The company is assuring customers that their holidays will go ahead and insisting “we’re not going bust or into administration”.
Mr Fankhauser said: “It may be a tough environment for holiday companies but it’s a paradise for customers who can get really great value offers for this summer.
“My focus is giving customers a great holiday this summer, and our new Crete Casa Cook is just one of 20 hotels we’re opening this year to help us do just that.”
With their 42% they can single handedly block this and they have lost a significant amount of their investment already yesterday..bet their livid with this announcement. Can see further news very early next week..