THOMAS COOK SET TO BE REVIVED – ONLINE
The Thomas Cook travel brand is reportedly close to being re-launched in the UK, following the company’s spectacular collapse last year that cost thousands of jobs.
However, the new firm will be online-only without the aircraft, hotels and shops of the old business.
The brand’s owner, China-based Fosun, is set to revive Britain’s oldest travel firm within the next weeks in order to capture the start of the booking season for next summer, but exact timing depends on when the company gets an Atol licence from the Civil Aviation Authority.
The 179-year-old company collapsed under a mountain of debt, and sparked the largest ever peacetime repatriation to bring home 150,000 UK holidaymakers from abroad.
Fosun was already a large shareholder in the business, and last November paid £11m for the Thomas Cook trademarks, websites, social media accounts.
The timing of Thomas Cook’s re-launch also depends on any further restrictions and quarantine rules on foreign travel because of the coronavirus pandemic.
Photo copyright 2019 – Philafrenzy