My Group
The group was founded under the Airtours brand in 1972, when David Crossland purchased a series of small travel agencies in Lancashire, United Kingdom. The group began operating package holidays and launched its own in-house charter airline, in the early 1980s.
The company ran into severe financial difficulties in 2004 and needed to implement a debt-for-equity swap to prevent it going into receivership. It has since completed its financial restructuring and has seen a turnaround in its business and its North America and Northern European divisions have been recording record profits for the last 2 years.
In 2004/2005, MyTravel took 5.7 people million on holiday of which 3.4 million where from the UK, 1.5 million from Northern Europe and 0.8 million from North America.