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Thomas Cook’s demise scuttles Fosun’s goal of creating a global leisure empire spanning airline, tour operator, resorts and shows
Thomas Cook Group, which traces its root to Thomas Cook & Sons in London in 1842, went into liquidation on Monday after failing to secure £200 million to keep creditors at bayFosun had already extended a £900 million financial lifeline to the UK company last month, in exchange for stakes in Thomas Cook’s airline and tour operations
LONDON: Thomas Cook Group Plc’s collapse may prove lucrative for some.
LONDON (Reuters): Thomas Cook, the world's oldest travel firm, collapsed on Monday (Sept 23), stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
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HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.
LONDON: Ryanair Holdings Plc said lower fares and losses at its new Austrian arm sent profit tumbling in fiscal 2019, and forecast that earnings could decline further this year.
LONDON: British holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday
CAIRO (Reuters) - Egyptian security forces have killed 40 suspected militants in three separate incidents in North Sinai and Giza, the Interior Ministry said on Saturday, a day after a bombing on a Vietnamese tourist bus in Giza killed four people.