News Listings for MyTravelLite

  • BMIbaby names new commercial director

    News | 31 Mar 2008 17:30

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>UK</st1:place></st1:country-region> budget carrier <span class=spelle>BMIbaby</span> has named former MyTravel executive Julian Carr as its new commercial director, succeeding Steve Burns.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Carr was formerly the managing director of MyTravel’s low-cost operation <span class=spelle>MyTravelLite</span>.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>He was most recently <span class=spelle>IATA’s</span> head of marketing and new business development. Carr will join <span class=spelle>BMIbaby</span> in May.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Steve Burns has been recruited by Singapore-based low-cost operator Tiger Airways.</p> </div> </div> </bod
  • Adapt or die

    News | 22 Aug 2006 00:00 | Günter Endres

    Europe's charter airlines are having to reinvent themselves as competition from the scheduled low-fare carriers hits their business, but have conflicting views on how to fight back
  • Recovering MyTravel paints bright summer picture

    News | 31 Mar 2005 10:33 | Graham Dunn

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <div> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region></st1:place></st1:country-region> tour operator <span class=SpellE><span class=spelle>MyTravel</span></span> Group believes it is on track to achieve its business plan targets for the year as it points to an encouraging summer bookings picture.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>The struggling <st1:country-region u2:st="on"><st1:place u2:st="on"><st1:country-region u1:st="on"><st1:place u1:st="on"><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region></st1:place></st1:country-region></st1:place></st1:country-region> tour company, which includes in-house charter operator <span class=SpellE><span class=spelle>MyTravel</span></span> Airways and bud
  • New cash flows

    News | 01 Jan 2005 00:00

    <p>An increasing number of carriers are turning to ancillary products to bolster their profits as margins from ticket sales come under greater pressure</p> <p>When it comes to growth, Ryanair is among the fastest. But at a carrier where scheduled passenger revenues rose by 26% to c924 million ($1.2 billion) in its last full 2003/4 financial year there is one area where business outstrips even this impressive performance: that is the sale of ancillaries.</p> <p>Ancillaries come in a variety of guises, ranging from car hire and hotel reservations to in-flight catering and retail sales. With the notable exception of in-flight food, these revenues are a high margin, generally low-risk business stream that is becoming more and more significant to many low-fare carriers.</p> <p>Ryanair's Santina Doherty, the Irish low-cost carrier's marketing and ancillary revenue chief, is bullish about the prospects for this secondary business stream. &quot;These revenues are growing at over twice the r
  • MyTravel poised to force through restructuing

    News | 18 Nov 2004 10:34 | Victoria Moores

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Cash-strapped <st1:country-region><st1:place>UK</st1:place></st1:country-region> tour operator <span class=spelle><span style='mso-bidi-font-weight:bold'>MyTravel</span></span> Group, which has been battling to gain bondholder approval for its restructuring proposal, is today going to court to initiate contingency plans aimed at forcing the measures through after receiving agreement from only a handful of investors. <span style='mso-spacerun:yes'> </span><u1:p></u1:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=spelle>MyTravel</span> was seeking bondholder approval for a <span style='color:black'>deal to swap £800 million of the company’s £1.5 billion debt into an 8% equity stake, but as of <st1:time Minute="0" Hour="17">last night, it says, it had</span> received
  • MyTravel warns it could lose licence

    News | 15 Nov 2004 09:05 | Kieran Daly

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal>Troubled <st1:country-region><st1:place>UK</st1:place></st1:country-region> leisure group MyTravel is warning bondholders that it could lose its operating licence if they do not accept a restructuring proposal that has generated deep resentment among investors.</p> <p class=MsoNormal>Several major institutional investors have declared an unwillingness to accept the deal which would swap £800 million of the company’s £1.5 billion debt into an 8% equity stake, but MyTravel is today warning that the UK CAA could close it down by the end of the year if a restructuring is not agreed.</p> <p class=MsoNormal>After repeating warnings that it is near certain to run out of cash next year without an agreement, the company adds: “The board believes that if a restructuring on terms acceptable to the CAA is not implemented by the end of the year the CAA is likely to revoke the group’s licenc