XL Chief Exec on the news channels currently talking at a press conference at Gatwick.
He claims that a debt of £143 million was not refinanceable.
Also he claims that he pleaded with the CAA to allow his aircraft to fly out and bring back those who are standed as part of the ATOL agreement but that the CAA refused and insisted that this is not acceptable. Other charters will be made.
He seems genuinely upset.