MyTravel finally in the clear.
As reported on BBC 1 this morning (29/12/04), MyTravel is now in very strong financial shape, having written off £800 million of debts. So much for all the doom-sayers and their incorrect predictions over the past 2 years.
Mind you, the UK airline (MyTravel Airways) has shed too many experienced crew, at the behest of the banks. Now that the numbers are good financially, the airline is short of aircrew. So we move from from News to Rumours.
CTC are understood to be involved in sourcing new low-hours aircrew, starting Feb 05. The plan is allegedly to have trained people ready for the summer season. Meanwhile disenchanted experienced pilots continue to leave in droves, to the likes of Air Atlanta, Virgin, BA, easyJet, Thomas Cook, and probably Monarch in the near future. A handful have even resigned to move to Etihad, in Abu Dhabi, which truly smacks of desperation.