Mytravel gets lifeline
 

From the BBC(6/6):

"Struggling tour operator MyTravel has fallen deeper into the red, but has agreed a deal with bankers that should secure its future.
The company, whose brands include Airtours and Going Places, made an operating loss of £591m ($983m) after writing off £284m.

But it said it had signed a £1.3bn refinancing deal with its lenders which would allow it to turn the business around.

MyTravel said that war in Iraq and uncertainty about the group's financial position has contributed to its poor performance.":ok:



Share reaction - down 2% at 10:00hrs(6/6)

Good News
 

And despite the banks agreeing terms with MYT, the moaners and critics will be out in force. Let's be 'aving you, then.