Tag Archives: rescue deal


British-based Thomas Cook in £750m rescue deal talks

07 July, 2019 12:30 pm 12:30 pm

MANCHESTER (Web Desk) – Troubled travel company Thomas Cook- a Manchester-based venture- is in £750m rescue talks with the banks and its largest shareholder, Fosun. The measures, which have not been finalised, would see the Chinese investor buy the firm’s tour business. Thomas Cook’s chief executive, Peter Fankhauser, said the proposal was “not the outcome … Read More