XL Leisure in funding talks
BRITAIN'S third largest tour operator XL Leisure is in crisis talks after key funder Barclays withdrew its backing.
Soaring oil prices have already seen the company announce the cancellation of all flights to the Caribbean from November.
Thousands of holidaymakers who had booked trips through its brands Kosmar, Aspire and Travel City Direct are now awaiting news of a possible refinancing deal with Barclays.
A spokesman for the firm said: "XL is experiencing strong trading, with bookings for 2009 already outperforming last year."
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Tuesday 14 February 2012
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