Tag Archives: Thomas Cook


Hundreds of thousands stranded after travel firm Thomas Cook collapses

09 September, 2019 12:45 am 12:45 am

LONDON (Reuters) – Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook, sparking the largest peacetime repatriation effort in British history. The liquidation marks the end of a British company that started in 1841 running local rail excursions and grew to pioneer the family … Read More

Thomas Cook

UK travel group Thomas Cook battles for survival ahead of Monday deadline

09 September, 2019 1:50 am 1:50 am

LONDON (Reuters) – The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world. The bosses of the world’s oldest travel company were still meeting lenders and creditors in London on Sunday to … Read More


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