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- Release Date: 18/07/13 10:30
- Summary: GENERAL: THL: THL update on Competitor Receivership
- Price Sensitive: No
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THL
18/07/2013 08:30
GENERAL
REL: 0830 HRS Tourism Holdings Limited
GENERAL: THL: THL update on Competitor Receivership
TOURISM HOLDINGS LIMITED ("thl") update on Competitor Receivership
thl has received formal communication from Pacific Horizon that it has been
placed in receivership. This has also subsequently been reported in the New
Zealand media.
thl has contacted the receivers to assist where possible in helping customers
to continue with their campervan holiday. Grant Webster CEO said;
"Ensuring customers, especially those who have travelled from overseas, can
continue their holiday plans is important from an industry perspective. With
the largest range and fleet size in the industry thl is in the best position
to assist. We will look to offer customers as close to an equivalent product
and price as we can."
thl will not however be purchasing or leasing any of the Pacific Horizon
fleet.
thl is also working with offshore travel agents to assist with future
bookings.
thl would also note that there is speculation from some media sources that
the Pacific Horizon fleet will be "dumped" on the vehicle sales market. Mr
Webster said "we doubt the vehicles will be dumped as there is simply no
reason too. We are sure the financiers of Pacific Horizon will be looking for
the best possible outcome for all stakeholders."
Authorised by:
Keith Smith
Chairman
Tourism Holdings Limited
For further information contact:
Grant Webster
thl Chief Executive
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210
End CA:00238697 For:THL Type:GENERAL Time:2013-07-18 08:30:05
