Airtours chief to set up new base in US
Wednesday 02 July 1997
Mr Crossland's decision to move from the UK marks an important change in Airtours' strategy, heralding a push to expand its international operations.
"Mr Crossland is going overseas to develop Airtours' business over there. He will travel extensively from his base in America. It shows that Airtours is not perceived as just a UK tour operator anymore. It is an international business," said an Airtours spokesman.
Mr Crossland will live in America for at least two years, but he may stay indefinitely. He will be based in California.
Among Mr Crossland's first tasks will be to reverse the decline in the company's North American business, which lost pounds 1.2m in the six months to March compared to a profit of pounds 2.9m the year before. Overcapacity has dogged its Canadian business, leading to depressed prices and mounting losses and adding to speculation that Airtours may be forced to exit this market.
Airtours also incurred start-up losses at its California tour business. But Mr Crossland is understood to be keen to rapidly expand the US business, building up its cruise business and entering the time share sector.
Mr Crossland will also look for acquisitions. Last month Airtours paid $20m (pounds 12m) for Californian tour operator Suntrips. More US purchases look set to follow. Mr Crossland is also likely to target South America and the Far East.
Last month Lars Thuesen, former deputy chief executive of Airtours' Scandinavian business, became the new head of the group's UK tour and retail business which has paved the way for Mr Crossland's move to the US. Airtours has no plans to close its Lancashire headquarters and move lock, stock and barrel across the Atlantic.
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
John Barrowman praised for Commonwealth Games opening ceremony gay kiss
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...