UK's third-largest tour operator collapses

Status
Not open for further replies.

bambbbam2

Active Member
Joined
Feb 13, 2005
Posts
857
UK's third-largest tour operator collapses - CNN.com

LONDON, England (AP) -- Thousands of British travelers were stranded Friday when the country's third-largest tour operator collapsed.


XL Leisure Group PLC went into administration overnight blaming volatile fuel prices, a sagging economy and its inability to secure more funding.


"All flights operated by the companies have been immediately canceled and the aircraft grounded," said a statement on the company's Web site.


XL Leisure's brands includes Kosmar, Freedom Flights, Aspire and medlifehotels.com.


British Transport Secretary Ruth Kelly said officials were working to arrange transportation home for travelers who are now abroad.


At Gatwick Airport, people expecting to go on holidays arrived to find that XL's aircraft were all grounded.


"We didn't find out about it until we got here. I'm pretty annoyed," said Graham White, 27, of London.


The Civil Aviation Authority (CAA) estimated there were 50,000 customers abroad who had booked through an XL tour operator, 10,000 on holiday with XL Airways, and 25,000 with other tour operators who shared the XL flights.

Some 200,000 customers had advance bookings with the XL tour operators, the CAA said
 
These guys also sponsor (or sponsored would be more accurate, I guess) the EPL team I follow, West Ham.

Makes me wonder how they're going to pay for the manager they hired yesterday.
 
Read our AFF credit card guides and start earning more points now.

AFF Supporters can remove this and all advertisements

Status
Not open for further replies.

Become an AFF member!

Join Australian Frequent Flyer (AFF) for free and unlock insider tips, exclusive deals, and global meetups with 65,000+ frequent flyers.

AFF members can also access our Frequent Flyer Training courses, and upgrade to Fast-track your way to expert traveller status and unlock even more exclusive discounts!

AFF forum abbreviations

Wondering about Y, J or any of the other abbreviations used on our forum?

Check out our guide to common AFF acronyms & abbreviations.
Back
Top