The article in todays Sunday times, relates to a threat that the CAA (civial aviation autority) are possibliy going to take the licence off My Travel. This obviously would mean the end, and all this when they were just starting to get back on track.
To stop this happening they would have to cut debts by £800 million i think it was, which in my opinion is too much to do, but lets hope not.
come on Mytravel
http://business.timesonline.co.uk/article/0,,8209-1357381,00.html
By: cheesebag - 15th November 2004 at 12:45
Would this affect Lite?
By: cheesebag - 15th November 2004 at 12:45
Would this affect Lite?
By: Bmused55 - 15th November 2004 at 11:14
reassuring words 🙂
By: Bmused55 - 15th November 2004 at 11:14
reassuring words 🙂
By: MyTravel UK - 15th November 2004 at 11:13
Hi,
MyTravel Group will clear the £800m debt when the bond holders approve the debt for equity swap. MyTravel will then just remain with aircraft leasing fees to pay off.
Regards
MyTravel UK
By: MyTravel UK - 15th November 2004 at 11:13
Hi,
MyTravel Group will clear the £800m debt when the bond holders approve the debt for equity swap. MyTravel will then just remain with aircraft leasing fees to pay off.
Regards
MyTravel UK
By: EK. - 14th November 2004 at 21:47
Just as things where starting to look up 🙁 🙁
Good luck to MyTravel
By: EK. - 14th November 2004 at 21:47
Just as things where starting to look up 🙁 🙁
Good luck to MyTravel
By: MANAIRPORTMAD - 14th November 2004 at 21:42
Deary me, i do feel sorry for My travel…:(
By: MANAIRPORTMAD - 14th November 2004 at 21:42
Deary me, i do feel sorry for My travel…:(
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November 14, 2004 at 9:34 pm