John Constable, HLO Group GM Retail & Commercial has “ceased his role with the company”.
Helloworld Travel Limited (HLO) has just confirmed the long-rumoured departure of the head of its retail and commercial operations, with the company’s Annual Report revealing that he has left the business after relocating to the United Kingdom.
An update to the Australian Securities Exchange this morning also confirmed the release of the company’s delayed audited financial statements for 2019/20, with “no material adjustments” apart from immaterial reclassifications to certain balance sheet items and no changes to reported earnings, net assets or total equity.
The company has also advised it had decided to prepay $20 million in borrowings which can be redrawn if required. The repayment will reduce annual interest costs by $420,000 and in recognition the company’s lender has granted waivers of certain covenants.
More details in today’s issue of Travel Daily.