State of play at MyTravel/Kestrel
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stevebeevo,
may not have been as wrong as first thought.
Airtours operated flights to Palma, Malaga and Crete are cancelled due to lack of demand. Libra taking over Crete capacity, Palmair still operating the other two routes.
So routes not lost but Airtours not operating them.
may not have been as wrong as first thought.
Airtours operated flights to Palma, Malaga and Crete are cancelled due to lack of demand. Libra taking over Crete capacity, Palmair still operating the other two routes.
So routes not lost but Airtours not operating them.
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MYT has announced two new non-executive Directors, who would have hardly joined if My Travel was about to disappear. Plus one of them has anounced he has bought 100k of MY Travel shares.
MyTravel Group plc
The Board of MyTravel Group plc announces that Mr David Allvey and Mr Roger
Burnell will join the Board as non-executive directors with immediate effect. In
addition, Mr Allvey will assume the role of Chairman of the Audit Committee.
Mr Allvey was until December 2000 Group Finance Director of Barclays Bank PLC
and is currently a non-executive director of several companies and a member of
the UK Accounting Standards Board. He has both executive and non-executive
board level experience gained over many years in major international companies
in the UK, Europe and North America.
Mr Burnell has substantial experience of the vertically integrated tour
operating industry, spending 25 years with Thomson Travel Group rising to Acting
Chief Executive Officer in 1999.
Mr Eric Sanderson, Chairman of MyTravel Group plc, commented:
"I am delighted to welcome David Allvey and Roger Burnell to our Board. David's
strong accounting financial background and Roger's extensive travel industry
experience will complement the skills of our other non-executive directors. I am
sure that they will play a valuable role in helping us to restore the fortunes
of our Group."
For the purposes of Rules 16.3 to 16.5 of the Listing Rules, the Board of
MyTravel Group plc confirms that Roger Burnell has an interest in 110,785
ordinary shares of 10p each registered in the name of his wife.
Save as set out above, there are no matters relating to Mr Allvey or Mr Burnell
which fall for disclosure under paragraphs 6.F.2 (b) to (g) of the Listing
Rules.
ENDS
Enquiries:
MyTravel Group plc 0161 232 6501
Eric Sanderson
Brunswick 020 7404 5959
Fiona Antcliffe/Sophie Fitton
Notes to Editors:
David Allvey was formerly Group Finance Director of Barclays Bank plc, BAT
Industries plc, Allied Zurich plc and was C.O.O. of Zurich Financial Services
A.g. His current other
non-executive roles include Britannic Group plc, Costain Group plc, Intertek
Testing Services plc and William Hill plc.
Roger Burnell worked for Thomson Travel Group plc from 1975-2000 and was
latterly Acting Chief Executive Officer of that group having previously been
Chief Operating Officer. Prior to that he had been Managing Director of its
Horizons Holidays Ltd, Lunn Poly Ltd and Britannia Airways Ltd businesses. He
is currently non-executive Chairman of International
Life Leisure Group Ltd, and non-executive Chairman of The First Resort Ltd. He
is also a non-executive director of The Home Form Group Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
MyTravel Group plc
The Board of MyTravel Group plc announces that Mr David Allvey and Mr Roger
Burnell will join the Board as non-executive directors with immediate effect. In
addition, Mr Allvey will assume the role of Chairman of the Audit Committee.
Mr Allvey was until December 2000 Group Finance Director of Barclays Bank PLC
and is currently a non-executive director of several companies and a member of
the UK Accounting Standards Board. He has both executive and non-executive
board level experience gained over many years in major international companies
in the UK, Europe and North America.
Mr Burnell has substantial experience of the vertically integrated tour
operating industry, spending 25 years with Thomson Travel Group rising to Acting
Chief Executive Officer in 1999.
Mr Eric Sanderson, Chairman of MyTravel Group plc, commented:
"I am delighted to welcome David Allvey and Roger Burnell to our Board. David's
strong accounting financial background and Roger's extensive travel industry
experience will complement the skills of our other non-executive directors. I am
sure that they will play a valuable role in helping us to restore the fortunes
of our Group."
For the purposes of Rules 16.3 to 16.5 of the Listing Rules, the Board of
MyTravel Group plc confirms that Roger Burnell has an interest in 110,785
ordinary shares of 10p each registered in the name of his wife.
Save as set out above, there are no matters relating to Mr Allvey or Mr Burnell
which fall for disclosure under paragraphs 6.F.2 (b) to (g) of the Listing
Rules.
ENDS
Enquiries:
MyTravel Group plc 0161 232 6501
Eric Sanderson
Brunswick 020 7404 5959
Fiona Antcliffe/Sophie Fitton
Notes to Editors:
David Allvey was formerly Group Finance Director of Barclays Bank plc, BAT
Industries plc, Allied Zurich plc and was C.O.O. of Zurich Financial Services
A.g. His current other
non-executive roles include Britannic Group plc, Costain Group plc, Intertek
Testing Services plc and William Hill plc.
Roger Burnell worked for Thomson Travel Group plc from 1975-2000 and was
latterly Acting Chief Executive Officer of that group having previously been
Chief Operating Officer. Prior to that he had been Managing Director of its
Horizons Holidays Ltd, Lunn Poly Ltd and Britannia Airways Ltd businesses. He
is currently non-executive Chairman of International
Life Leisure Group Ltd, and non-executive Chairman of The First Resort Ltd. He
is also a non-executive director of The Home Form Group Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
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Excellent...on top of this news, loads are high, staff morale is good, and MYT shares are on the up..close this thread now, or at least edit it's destructive title, which smacks of competitor spin to me.
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I am sure that it cannot be pleasant to read of your employers impending demise but the bottom line of this thread is its title...The end of MYT.
The pure and simple facts of this subject are that MYT has the next six months to prove to its (very impatient) bankers that it can make a profit. I hope that it does and that it survives.
However the more unpalatable fact is that the UK currently has too much IT capacity chasing a totally static (unexpandable) market. The demise of one of the four major players would rationalise the market for the next decade and provide some much needed stability.
I do not wish redundancy on anyone, and having been in the industry for over twenty years I am not unfamiliar with the experience, but reality is simple, MYT may not be here next year if the bankers feel that the end of the road has come, just because a couple of non-executive directors role up and buy some very cheap shares is not going to make a jot of difference.
Mr Roger Burnell is very well known to all who were in Britannia in the late eighties. Remember 'Flight Plan for the Nineties'? (I still have the video). By any other name this was a major hatchet job that centred on degrading pilots working conditions and internal corporate respect whilst promoting the senior cabin crew to feel that they were the true aircraft commanders whilst also seeking major cuts across the airline before he wandered off to higher things within Thompsons. In other words you've got yourself a 'hatchet man' who doesn't like pilots. I would brace for some major 'rationalisation' if he gets any influence in decision making.
I wish all in MYT the greatest of luck, but talking yourselves out of reality on this thread is to deny yourselves the truth.
The pure and simple facts of this subject are that MYT has the next six months to prove to its (very impatient) bankers that it can make a profit. I hope that it does and that it survives.
However the more unpalatable fact is that the UK currently has too much IT capacity chasing a totally static (unexpandable) market. The demise of one of the four major players would rationalise the market for the next decade and provide some much needed stability.
I do not wish redundancy on anyone, and having been in the industry for over twenty years I am not unfamiliar with the experience, but reality is simple, MYT may not be here next year if the bankers feel that the end of the road has come, just because a couple of non-executive directors role up and buy some very cheap shares is not going to make a jot of difference.
Mr Roger Burnell is very well known to all who were in Britannia in the late eighties. Remember 'Flight Plan for the Nineties'? (I still have the video). By any other name this was a major hatchet job that centred on degrading pilots working conditions and internal corporate respect whilst promoting the senior cabin crew to feel that they were the true aircraft commanders whilst also seeking major cuts across the airline before he wandered off to higher things within Thompsons. In other words you've got yourself a 'hatchet man' who doesn't like pilots. I would brace for some major 'rationalisation' if he gets any influence in decision making.
I wish all in MYT the greatest of luck, but talking yourselves out of reality on this thread is to deny yourselves the truth.
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Alberts:
I'd like to quote you on something you once said about your own company/management:
As for what the company is like to work for then you will find a reasonable flight deck management, who's hearts are essentially in the right place, being squeezed by the balls by the board of First Choice through their lackies to reduce costs and safety to the point where the pilots and cabin crew are now so demoralised that any attempt to 'get the job done' comes from fear of retribution from above or a mild sense of duty to the passengers rather than company good will.
If you have problems at your own place of work, please don't "dump them" on MYT people.
The MYT people seem to be making a supreme effort, from the top-down. Don't knock them for that!
You seem to think that people can just "walk-out" of one company, and into another, with the same or even better terms and conditions. Get real, life isn't like that, and all of the MYT people I know are impressed with the efforts that the new management are making.
And, if you want to see "very impatient bankers", go and look in Germany...but, of course, the British Press wouldn't even know where to even find Germany on a map, would they?!!
I'd like to quote you on something you once said about your own company/management:
As for what the company is like to work for then you will find a reasonable flight deck management, who's hearts are essentially in the right place, being squeezed by the balls by the board of First Choice through their lackies to reduce costs and safety to the point where the pilots and cabin crew are now so demoralised that any attempt to 'get the job done' comes from fear of retribution from above or a mild sense of duty to the passengers rather than company good will.
If you have problems at your own place of work, please don't "dump them" on MYT people.
The MYT people seem to be making a supreme effort, from the top-down. Don't knock them for that! You seem to think that people can just "walk-out" of one company, and into another, with the same or even better terms and conditions. Get real, life isn't like that, and all of the MYT people I know are impressed with the efforts that the new management are making.
And, if you want to see "very impatient bankers", go and look in Germany...but, of course, the British Press wouldn't even know where to even find Germany on a map, would they?!!
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FMGS:
As is so usual of the open forums in PPRuNe when someone posts something that goes against the grain of the 'cuddly warm' feeling that purveys amongst the majority, the poster is villified and personally insulted in such a way that the thread becomes a personal slanging match. This of course goes a long way to show professional pilots in their worst light to anyone viewing the profession from outside. Well done FMGS for upholding the finest tradition of PPRuNers.
I am not going to rise to your post, or comment on the supposed diatribe that you say came from me. Suffice to say that my points about MYT were factual, accurate and are simply the truth. You will be out of work in six months if the banks so decree it...... that has nothing to do with how hard you work, how nice you all are to each other or to the management. I cast no insult on any employee of MYT and resent your accusation that I have. If however you do not enjoy reading the truth then don't shoot at me for telling it to you.
As is so usual of the open forums in PPRuNe when someone posts something that goes against the grain of the 'cuddly warm' feeling that purveys amongst the majority, the poster is villified and personally insulted in such a way that the thread becomes a personal slanging match. This of course goes a long way to show professional pilots in their worst light to anyone viewing the profession from outside. Well done FMGS for upholding the finest tradition of PPRuNers.
I am not going to rise to your post, or comment on the supposed diatribe that you say came from me. Suffice to say that my points about MYT were factual, accurate and are simply the truth. You will be out of work in six months if the banks so decree it...... that has nothing to do with how hard you work, how nice you all are to each other or to the management. I cast no insult on any employee of MYT and resent your accusation that I have. If however you do not enjoy reading the truth then don't shoot at me for telling it to you.
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TANGO
WHISKY
ALPHA
TANGO
Alberts:
If you don't have anything constructive to say, then why bother....
Your "insight" into how well MYT are doing, or not, is plain ignorant.
At least people are making an effort to try and get themselves out of the troubles the company has been in.
Personally, I hope you never find yourself in their position... you will talk yourself out of a job at the first hurdle.
Good luck all at MYT, but then, we are all going to need it...not just you guys !
WHISKY
ALPHA
TANGO
Alberts:
If you don't have anything constructive to say, then why bother....
Your "insight" into how well MYT are doing, or not, is plain ignorant.
At least people are making an effort to try and get themselves out of the troubles the company has been in.
Personally, I hope you never find yourself in their position... you will talk yourself out of a job at the first hurdle.
Good luck all at MYT, but then, we are all going to need it...not just you guys !
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Well said, 'fmgs', I couldn't agree with you more! 
Alberts Growbag:
'fmgs' didn't personally insult you, unless, of course, his quote is untrue. But, as you well know, it's a direct quote from one of your postings, isn't it?
I did a search, just as 'fmgs' must have done, and came up with this:
http://www.pprune.org/forums/showthr...threadid=73308
So, since you are "...not going to rise to your post, or comment on the supposed diatribe that you say came from me," let me comment on your behalf: Truth is everywhere; the truth will always find liars. And you have been "found-out".
The post from 'fmgs' contained facts, something that neither of your postings have. 'fmgs' didn't resort to any form of vitriol, or name-calling; his/her post was considered and to the point.
Seeing as you don't like "cuddly", let me say this; Please don't throw about the stuff that is in the second part of you name, it makes the room so untidy!
Good luck to all at MYT, people like 'Alberts' will always find their comeuppance!
Alberts Growbag:
'fmgs' didn't personally insult you, unless, of course, his quote is untrue. But, as you well know, it's a direct quote from one of your postings, isn't it?
I did a search, just as 'fmgs' must have done, and came up with this:
http://www.pprune.org/forums/showthr...threadid=73308
So, since you are "...not going to rise to your post, or comment on the supposed diatribe that you say came from me," let me comment on your behalf: Truth is everywhere; the truth will always find liars. And you have been "found-out".
The post from 'fmgs' contained facts, something that neither of your postings have. 'fmgs' didn't resort to any form of vitriol, or name-calling; his/her post was considered and to the point.
Seeing as you don't like "cuddly", let me say this; Please don't throw about the stuff that is in the second part of you name, it makes the room so untidy!
Good luck to all at MYT, people like 'Alberts' will always find their comeuppance!
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Ummm....
Point is EPRMan...
That I am getting sick and tired (as I am sure many others on this forum are) of people who are only too keen to run companies and people down with absolutely no regard as to the damage they may be causing.
Certain individuals seem to almost get a sick gratification to promote their "I am in a better situation than you" attitude.
That I am afraid has NO EXCUSE
God forbid we end up in a situation that causes a company, any company to fold, but for people to come on here and profess to know what is going to happen is ignorant. THEY DON'T.
"Gutter language"...maybe....and yes if Alberts was in the same room,pub or whatever and spouted off as he did then... YOU CAN BET YOUR AR*E I WOULD TELL HIM TO HIS FACE... so get off your high horse and get a life !
Point is EPRMan...
That I am getting sick and tired (as I am sure many others on this forum are) of people who are only too keen to run companies and people down with absolutely no regard as to the damage they may be causing.
Certain individuals seem to almost get a sick gratification to promote their "I am in a better situation than you" attitude.
That I am afraid has NO EXCUSE
God forbid we end up in a situation that causes a company, any company to fold, but for people to come on here and profess to know what is going to happen is ignorant. THEY DON'T.
"Gutter language"...maybe....and yes if Alberts was in the same room,pub or whatever and spouted off as he did then... YOU CAN BET YOUR AR*E I WOULD TELL HIM TO HIS FACE... so get off your high horse and get a life !
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Actually, I think 'mondriver' picked-up the tone of the last few posts very nicely....nice-one, 'mon'. 
As he said, all of us in the charter/IT business are going to need a load of luck this summer, and good management ... loads of good management.
And, seeing as 'Alberts' is so convinced that he is a truthful soul, I'm glad I don't work at his place!
*Gets swept away by the torrential Gutter*
As he said, all of us in the charter/IT business are going to need a load of luck this summer, and good management ... loads of good management.
And, seeing as 'Alberts' is so convinced that he is a truthful soul, I'm glad I don't work at his place!
*Gets swept away by the torrential Gutter*
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Mr Growbag
Qualified snipers will tell you that it is usually best to identify a single target and concentrate on that rather than to select several at once. The above quote is factually incorrect and gratuitously offensive: It doesn't strengthen your argument about MyT, but does make you appear immature. I' sure that wasn't the intent. If you have an issue with Cabin Crew, as would appear to be the case, then the BAL forum, or the Chief Pilot might be more suitable areas to air your grievances.
I have never met any crew member (except you) in Britannia that has misunderstood the chain of command. Take it outside.
...whilst promoting the senior cabin crew to feel that they were the true aircraft commanders
I have never met any crew member (except you) in Britannia that has misunderstood the chain of command. Take it outside.
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MissChief
unless nightflite01 has a load of MYT shares to get rid off, as a controller at Manch, I am sure he has no competitive spin to his posting. He is only trying to clarify romours we hear about companies going under. We hope you all stay afloat to give us another hectic summer.
unless nightflite01 has a load of MYT shares to get rid off, as a controller at Manch, I am sure he has no competitive spin to his posting. He is only trying to clarify romours we hear about companies going under. We hope you all stay afloat to give us another hectic summer.
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To all who have posted messages of support for MYT many thanks! To the rest of you who knows what the future holds for us or any other company in the UK. So do us all a favour and keep your speculation to yourself, it helps no one.
MYT is not the only company having problems at the moment and may well survive when others fail. I sincerely hope we are all still around with jobs when this down turn ends. If you have some supportable facts great otherwise many of us would appreciate it if you shut up!
MYT is not the only company having problems at the moment and may well survive when others fail. I sincerely hope we are all still around with jobs when this down turn ends. If you have some supportable facts great otherwise many of us would appreciate it if you shut up!
I am a figment of my own imagination
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I am not sure if it was the post or the contents of Albert's bag but it certainly contined very little that was 'warm and cudly' and much appears on these forums that purports to be the 'truth'. The reality of the situation is that an awful lot of us are extremely anxious about our livlehoods and post like that so manfully from the shoulder and telling us like it is can quite honestly be done without. Hope as they say springs eternal, may we all hope for better times, and long may MYT go on.
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I see the title has been edited and that's all good and well 
I would like to stress however that I'm an air trafficker by name and nature and certainly not party to any competitor spin.
I heard the rumour from more than one source, as did we all at EGCC to be frank, and in an attempt to discover the truth and dispel the nonsense I could think of no better place than here to ask.
I had no motivation in posting and asking questions other than that - and my original question was answered on the first page.
Sorry if I offended anyone
And thanks to j17 for responding too
I would like to stress however that I'm an air trafficker by name and nature and certainly not party to any competitor spin.
I heard the rumour from more than one source, as did we all at EGCC to be frank, and in an attempt to discover the truth and dispel the nonsense I could think of no better place than here to ask.
I had no motivation in posting and asking questions other than that - and my original question was answered on the first page.
Sorry if I offended anyone
And thanks to j17 for responding too
