MyTravel’s David Crossland has bowed out of the
company he founded and cut short his extended stay as chairman.

Crossland was originally planning to retire last
November but scrapped his plans in October to help the beleaguered MyTravel get
through its worse ever financial crisis.

The company gave no explanation for his retirement.

Crossland said: “This was a difficult decision
and it is a sad day for me after 40 years in the travel industry. However, I
leave MyTravel in excellent hands.”

Crossland founded the company over 30 years ago and
saw his small agency grow into a huge public company.

Current deputy chairman Eric Sanderson will succeed
him with immediate affect.