the company then failed to supply.
The role of the provisional liquidator is to protect assets in the possession of or under the control, of the company pending the determination of the petition. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession of or under the control of the company.
The case is now subject to High Court action and no further information will be made available until the petition is heard in the High Court on 3 January 2014.