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Thomas Cook collapses as last-ditch rescue talks fail
Source: BBC
Thomas Cook collapses as last-ditch rescue talks fail
23 September 2019
Thomas Cook has collapsed after last-minute negotiations aimed at saving the holiday firm failed.
The UK Civil Aviation Authority (CAA) said the tour operator has "ceased trading with immediate effect".
It has also triggered the biggest ever peacetime repatriation aimed at bringing more than 150,000 British holidaymakers home.
Peter Fankhauser, Thomas Cook's chief executive, said the firm's collapse was a "matter of profound regret".
The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK.
-snip-
23 September 2019
Thomas Cook has collapsed after last-minute negotiations aimed at saving the holiday firm failed.
The UK Civil Aviation Authority (CAA) said the tour operator has "ceased trading with immediate effect".
It has also triggered the biggest ever peacetime repatriation aimed at bringing more than 150,000 British holidaymakers home.
Peter Fankhauser, Thomas Cook's chief executive, said the firm's collapse was a "matter of profound regret".
The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK.
-snip-
Read more: https://www.bbc.com/news/business-49791249
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