MyTravel’s ongoing legal battle with its bondholders appears to have been resolved with announcement that the bondholders have dropped plans to appeal against the scheme of arrangement and will vote on a revised consensual agreement at a meeting on Dec29. MyTravel now also needs to get the banks and other creditors to agree to the revised consensual arrangement. The revised consensual plan gives the bondholders 8% of the enlarged share capital of the newly restructured MyTravel. Bondholders will also be entitled to interest on the bonds accruing up to and including 25 Aug04, which they will get when the restructuring is complete. As part of the agreement, MyTravel will pay the bondholders’ legal costs.