Aidan Coghlan, who is now managing director of World Travel Centre, said his company has also offered to assist provisional liquidator Kieran Wallace in assisting with the outstanding Usit bookings. He said Usit probably lacks the resonance the brand once had with young travellers. He said that most people who had paid for travel with Usit will probably get their money back. He said World Travel Centre, which employs about 200 people between Dublin and Belfast, is privately owned and has no debt. He added that the company has cash reserves it hopes will be sufficient to help it ride out the coronavirus hit to the economy.

Source: Irish Independent April 02, 2020 01:30 UTC