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Old 29th Nov 2002, 16:56
  #194 (permalink)  
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So sky9 , do you think that MYT’s revolving overdraft has always constituted a “rescue” package. Has MYT been “rescued” every winter for the last 11 years? Like I said, nearly every tour operator/charter company uses an overdraft facility during the winter: do you think it’s fair to say that most tour operator/charter companies are constantly being “rescued” .

To a normal person, the term “rescue” conjures up the inaccurate image of MYT unforeseeably running out of cash and needing to secure some sort of extra loan from the banks. This is far from the true scenario of MYT simply renewing the revolving overdraft it’s always had .

The media might not report outright lies but their speciality is distorting truths to have the same effect as lies .
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