PricewaterhouseCoopers will be appointed as liquidators of Goldtrail Travel, it was revealed at a creditors’ meeting in London on Friday.
Normally the administrators, in this case Begbies Traynor, would become the liquidators but PWC was requested by the main creditor, the Civil Aviation Authority.
The Turkey specialist operator will be put into liquidation within five weeks of the meeting. The CAA has submitted a claim to the administrators for £25.9 million.
The liquidator is expected to deal with Abta members whose claims have been rejected by the Air Travel Trust. A number of agencies were notified by the CAA last week that their claims were not valid.
Goldtrail failed in July with 112,000 forward bookings.