Rumours are abound at TC that the profit-making UK arm may be sold off but they are only rumours at the moment and nothing more. A management buyout is being mooted with venture capitalists involved.
The UK arm made over £30m last year and is targeting a profit of £55m this year. I personally would think that there would be potential buyers for a well-run operation making money.
That said, TC is employing Lufthansa group pilots this summer so I doubt any move to sell the UK arm off is imminent.
As for MYT, IMHO, the banks have committed so much to keeping them afloat that a debt for equity swap with further rationalisation of their operations is the likely outcome. The poor shareholder will be the victim as he is well down the pecking order in terms of debt priority.
My bet is they will be de-listed and taken private by the banks if they survive. Hope they do for everyones sakes.