LONDON (AP) — Scottish airline Flyglobespan is filing for bankruptcy and its fights have been grounded, administrators appointed to help salvage the company announced yesterday.

Some 5,000 passengers due to fly abroad with the airline in coming days have been contacted, administrator PricewaterhouseCoopers said in a statement.

Flyglobespan's 10 aircraft served about a dozen destinations across Britain and Europe, as well as Orlando, Florida, and the Egyptian resort city of Sharm El Sheikh.

Most of the Edinburgh, Scotland-based company's 800 employees will be fired, PricewaterhouseCoopers said. A small number will stay on the payroll to help wrap up the company.

Flyglobespan was established in 1970 and provided flights and package vacations from Scotland's major cities of Glasgow, Edinburgh and Aberdeen.

PricewaterhouseCoopers said Flyglobespan's ability to raise money had been underminded by lenders' lack of confidence in the airline industry. It said last-ditch attempts to find funding in recent weeks had been unsuccessful.