Thomas Cook, also known in the Netherlands for Neckermann, is bankrupt. The group has 22.000 employees worldwide. All Thomas Cook bookings, including flights and vacations, are now canceled. It took acutely more than a billion euros to get through the weak winter season. According to British media, Thomas Cook threatened to lose his flight license on October 1 for the 105 own aircraft, which then go on the chain.
Saved from destruction.
The ailing tour company seemed rather rescued from destruction. The Chinese conglomerate Fosun and a group of creditors would jointly invest 900 million pounds (994 million euros) in the British travel and aviation company, but according to De Telegraaf, this has also become uncertain.
"An enormous consolidation battle is underway in the travel sector”, Says Stef Driessen, sector specialist at ABN Amro in the NRC. "Just look at the Netherlands alone: Sunweb and Corendon were both bought by Swedish investor Triton. It remains an interesting growth market for venture capitalists. In Asia in particular, you can see the middle class grow, which means that more people travel. "
Travelers who are now on vacation or will soon be leaving with Thomas Cook need not worry, it sounds. "All trips continue as normal. And we will also bring back those who are abroad”, Says the Travel Guarantee Fund.
Thomas Cook has a turnover of around ten billion euros in Europe and has more than 20.000 employees. The company lets more than 1845 million tourists vacation with Cook annually and is the oldest travel company ever established in the UK around XNUMX.
