The company was co-founded by Vladimir Raitz on 12 October 1949. The company pioneered the first mass package holidays abroad with charter flights between Gatwick airport and Corsica in 1950, and organised the first package holiday to Palma in 1952, Lourdes in 1953, and the Costa Brava and Sardinia in 1954. In addition, the amendments made in Montreal to the Convention on International Civil Aviation on 14 June 1954 were very liberal to Spain, allowing impetus for mass tourism using charter planes.
Horizon Travel Group (2011)
In 2011 a group of investors including former directors of the Co-Op Travel Group and the TTA re-launched the Horizon name with a new ATOL licence and operates mainly to Egypt & Bespoke destinations.