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Budget Travel gone into liquidation

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  • 25-11-2009 5:01pm
    #1
    messrs
    Registered Users Posts: 1,853 ✭✭✭


    not sure if this in right forum - please feel free to move.

    Budget Travel, the largest tour operator in the State, is to be wound up after the High Court this afternoon appointed a provisional liquidator to the compnay.
    A total of 747 people are currently on holiday abroad with Budget Travel.
    The company says it is working closely with the Commission for Aviation Regulation to ensure plans are put in place to enable all customers to return to Ireland with the minimum of inconvenience.
    For people who have booked holidays with Budget Travel, the company says it may be possible to arrange the same, or a similar holiday package with an alternative company.

    Other customers will receive a full refund in due course from the Commission for Aviation Regulation.
    The company was established in May 1975 and has a 30% share of the market. It has 17 outlets and employs 172 people.
    Budget Travel began a restructuring process in August of this year when it closed 14 of its retail outlets and the loss of approximately 95 jobs.
    A helpline has been established at Budget Travel to deal with queries from customers. The number is 01-6613122.
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