Custom Search

Wednesday, August 28, 2019

Chinese poised to acquire world's oldest travel firm as Thomas Cook agrees key rescue terms

British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see Hong Kong's Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline. The world's oldest travel company has struggled with intense competition, high debt levels and an unusually hot summer in 2018 which reduced its last-minute bookings.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NAtpkQ

0 comments:

Post a Comment

Popular Posts

 
Desi Google | A2Z Famous Quotes | What's Cooking America | Joke Site