If this is indeed a new airline set up by XL’s management, then it just shows how much confidence they have in their current airline !!??
According to the Travel Trade Gazette, XL had an operating loss of almost £24 million last year. It now transpires that Barclays have pulled XL’s fuel hedge finance. Couple that with the news that all of XL winter programme to the Carribean has been cancelled - it make you wonder what these “gentlemen” have in store for XL Airways ?? Sounds like a case of “raise the drawbridge – I’m in !”
Excel / XL were set up to cater for the independent travel trade and the model worked a treat. But now we have the likes of Easyjet and Ryanair selling seats at half of XL’s prices.
Shrewd business men know when to exit – hence Kiss Air
And no - it won't be a UK AOC
