Enron collapse may have implications for Airtours
Enron’s collapse may force Airtours to review its use of Andersen as the company’s auditors at its annual general meeting in Manchester this week.
It follows Andersen’s role in the collapse of US energy giant Enron. At the meeting on Thursday Airtours shareholders will be asked to approve the reappointment of Andersen, but some have already indicated they are unwilling to do so.
According to reports on ft.com, corporate governance consultancy Pirc is calling on its clients to oppose the reappointment of Andersen. Pirc has expressed concern about the fact that Airtours finance director David Jardine was a partner at Andersen until March 2000 before joining Airtours later in the year.
An Airtours spokeswoman told TravelMole that the company is satisfied with the service provided by Andersen, saying it provides “good value for money” and added that David Jardine’s appointment had been subject to “rigorous scrutiny.”
Airtours shareholders will also vote on the proposed name change to MyTravel at this week’s meeting.
For TravelMole users interested in the effect of Enron’s collapse on the accountancy profession, read: Enron: The story so far
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 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt