Cox & Kings: ‘It’s business as usual’
Cox & Kings Travel (UK) has confirmed that it has not been affected by troubles at Cox & Kings (India), which has had its licence suspended by the International Air Transport Association (IATA).
UK marketing director Philip Hamilton-Grierson said the UK company is ‘fully operational’.
In a statement, he said Cox & Kings (India) is a separate business and Cox & Kings Travel (UK) has its own IATA licence, and is unaffected by the situation in India.
"It is therefore business as usual at Cox & Kings Travel (UK)," he added.
IATA suspended Cox & Kings (India) Billing and Settlement Licence after the Mumbai-based business defaulted on two debt payments.
In a statement issued to the India Stock Market, the company said it would continue to issue tickets on a cash and carry basis.
IATA said Cox & Kings defaulted on its BSP payment subsequent to its suspension from the BSP.
"IATA remains in dialogue with Cox & Kings to explore whether a resolution can be reached," said a spokesman.
Malvern Group, which is a holding asset of Cox & Kings, said it was unaffected by the news.
"As a business, we have a total booking value of £170 million and we continue to focus on delivering value to customers, partners and investors. Cox & Kings are a minority shareholder in the Malvern Group and we will not be looking for another."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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