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“Catastrophic impact”: anatomy of Usit’s lightning-fast insolvency

April 1, 2020 5:40 am Published by

One month ago, directors of the historic student travel agency met to sign off on a promising set of accounts. Last week, they agreed to wind up the company. Their urgent petition to appoint temporary liquidators reveals the devastation already caused by Covid-19 in the travel sector – and the expectation that it will continue for months to come.