Thomas Cook makes new attempt to save the ailing business

The british travel company Thomas Cook, which among other things owns the Spies, has applied for konkursbeskyttelse under the u.s. Chapter 15-rules. The writi

Ann McDonald
Ann McDonald
18 September 2019 Wednesday 10:00
28 Reads
Thomas Cook makes new attempt to save the ailing business

The british travel company Thomas Cook, which among other things owns the Spies, has applied for konkursbeskyttelse under the u.s. Chapter 15-rules.

The writing erhvervsmediet Bloomberg News.

The u.s. rules protect foreign companies against legal action from american creditors, while a company gets a handle on its business in another country.

According to Jacob Pedersen, who is aktieanalysechef at Sydbank, where he follows the aviation industry closely, buying Thomas Cook with the drain is now time to find a solution to its problems.

The 27. september, investors in debt-ridden Thomas Cook to vote on a rescue plan, which is led by the chinese major shareholder Fosun Tourism Group.

After the capital injection will Fosun own 75% of Thomas Cook's area for group tours and up to 25 percent of rejseselskabets airline.

the Thomas Group, which has roots dating back to 1841, has for many years been one of the largest global players in the field of package travel.

in recent years, the company has, however, been squeezed by lower demand, as an increasing number of travellers are starting to organize their trips.

Modvinden have been to Thomas Cook at the end of march had accumulated a debt on the good side of ten billion crowns.

- It is a company, which in and of themselves has been affected very much, that people no longer buy as many packages.

- It has created a huge headwind for organisers of package holidays as Thomas Cook, says Jacob Pedersen.

At rejsefirmaet Spies, as Thomas Cook is the owner, we inform you that the application for the american konkursbeskyttelse not have an impact on the travellers who have already left, or those who will depart in the near future.

- It's not going to get any immediate concern direct to Spies or the Spies' guests, says Lisbeth Nedergaard, head of communications of Spies.

Updated: 18.09.2019 10:00
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