Bondholders appeal against MyTravel restructure ruling
MyTravel bondholders have confirmed that they have lodged an appeal against rescue plans for the company.
The news came as MyTravel pushed back an egm for shareholders discuss its debt restructuring plans by four days to Christmas Eve.
The bondholders have notified MyTravel that they have applied to the Court of Appeal seeking permission to appeal against the proposed scheme of arrangement.
They are seeking to reverse a judge’s ruling that they had no interest in the group’s £800 million restructuring.
The troubled parent company of Airtours and Going Places had originally set the egm date for December 20 after winning High Court approval last week to go ahead with the rescue plan despite opposition from bondholders.
In a circular to shareholders MyTravel chairman Michael Beckett apologised for the delay to the egm but made no mention of whether the appeal by bondholders had influenced the decision.
He said: “The board recognises that for many shareholders December 24 may not be a convenient date.
“Unfortunately, it has simply not been possible to process the documentation quickly enough to call the meeting for an earlier date.
“The board apologises to shareholders but trusts that they will understand that it is necessary in order to meet the objective of restructuring by the end of the year.”
Report by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025