MyTravel met earlier this week with representatives of its major lending banks and bonding facility providers to provide details of its proposed balance sheet…
MyTravel met earlier this week with representatives of its major lending banks and bonding facility providers to provide details of its proposed balance sheet restructuring. MyTravel also confirms that its operating result for the 12 month period to 30 September 2004 will be approximately break-even.
The key points of the proposed restructuring are:
- The conversion into MyTravel equity of approximately
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
