MyTravel seat-only business to be sold?
MyTravel’s seat-only schedule flight provider, Jetset Flights, could be the subject of a management buyout.
A spokesperson said the management team, led by commercial director, John Bond, have made a proposal which is being considered by MyTravel.
Jetset Flights sells flights through the trade and searches a GDS for seat-only schedule flight tickets from the UK with various carriers.
In another management buyout deal in December last year, MyTravel sold its coach holiday business, Sunway Travel Limited. Sunway is the parent company of Leger Holidays.
The struggling operator was given breathing space last week when bondholders voted overwhelmingly to extend the maturity date of the bonds, securing £221.6 million of debt until January 2007.
Read our previous stories:
16-Sept-2003 MyTravel secures financial lifeline
12-Sept-2003 Massive changes at MyTravel
19-Aug-2003 MyTravel close to finance deal
22-Jul-2003 MyTravel shares jump on finance announcement
17-Dec-2002 MyTravel sells Leger Holidays
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.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent