MyTravel to sell Cresta?
MyTravel has confirmed that it is planning to sell one of its businesses.
Reports in the national press suggest that short break operator, Cresta Holidays has been put up for sale.
A MyTravel spokesperson told TravelMole that it had received a lot of interest regarding the business and was in the process of following up leads.
One national newspaper suggested that First Choice and Ebookers could be among the interested parties. Speculation in industry press last year suggesting that lastminute.com was interested in the company, could also make it a contender.
The troubled operator sold its coach holiday business, Leger Holidays at the end of last year in a managment buyout aided by venture capitalists, 3i Plc.
Read our previous stories:
13-Jan-2003 MyTravel loses aviation chief
23-Dec-2002 MyTravel teams up with Comtec
17-Dec-2002 MyTravel sells Leger Holidays
11-Dec-02 MyTravel unveils 2003 campaign
03-Dec-02 MyTravel update
28-Nov-02 Jardine leaves MyTravel following ‘worst year in history’
28-Nov-02 MyTravel forward bookings ‘a cause for optimism’
26-Nov-02 MyTravel delays results
22-Nov-02 Lastminute records first profit
05-Nov-02 Comment on MyTravel, by Jeremy Skidmore
28-Oct-02 MyTravel tries to quell ‘consumer hysteria’
21-Oct-02 Carrick makes robust defence of MyTravel
18-Oct-02 Rivals consider switching off MyTravel
08-Oct-02 Byrne to leave MyTravel
30-Sept-02 MyTravel issues profit warning despite positive bookings
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