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XL enters into administration

London, UK - Nearly 280.000 passengers without flight

With a press release, published on its web page, British tour operator "XL Leisure Group" has announced that all flights have been cancelled. XL Group, comprising XL Airways and tour operators such as "Kosmar Holidays" or "Travel City Direct", is now entered into administration, first step towards bankruptcy. XL is the latest carrier hit by "Volatile fuel prices and economic downturn", as it is written...

AVIONEWS - World Aeronautical Press Agency - 1094218
Rome, Italy, 09/12/2008 17:04
AVIONEWS - World Aeronautical Press Agency

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