Thomas Cook News
Thomas Cook close to securing £900m recapitalisation from investors
Struggling travel group Thomas Cook has secured what it is calling a “substantial agreement” regarding key commercial terms with investors and creditors as it seeks to stave off bankruptcy. However, final terms remain to be agreed.
Which? ranks Trailfinders as best UK tour operator as big players falter
Some of Britain’s biggest travel companies have finished at the bottom of Which?’s annual package holiday provider rankings – performing poorly on criteria including value for money, organisation and quality of reps in their resorts.
Fosun poised to take control of Thomas Cook
Thomas Cook has revealed it is in “advanced discussions” with its largest shareholder, Fosun Tourism Group, about a potential recapitalisation of the company.
Fosun in Thomas Cook acquisition talks
Thomas Cook has confirmed that it is in discussions with Fosun about a potential takeover deal. The news follows receipt of a preliminary approach from the Chinese conglomerate for the struggling, UK-based holiday giant.
Thomas Cook considering offer for Nordic businesses
Shares in Thomas Cook were up a modest two per cent this morning after the struggling travel giant confirmed it had received a “highly preliminary and unsolicited indicative offer” from Triton Partners for its northern Europe business.
Thomas Cook rolls out Sleeper Seat on long-haul flights
On sale from today on Thomas Cook Airlines’ long-haul routes such as New York and San Francisco, the option transforms a row of three seats into a bed in the sky so that guests can arrive on holiday feeling refreshed.
Waggott appointed chief of tour operating at Thomas Cook
Will Waggott brings more than 20 years of experience in the global travel industry most recently as chief executive of Travelopia, a leading specialist travel group spun out of TUI in February 2017.
New business development manager for Thomas Cook Airlines
Thomas Cook Airlines has appointed Matthew Dakin as business development manager for Thomas Cook Airlines UK and Condor in its trade sales team.
All options open as Thomas Cook launches review of airlines division
Thomas Cook has announced a strategic review of its airline group after reporting a sharp rise in financial losses. Although the company remains at an earlier stage in the review process, the travel agent said it would “consider all options to enhance value to shareholders” as it sought a solution to losses.
Sixt renews and expands Thomas Cook partnership
The international mobility service provider Sixt and travel group Thomas Cook have renewed and significantly expanded their partnership.
Thomas Cook signs for two new own-brand properties in China
Thomas Cook China, the joint venture between Thomas Cook Group and Fosun, has announces plans for further growth in its own-brand hotel portfolio in the country with an additional two projects.
Thomas Cook signs interline deals with Liat and airBaltic
With its fleet of 101 aircraft, Europe’s eleventh-largest airline group is flying to almost 70 destinations this winter season and through cooperation with a total of 52 partner airlines, the number rises to over 250 destinations in Europe, America, Africa, Asia and Australia.