I think that Randall was correct, it was a rescue package. MyTravel are going into the winter without any money and needed credit. No company is entitled to credit from a bank and has to justify it. The banks took a view that the risk was worth the return (no doubt the cost reflected the risk) as by February the company will be relying on its overdraft to keep it afloat.
At least the rest of the industry won't be faced with another bout of selling below cost by MYT.
His comment was accurate.