TITLE

What has the industry learnt from XL's demise?

AUTHOR(S)
Taylor, Ian
PUB. DATE
September 2009
SOURCE
Travel Weekly (UK);9/11/2009, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the issues concerning the impact of XL Leisure Group's collapse in Great Britain. It states that the failure triggered a crisis in the Air Travel Trust (ATT) fund, an agency that provides financial assistance when there is a collapse. It cites the role of the Civil Aviation Authority (CAA) on refinancing the company's operation. The failure also resulted a crisis on the group's leading lender, the Icelandic bank Landsbanki.
ACCESSION #
44478909

 

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