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MMENCLLBAMAN
16th Jul 2010, 19:30
Travel Weekly:

Goldtrail Holidays has gone into administration with an estimated 16,000 people overseas.
CAA head of Atol licensing Andy Cohen confirmed the Turkey specialist had failed at about 18.00hrs on Friday evening, but said the authority was still "in the dark on detail".
"It went into administration only an hour ago and I came straight back into work," he told Travel Weekly. "We are requesting information as we speak."
Cohen said the failure was not on the scale of XL Leisure Group which collapsed in September 2008 leaving 60,000 holidaymakers overseas.
"We will be able to deal with this one in-house," he confirmed.
Speculation had been rife for some time that Goldtrail could be experiencing difficulties, but even Cohen, who only this month predicted a spate of failures this year (http://www.travolution.co.uk/articles/2010/07/05/3687/barclays-forum-travel-leaders-talk-taxes-atol-reform-and-consolidation.html), "particularly of operators to the Eastern Med", said the timing of company's demise had been "a shock for all of us".

niknak
16th Jul 2010, 21:03
I wonder if their demise was exaserbated by the fact that KTHY ceased flying earlier this week and the only other airlines who would have naything to do with Goldtrail, (Atlas Air and Flypig) both demanded cash up front for providing replacement flights to Northern Cyprus.

The way Goldtrail operated, by apparantly giving people the impression they could fly from many regional airports then, at the last minute moving all the flights to one or two major airports and coaching passengers there, was a particularly chaotic way of doing things, but they must have gained significantly from it.

I have sympathy for the customers and innocent employees, but it was only a matter of time and I hope that their methods are closely inspected and that lessons are learnt.

Travel Agent
16th Jul 2010, 21:08
Probably more likely the fact they have been selling holidays at between £69 B&B - £299 for all inclusive in July when they should be more like £299 / £499.... they have expanded to quickly, feel sorry for customers, staff of Goldtrail and agents such as myself who have the unwelcome distraction of sorting this mess out in one of our two peak months..... so soon after ash cloud as well!

TartinTon
16th Jul 2010, 21:29
Agents have supported these fly-by-night companies and have been more than happy to pocket the commission. They sell at well below cost, "ghost" flights from all sorts of airports and then end up changing peoples itineraries and airports at the last minute. If the trade refused to support these idiots then a lot of peoples holidays wouldn't have to be ruined so it's no good the trade bleating and whining about the mess they have to sort out as they've helped cause it in the first place through their own greed.

CabinCrewe
16th Jul 2010, 21:48
Yes a quick search reveals complaints to WatchDog, Which etc dating back to 2008 about Goldtrail. No wonder certain travel shops wanted nothing to do with them. Why was noone suspicious about £40 flights from Scotland to Turkey? Suppose its alright in hindsight and most of the travelling public are probably unaware of the goings-on and would just take a cheap deal. What airlines are contracted- Onur , Viking and Saga ?

airhumberside
16th Jul 2010, 21:50
Goldtrail had always operated what they offerred from HUY so it is a shame to see them go

Goldtrail had been using Turkuaz Airlines recently, though had earlier had plans to use Saga into HUY, and before that Onur Air (believe it was the same at LBA too)

threestable
17th Jul 2010, 20:31
Gold Trail holidays ceases trading. The below extract explains some background to the company formation:


"XL bosses reunite in Goldtrail Greece venture

Thursday, March 05, 2009


The former boss of XL-owned Kosmar has launched a new Greece programme for budget Turkey specialist Goldtrail Holidays – with flights from the airline connected to former XL chief Phil Wyatt.

Viking Airlines will operate 12 flights a week from Manchester airport and East Midlands airport to Greek islands, including Kos, Corfu and Rhodes.

Earlier this month the Icelandic franchise of Phil Wyatt’s new venture Black Pearl Investments took a 50% stake in Viking Airlines. The franchise is called BPI Iceland, with which Wyatt claims to have only an "arm's length relationship".

Former Kosmar managing director Abhi Dighe has devised the programme for Goldtrail, which is looking for more upmarket early-booking sales.

He said the new operation was working with a number of airline partners, including seat-only operator Kiss Flights, the trading name of Viking’s UK broker Meridian Aviation before it was sold to Flight Options. Kiss Flights was set up by former bosses of XL’s Freedom Flights.

“I aim to work with any airline offering capacity and flexibility in terms of rotations,” Dighe said.

“There are not many airlines that will work with independent tour operators, especially for high-season capacity.”

Dighe said talks were still under way about a brand for the new Greece operation, but there was a chance the Kosmar name could be revived."

Above a direct quote from Source ttglive from 2009.

So, it would appear that after the demise of the XL group, an airline (Viking) is created with very close links to the former XL Chief. A flight brokering company (Kissair - XL Freedom flights reborn...), is established who will sell seats for this airline to Goldtrail, a company created by the former management of Kosmar another XL subsidary that had collapsed. Legally, no doubt watertight but isnt this just a way to continue trading whilst not paying back the people you owe from your former 'trading' days? And guess what.....

Consider the Icelandic connections......... Ok lets not! Life's too short!

My thoughts go out to all affected, and to all with links to these companies. I really do wish somebody would take a long hard look at this history with its recurrent themes, and do something to stop the rot, if that is indeed the case.

There seems to be a common link here, a tearful one at that.

Then again just my view, which I believe in these enlightened times I am entitled to.
Happy for a healthy informed debate...

(Mods:- Information source accredited, and in the public domain. Neither unscrupulous, or sciolist.... just an interested party that would welcome other opinions - preferably informed.)

BOAC
17th Jul 2010, 20:56
This thread ( http://www.pprune.org/airlines-airports-routes/399168-flyglobespan-into-administration.html (http://www.pprune.org/airlines-airports-routes/399168-flyglobespan-into-administration.html) ) was closed a while back due to an outbreak of 'spotter-itis', but I have to say that once again a holiday company/airline goes bust and up pop the names Wyatt, XL, Viking, Iceland, Kiss, Meridian, Greece etc etc- uncanny or what? Just missing 'Cyprus'.................................

kilomikedelta
17th Jul 2010, 21:04
Aren't we supposed to go down on our knees in homage to those altruistic corporate lawyers who enable and facilitate these exemplary "entrepreneurs". They're happy, the "entrepreneurs" are happy, it's just the shareholders, aircrew and pax who don't understand the purpose of the industry.

protectthehornet
17th Jul 2010, 21:10
listen boys and girls. I am really sorry some of you are stuck, or might lose money.

but you bring it on yourselves. why not only do business with really first rate airlines that have been in business since before World War 2? you wanted a cheap fare, well, this is what happens.

and, the cheapo outfits make the first rate airlines cutback to compete. time to wake up folks.

but I do wish you all good luck.

threestable
17th Jul 2010, 21:31
Perhaps you missed the last 2 words of my post, but thank you for your contribution from all the 'boys and girls'. I didn't choose a holiday, I chose an employer. My post was to illicit responses about business practice, and circumstances surrounding this latest news, not for valuable advice on booking my next holiday (vacation). ;)

MILEHIGHBOY
17th Jul 2010, 23:22
i travelled with GoldTrail last year and had a fantastic holiday in a 4* hotel All Inc for £239! it was great value for money, flights were on time and hotel fantastic. whilst working as a travel agent i sold many of their holidays and had no problems. many people in the travel industry seem to rub their hands with glee when a smaller independent operator goes under. but why they offer more choice and value for money. people talk like TOM and TCX are saints when in fact they have exactly the same issues but because its a bigger Co - you dont hear about it as much thats all. were all aware of the court case in CFU earlier this year. very sad to see GoldTrail go! hope this wont have an impact on their chartered airlines:

OHY TRK SGX

Superpilot
18th Jul 2010, 07:19
What percentage of Onur's daily passenger loads into/out of the UK were Goldtrail's customers?

Travel Agent
18th Jul 2010, 08:28
The problem with Goldtrail is that many agents mis-sold them. Our firm have always advised that (the truth as Goldtrail would often admit themselves through flyers to agents) that these were cheap and cheerful holidays, if you want 5* luxury go and pay 5* luxury prices. However, we would never sell the holidays upfront as quite frequently they would cancel a large number of flights. We used them as a last minute option for anyone wanting a "cheapie". They drove down prices big style and as of yesterday holidays that were £150 with other ops quickly went back to £450!

They did what they said on the tin, if you want cheap food shop at Lidl, if you want luxury food shop at M&S..... same rubs off on the travel industry, you get what you pay for.

McAero
18th Jul 2010, 14:11
I've been lucky.

Arrived at Bodrum Airport in Turkey at 2.45am on Saturday morning (local time). Check in for our 5.45am Turkuaz flight back to Glasgow was due to open at 3am. We queued until 3.45am before check-in finally opened. Got through to the extremely expensive departure area. A 2 hour delay was on the board at 5.45am. News started to drip feed through from the UK that Turkuaz were bust. Got a text from home saying it was Goldtrail that were bust, so I called lowcostholidays (an agent on behalf of GT, who we booked through) who told us to call the CAA. I did this and were told to sit tight and our flight would be going to Glasgow. The flight from Glasgow finally arrived in Turkey (empty) and we departed at 10.45am.

We were hearing reports at the airport that some people were forced to pay for their accomodation before leaving as the hotels were not receiving money from GT.

I have never been so happy to get back home after a holiday.

On a positive note, I booked our holiday about a month ago. Yes, it was cheap and the flight was changed from Onur Air to Turkuaz just a few days before our departure but flight times were relatively similar. Flights were pretty crap, but I did do a lot of research and read a lot of reviews into the hotels on offer before committing. Our hotel was only 2* but definitely worth it for a week in the sun. Clean, central and friendly. Can't ask for much more!

The question is, will Onur Air and Turkuaz now follow GT into administration given that they will rely heavily on the business from GT?

Mc

CabinCrewe
18th Jul 2010, 14:25
Their UK operations are just a percentage of their European business so I hope they will be able to continue flying

EuroWings
18th Jul 2010, 14:53
I think Onur Air (OHY) will be fine as they have many other tour operators that charter them and also sizeable domestic scheduled sperations in Turkey. :ok:

As for Turkuaz Airlines (TRK) I would worry, they are a lot smaller and most (if not all) of their UK flights were for Goldtrail. They still have German, Dutch and Belgain tour operators that charter them though and a few Turkish charter operations...

As for Saga Airlines (SGX) , again they are also a worry! A small team and fleet, although they also do aircraft leasing for Turkish Airlines and others. The majority (but by no means all) of their UK flights were for Goldtrail, although I think Kiss Flights chartered them as well.

What we need is another firm to step in and replace the gap in capacity that Goldtrail has left. Hopefully supporting these airlines and the hotels..

TartinTon
18th Jul 2010, 16:05
What we need is another firm to step in and replace the gap in capacity that Goldtrail has left. Hopefully supporting these airlines and the hotels..

No, what we need is for firms to stop selling holidays below cost and for people to realise that there is a market price for holidays below which it's not feasible for companies to make any money.

Everyone quoting on here about how cheap their holiday was, I have one question. Whould you have paid £100 per person more for the same holiday with the same operator?

It's a rhetorical question....and that's why the company is bust and why a few more thousand people will now have to pay significantly more for the same holiday if they still want to go.:ugh::ugh::ugh:

EuroWings
18th Jul 2010, 16:25
No, what we need is for firms to stop selling holidays below cost and for people to realise that there is a market price for holidays below which it's not feasible for companies to make any money
Goldtrail were at times a cheap operator, so what? Ryanair sell some flights below cost, and dont make money on them. However they make it up on other more expensive flights, which is what goldtrail did. Not all flights or holidays were sold below cost at Goldtrail, some were rather expensive in season. Whatever the failings of the management to run the company, selling below cost at times is common in many tour operators

Goldtrail supported hotels and airlines. Their flight only business was very big and popular, to the point that they were chartering their own flights. What I want is for these ventures to continue and stay in business. Is that such a bad thing? Turkey is a very popular place and these businesses could do with another firm to replace some of the the business lost by goldtrail. Thomson and Thomas Cook are not saints you know, if they are left to their own devices (especially for flights) prices will rocket for all.

It's a rhetorical question....and that's why the company is bust and why a few more thousand people will now have to pay significantly more for the same holiday if they still want to go.:ugh::ugh::ugh:Goldtrail did sell too cheap at times, they gambled and it did not pay off. Peoples holidays will be affected, yes, but remember XL, people will get over it and life has to move on. Except for the poor staff who are affected the most....

DownIn3Green
18th Jul 2010, 23:33
3Stable...Well Said...

Ian Brooks
19th Jul 2010, 08:28
Simon Chowder I hope you are on holiday when your operator goes bust sometime!
I find your comments totally unwanted as it is a horrible time when you loose a holiday
like that when you have saved and skimped all year for that well earned break and it can be seen that the people that have gone for the cheap option are struggling anyway
also the uncertainty of finding that your tour operator has gone bust whilst you are away
is wrecks the holiday as you cannot do anything but worry about getting home and will you get charged for the hotel with in many cases no way of paying.

I worked in travel for 30 years and was always the thing you dreaded happening
as so many people were left in the S**t and it was a very stressful time for the agents
and couriers as quite often the abuse was dumped on them and not the management


Ian B

Evanelpus
19th Jul 2010, 09:11
No great loss about time some capacity was culled

Chowder - You really are an arse and I suspect, a troll of the first order.

Go back to spotting and promise you'll only come back when you have something constructive to say, which hopefully will be never.

It's a dreadful time for Goldtrail to go bust, the Scottish holidays are already underway and English schools break up this week. I feel so desperately sorry for anyone who has used Goldtrail for their two weeks in the sun this year.

EGNT
19th Jul 2010, 09:17
Chowder - You really are an arse and I suspect, a troll of the first order.

Why is he still here, that's what I want to know. He's been banned/unbanned enough times, maybe enough is enough.

purplehelmet
19th Jul 2010, 09:34
im at a loss trying to understand why chowder has posted such comments again,i seem to remember his delight when globespan failed, no thoughts given to the many thousand's of people this has affected,not only the holiday makers who have lost out but people across the industry in general,this from someone who claims to work in the industry:ugh:
so come on chowder stop hiding behind your screen and explain yourself.

eastern wiseguy
19th Jul 2010, 10:54
chowder......total waste of bandwidth. Mods please consider what this individual is saying. Cull the jobs of hard working professionals in our industry. Do we need him?.

Robert William
19th Jul 2010, 11:22
Some times its only the cheap holidays people can afford, And sometimes people take the jobs that they can this does not make them ill informed, Some people have obviously never had to struggle along. After just ten years in this industry i have seen many tour ops and airlines go for many different reasons of all diffrent sizes. I personally think that no one deserves to loose their jobs or holidays come to that due to misfortune. I also believe that people have no right to make comments like they have made. What they also forget is is like some one pointed out before the bigger effect on other companies such as the airlines chatered and the handling agents involved the hoteliers the travel agents. In this industry if just one small link is broken we ALL get affected and it is a worry to us all in a industry that is already fragile. We also have to remember that no one is immune from the knock of the administrator it can happen to any company or person.

Spotter LBA
19th Jul 2010, 11:23
Can you back this up Chowder that the Turkish and Greek holiday markets have too much capacity?:confused:

CabinCrewe
19th Jul 2010, 11:34
Nothing to officially to back it up, but selling £199 2 week all inclusive holidays and £40 single flights suggests extra capacity requiring to be filled.... If there was lots of demand and not enough capacity they could be charging much more expensive prices. Its the same old predictable story....

PPRuNe Pop
19th Jul 2010, 11:53
simonchowder is now persona non-grata.

PPRuNe Pop
19th Jul 2010, 13:46
CAA Steps In To Protect Customers of Goldtrail Travel Limited | CAA Newsroom | CAA (http://www.caa.co.uk/application.aspx?catid=14&pagetype=65&appid=7&newstype=n&mode=detail&nid=1902)

purplehelmet
19th Jul 2010, 17:46
itv news reporting of goldtrail customers being asked to pay for their rooms again by turkish hotel owners or being thrown out of the hotel,the owners are saying that they dont belive they will be payed by abta,or atol,some people have payed them others have had passports confiscated.
(is that legal ?)

tommyc2005
19th Jul 2010, 21:21
Someone earlier mentioned XL, Wyatt, Kiss etc keep coming into the equation in these events.

Just to add a bit of fuel to the fire, it was only last week that Kiss announced a programme from STN to Turkey for the last 2 months of the season. I thought this to be a bit strange, an extra flight or two in the peak season you could understand, but September and October?!

Was this the action of a business that knew somehow a huge chunk of capacity was about to disappear from the market?

mathers_wales_uk
19th Jul 2010, 21:57
There was an article today where a Welsh family had the same issue.

A hotel / apartment manager came into the room in the middle of the night and confiscated the passport for ransom of approx £400. The police were called and issue resolved.

The main issue is that the hotels / apartments do not understand the compensation procedure. The CAA has provided an overseas contact number for hotels/apartments with Goldtrail customers to receive more information on their compensation package.

Looking at the revised schedule published on the CAA website it seems that SAGA airlines and Viking are no longer prepared to operate the repatriation flights from Turkey and seem to be mostly replaced by Onur Air. The same applies to Greece where Monarch, Jet2 and Thomas Cook are operating some repatriation flights.

Mr @ Spotty M
20th Jul 2010, 04:31
I can add one fact, we were recently told that the Greece market is well down this year, plenty of spare capacity because of all the troubles reported in the press.

flybar
20th Jul 2010, 05:12
Looking at the revised schedule published on the CAA website it seems that SAGA airlines and Viking are no longer prepared to operate the repatriation flights from Turkey and seem to be mostly replaced by Onur Air. The same applies to Greece where Monarch, Jet2 and Thomas Cook are operating some repatriation flights.


Jet2 to EMA is using spare capacity on the flight for Goldtrail passengers. It is not an additional flight.

Danmadole
20th Jul 2010, 07:33
A Monarch flight arrived into Aldergrove at 8am this morning from Heraklion. Was this a repatriation flight as they have no routes from BFS this summer that I am aware of? Viking normally do the Crete flight.... did Goldtrail use it?

The Onur Air flight from Belfast to Dalaman this morning is the only outbound flight that has operated with pax to Turkey since Friday (aside from TCX/TOM). All other Onur, Saga, Turkuaz services lost... approximately 7 rotations in total. Quite a lot of people disappointed.

This must be hard on Turkuaz in particular - hopefully they have enough work elsewhere.

VOM1T
20th Jul 2010, 08:01
Why do ATOL companies who appear to have similar roots (not routes) go bust in peak season when I would have thought that they have maximum cash flow from future bookings paid in advance, who decides when to pull the plug and why now ?

Groundloop
20th Jul 2010, 08:23
Why do ATOL companies who appear to have similar roots (not routes) go bust in peak season when I would have thought that they have maximum cash flow from future bookings paid in advance

It's exactly the opposite. They have already spent the money from advance bookings and very little new money is coming in as relatively few people book holidays at this tiem of year.

Captain Lampshade
20th Jul 2010, 10:08
Groundloop - relatively few people book holidays at this time of year. - you obviously have no understanding of the current marlet place. Over the last two years the booking profile has changed dramatically. Where you received the bulk of your bookings in Jan /Feb time this is no longer the case. Yes you do take bookings but not to the level of previous years, increasingly people are booking later and later and the vast majority are looking for a cheap deal.

Hadenough -
1/ I believe Goldtrail had been operating well before the demise of XL and anyway didnt this Director leave Goldtrail about a year ago, ?

2/ I understand from recent events that Goldtrail were a customer of Viking as are a number of other UK tour operators, if another one went bust would Viking be responsible for that?

3/ If that is the case your point is?

4/ you are totally correct!

WHBM
20th Jul 2010, 11:45
What does the CAA/ATOL licencing of holiday operators actually do to oversee such situations ? Surely they require operators to provide them with cash flow forecasts for cash in and out looking forward, and then require actual reports to show reality is conforming. If a problem seems to be arising you move on to doing this each week, and ultimately every day, ensuring there is always a buffer of cash available.

It's not rocket science, just straightforwardly what happens elsewhere in the financial world. In this was you can manage things before they get out of control. Isn't that what the whole ATOL scheme was meant to do in the first place ?

renort
20th Jul 2010, 13:09
No, what we need is for firms to stop selling holidays below cost and for people to realise that there is a market price for holidays below which it's not feasible for companies to make any money.

Everyone quoting on here about how cheap their holiday was, I have one question. Whould you have paid £100 per person more for the same holiday with the same operator?


An idealistic viewpoint, that somehow doesnt sit well with the fact that your current employer also cannot get its sums right in that regard, but is fortunate that its losses can be accommodated by your shareholders personal wealth.

Would you refuse to pay the discounted price for a TV, and instead stump up an extra £100 to ensure some poor guy in Korea doesnt lose his job?

VOM1T
20th Jul 2010, 14:23
Further to my earlier post, an accountant friend has just pointed out to me that if a company has an overdraft, then the best time to pull the plug is when cash flow is at its highest, thereby reducing borrowings to a minimum and effectively using the most number of payments for future holidays to offset previous losses and debts to banks.. seems immoral .. but I'm a driver not a numbers jockey.. any thoughts from more qualified ppruners ?

Spotter LBA
20th Jul 2010, 14:25
A Turkuaz aircraft was blocked in shortly after landing at LBA this morning by the airport fire engines due to non payment to the airport. Payment must have been made as aircraft has since departed back to Bodrum. Is this signs of what is to come of another airline?? I hope not.

WHBM
20th Jul 2010, 15:20
Further to my earlier post, an accountant friend has just pointed out to me that if a company has an overdraft, then the best time to pull the plug is when cash flow is at its highest, thereby reducing borrowings to a minimum and effectively using the most number of payments for future holidays to offset previous losses and debts to banks.. seems immoral .. but I'm a driver not a numbers jockey.. any thoughts from more qualified ppruners ?
This is correct. From the point of view of the person chasing their money which is overdue and likely to disappear for ever it is the sensible thing to do.

UK car dealers used to be prone to this, in the days when there was one registration change per year on August 1, and a peak of deposits put down with dealers in the months/weeks leading up to the change date, it was common for the banks, or the Inland Revenue, whoever was overdue their money, to go for winding-up proceedings on July 31.

For the UK tour industry, although the days when large numbers would book many months before departure are now history, this has been offset by the old practice of deposit with booking and final payment 8 weeks (or whatever) before departure disappearing as well. I can't remember the last time I bought any travel where it wasn't full pament with booking. So there is still a seasonality of cash flow which rises to a high point in early summer and then drops off through the rest of the year.

Quite why the CAA has never required proper compulsory Escrow of holiday monies paid to their licenced ATOL holders I am not sure. You can set the Escrow up so the interest on the monies in there (not a lot of interest nowadays, another problem) still goes to the operator.

flybar
20th Jul 2010, 18:26
Capacity

I can add one fact, we were recently told that the Greece market is well down this year, plenty of spare capacity because of all the troubles reported in the press.


Plenty of evidence of this.
If you look at the CAA Programme to return people from KOS they have managed to do it by taking spare capacity on Jet2 to replace 1 flight and combining 4 Viking Flights into 1 Monarch aircraft.
Clearly the number of Goldtrail passengers is not high!

commit aviation
20th Jul 2010, 19:46
Interesting point Flybar:
I know Goldtrail had about 16,000 holidaymakers in resorts & I think I read somewhere around 50,000 booked holidays (I may be wrong with the second figure.)
If that is the case it does suggest very few forward bookings if you bare in mind they had already launched Summer 2011 on their website.
Sure - not many people will have booked that far ahead but even so....

purplehelmet
20th Jul 2010, 20:19
is there a reason why they always seem to announce that a firm has gone bump on friday afternoon/evening or is it just coincedence?

David Sharpe
20th Jul 2010, 20:35
Once all of the Goldtrail customers are finally home, do we know roughly how many weekly flights will be lost from the schedules. In terms of Turkey, I am guessing that the additional flights that have been operating into Scotland and Northern Ireland since the end of June will shortly have been moving South to co-incide with the start of the School Holidays in UK commencing this weekend. I know a few additional flights have been appearing on arrivals and departure boards at airports like Newcastle, Humberside, Leeds, Luton, etc, in the last couple of weeks which will now presmably be lost ? Is it true that most of the flights into Greece appear to have operated on Viking Airlines ? As mentioned earlier, it appears that Viking Airlines are not carrying out the repatriation flights, although the flights still appear to be operating (presumably for Kiss Flights) so presumably there will not be any loss of movements into and out of Greece ?

mathers_wales_uk
20th Jul 2010, 23:27
Cardiff have lost 5 weekly flights in the demise of Goldtrail which means approx 1,000 passengers a week each way for summer season only.

Turkuaz x 2 weekly
Onur Air x 1 weekly
SAGA x 2 weekly

For an airport the size of Cardiff it will have more of an impact compared to some of the larger airports.

transwede
21st Jul 2010, 09:29
NCL has lost 5 departures per week due to the demise of Goldtrail - some would say it is a significant number to loose.

Travel Agent
21st Jul 2010, 09:59
In response to the earlier post, Goldtrail had been trading since 1998. The former boss of Kosmar (an XL company) set up the Greek operation but left soon after.