MyTravel close to finance deal
MyTravel is reported in The Independent to be close to securing funding for a “three-year lifeline”.
The newspaper says MyTravel has secured backing from two-thirds of its bondholders for a crucial refinancing deal that will buy it a three-year lifeline. A final vote is due on 15 September.
Chairman Eric Sanderson told The Independent newspaper that while refinancing would buy MyTravel time to implement its turnaround strategy, “significant challenges” lay ahead.
For more information, see: http://news.independent.co.uk/business/news/story.jsp?story=435106
See our previous story:
22-Jul-2003 MyTravel shares jump on finance announcement
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.






























Airlines suspend Madagascar services following unrest and army revolt
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps