Libra Holidays boosts capacity after selling 70% of 1999 offers

Libra Holidays boosts capacity after selling 70% of 1999 offers

SPECIALIST operator Libra Holidays has increased its capacity to Cyprus by 25,000 and its capacity to Greece by 13,000 for summer 1999.

The rise brings its total capacity to 170,000 for the summer period, which runs to the end of October.

A company spokeswoman said it had applied to the Civil Aviation Authority for the increase after managing to sell 70% of its capacity by the end of April. She said holidaymakers deterred from going to Turkey this summer were booking Greece and Cyprus instead.

Meanwhile, Libra Holidays has negotiated a racking agreement with Thomas Cook for both its Libra and its Priceright Holidays brands.

It has also announced plans to raise £10.9m via a rights issue on the Cyprus Stock Exchange this autumn. The money will be used to expand its tour operating and hotel operations.

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