New travel agency promises price war

THE boss of a new travel company yesterday pledged to start a holiday price war and send 65,000 passengers a year on cheap breaks to the sun.

XL Holidays is being launched by Bill Smith, who was one of the founders of the High Street travel giant Falcon Holidays.

The new firm will fly to the Greek islands of Santorini and Skiathos as well as favourite hotspots like Majorca and Lanzarote.