Allbury Travel Group settles business with XL

Allbury Travel Group shareholders have bought the XL Travel Group’s 20% share holding in ATG.

The deal comes with the agreement of XL’s administrator and severs all financial ties between XL, which collapsed last September, and ATG which owns Libra Holidays, Argo Holidays and Jetlife.

ATG chairman Michael East said: “The agreement, which has been approved by the regulatory authorities, settles all outstanding financial matters between the two companies.

The deal comes as ATG announces its winter trading was broadly in  line with its forecasts with volumes slight down but prices improved year on year.

East added the group is continuing to see the market-wide trend for consumers to book their summer breaks later although both demand and pricing have strengthened in recent weeks.

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