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Travel & Tourism industry news by Greek Travel Pages (gtp)

US Court Move Wins Thomas Cook Time for Rescue Deal

Thomas Cook has filed for Chapter 15 bankruptcy protection in the United States, aiming to proceed with its rescue scheme.

Fosun Steps in with Rescue Plan for Ailing Thomas Cook

High debt levels, strong competition and Brexit uncertainty have driven Thomas Cook Group to agree to the terms of a rescue injection by Fosun Tourism.
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Thomas Cook – Fosun Examine Rescue Plan

Thomas Cook Group is in advanced talks with its largest shareholder, Fosun Tourism Group, to secure a 750-million-pound cash injection.