What has the industry learnt from XL's demise?

Taylor, Ian
September 2009
Travel Weekly (UK);9/11/2009, p8
Trade Publication
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.


Related Articles

  • Safety in numbers. Taylor, Ian // Travel Weekly (UK);9/19/2008, p20 

    The article discusses issues related to the collapse of XL Leisure Group, one of the biggest travel companies. The author believes that the collapse is a sign of the seriousness of the deepening financial crisis. He informs that with 85,000 or more clients abroad when XL went down, the Civil...

  • Trade could lose out in XL payout. Taylor, Ian // Travel Weekly (UK);10/24/2008, p55 

    The article reports that the Civil Aviation Authority (CAA) of Great Britain will begin paying out claims next week following the collapse of XL Leisure Group amid fears some in the trade may lose out. XL collapsed last month with up to 200,000 passengers booked and the CAA expects up to 80,000...

  • WHO'S TO BLAME?  // Travel Weekly (UK);7/24/2009, p20 

    The article focuses on the reasons for the financial problems of Air Travel Trust Fund (ATTF) in Great Britain. According to the British Civil Aviation Authority, the recession along with the collapse of the operator XL Leisure Group is responsible for the problems of ATTF. However, the travel...

  • CAA lowers forecast cost of XL collapse.  // Travel Weekly (UK);7/24/2009, p20 

    The article reports on the reduction by the British Civil Aviation Authority (CAA) in its forecast of XL Leisure Group's failure cost by up to 9 million pound. According to CAA, the cost to the Air Travel Trust Fund will be 7 million pound. The single biggest cause of the crisis in the fund was...

  • Travel giants eye CAA's XL payouts. Huxley, Lucy // Travel Trade Gazette UK & Ireland;11/7/2008, Issue 2841, p4 

    The article reports that the Great Britain Civil Aviation Authority (CAA) is scheduled to start work on the more complex claims coming from the collapse of XL Leisure Group despite speculation it could pay some claims to customers of non-Air Travel Organizers' Licensing (ATOL) agents. According...

  • WAITING GAME.  // Travel Weekly (UK);2/20/2009, p72 

    The article focuses on the impact of the failure of XL Leisure Group PLC in 2008 on the travel industry. It is stated that the collapse has brought the consumer protection issue into focus, and the industry wants a judgment that applies to all airline seats to bring customers home from a...

  • Trade angered by possible APC rise.  // Travel Trade Gazette UK & Ireland;9/19/2008, Issue 2834, p05 

    The article reports on the reactions toward the possibility of increasing the £1 per person Atol Protection Contribution (APC) after the business failure of XL Leisure Group. The reason for increasing the levy is discussed, as well as the effects of the failure of the XL Leisure Group to the...

  • Trade praised in XL rescue effort. Taylor, Ian // Travel Weekly (UK);9/19/2008, p3 

    The article informs that the Civil Aviation Authority (CAA) has praised the travel industry's role in rescuing XL Leisure Group holidaymakers. CAA consumer protection group director Richard Jackson said the rescue relied on the secondment of industry staff. Federation of Tour Operators...

  • Rescue nears end as refund effort begins.  // Travel Weekly (UK);9/26/2008, p4 

    The article reports on the start of refunding efforts and rescue for almost 85,000 clients abroad when XL Leisure Group collapsed in Great Britain. Remaining passengers who flew out before the collapse on trips longer than two weeks will be booked on scheduled flights. The Civil Aviation...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics