XL.com into administration

ImageForum for news and discussions on civil aviation matters.

Moderator: gatso76

Forum rules
Image
Post Reply
User avatar
Rockville
Scramble Addict
Scramble Addict
Posts: 1648
Joined: 24 Nov 2007, 00:38

XL.com into administration

Post by Rockville »

BBC news reports that XL.com apparently has gone into administration. More news to follow.
User avatar
skycruiser
Scramble Addict
Scramble Addict
Posts: 1957
Joined: 19 Mar 2005, 21:46
Subscriber Scramble: skycruiser
Location: AMS

Post by skycruiser »

Yes indeed. It seems days are over for XL Airways UK;
By Nicholas Ionides

Tour operator XL Leisure Group, the parent of in-house carrier XL Airways, has gone into administration and all flights are being cancelled with immediate effect.

The company, the operations of which are primarily UK-based but which includes divisions in France and Germany that are still operating, has been in discussions on a refinancing package. It claims to be the third-largest tour operator in the UK and has several travel brands.

A statement on the XL website says administrators were appointed by the courts early this morning for XL Leisure Group, XL Airways UK, Excel Aviation, Explorer House, Aspire Holidays, Freedom Flights, Freedom Flights (Aviation), The Really Great Holiday Co, Medlife Hotels, Travel City Flights and Kosmar Villa Holidays.

The French and German divisions of the XL Group "continue to trade as normal", however.

"The companies entered into administration having suffered as a result of volatile fuel prices, the economic downturn, and were unable to obtain further funding," the statement says.

"The Joint Administrators cannot continue trading the business and therefore all flights operated by the companies have been immediately cancelled and the aircraft grounded. Going forward, the Joint Administrators are unlikely to be able to trade the business or operate the aircraft."

XL Airways served destinations in Europe, North America and the Mediterranean region, using Airbus and Boeing narrowbodies and widebodies. It recently opted to cut long-haul routes to the Caribbean.
Who's next... ?

Rdgs
Eric

Soure: Flightglobal 12/09/08
User avatar
patrick@tediek.com
Scramble Die-Hard
Scramble Die-Hard
Posts: 724
Joined: 01 Aug 2006, 17:33
Location: Amsterdam

Post by patrick@tediek.com »

Wauw, second airline this week in Europe where I read about. A lot of capacity taken out and a lot of people out of their jobs. Sad...
User avatar
B767-300ER
Scramble Master
Scramble Master
Posts: 8814
Joined: 25 Dec 2007, 08:35

Post by B767-300ER »

They have a nice fleet of aircraft...
User avatar
Rockville
Scramble Addict
Scramble Addict
Posts: 1648
Joined: 24 Nov 2007, 00:38

Post by Rockville »

285.000 people are affected.
See: http://news.sky.com/skynews/Home/Busine ... 2BStranded" onclick="window.open(this.href);return false;
Jack
Moderator
Moderator
Posts: 875
Joined: 31 Oct 2005, 13:22
Location: Emmen
Contact:

XL Leisure Group- UK

Post by Jack »

aviodromefriend
Scramble Master
Scramble Master
Posts: 3518
Joined: 03 Dec 2006, 22:10
Type of spotter: zo snel afgekeurd, ik kreeg geen kans S5 te worden
Location: Airshows, EHKD, Where HAT eh took me

Re: XL Leisure Group- UK

Post by aviodromefriend »

So, if I understand these links right, people that booked via a touroperator might have some protection, bookings straight at the airline are worthless? :^o:
De Zamboni heeft kramp in zijn achterwiel
Jan Maarten Smeets, Heerenveen 31 oktober 2009
Post Reply

Return to “Civil Aviation News”