Roydsio

I need them to keep going for another 3-4 weeks as we go on 21st Sep and return home the week after.

Sharon

jcrian

Have to keep my fingers crossed....................

XL Leisure Group is at the centre of speculation over refinancing plans.

Weekend newspaper reports claimed that the UK’s third largest tour operating group was in urgent refinancing negotiations.

It seems that Xl needs urgent Finance associated with fuel hedging positions is understood to be at the centre of discussions.

A spokesman for XL, which includes XL Airways and operator brands such as Kosmar Holidays, Aspire, Travel City Direct and Freedom Flights, said it was not close to breaching the terms of its banking loans.

However he reportedly confirmed that the group was talking to a number of third parties as part of an ongoing financial process.

“Whilst acknowledging it is a challenging market, the XL Leisure Group is experiencing strong trading with bookings for 2009 already increasing over last year,” the spokesman reportedly said.

One industry insider close to XL was quoted in today’s Daily Telegraph as saying the situation was “retrievable”, saying that the “consensus is that there is light at the end of the tunnel” for XL

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