Thomas Cook Files for Bankruptcy



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Posted by Ed 52 days ago
Thomas Cook Group Plc, the 178-year-old travel company that became one of the U.K.’s best-known brands, has collapsed under a pile of debt, leaving tens of thousands of British tourists stranded across Europe.  
 
The company filed for administration early Monday at the High Court in London after talks to raise additional funding failed, Thomas Cook said in a statement. AlixPartners LLP was named an adviser and will work with the country’s Civil Aviation Authority to get holidaymakers back home over the next two weeks. The government called it the “largest repatriation in peacetime history.”
 
 
https://www.bloomberg.com/news/articles/2019-09-23/thomas-cook-files-for-bankruptcy-after-bailout-talks-fail?srnd=premium-asia 


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