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Travel Trust Association bosses have sought to quell fears over the delay in its merger with consortium Worldchoice.

TTA director Todd Carpenter said the holdup in the deal was simply a result of the 'financial and legal process'.

"The process has become longer than we would have liked because we had the four week Easter break. The reality is that we are making sure we cover every single detail," he said.

"We have committed ourselves to doing this deal and we are going to do it right."

He added that there was "no issue" with funding for the deal despite the credit crunch or any problems linked to Worldchoice's finances.

The deal is expected to be completed by the end of June or July at the earliest.

Due diligence of Worldchoice's accounts is almost complete, with the audit likely to be signed off by the end of this month. Agents are likely to be sent a circular on the deal following court approval in mid-May, with an extraordinary general meeting held 56 days later.

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