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Thomas Cook's Nordic unit to carry on after parent company's collapse

Mon, 23rd Sep 2019 20:49

OSLO, Sept 23 (Reuters) - Thomas Cook's Nordic
business, the Ving group, will continue operations as normal
from Tuesday despite the collapse of the parent company on
Monday, it said.

Hundreds of thousands of holidaymakers were stranded by the
collapse of the world's oldest travel firm, sparking the largest
peacetime repatriation effort in British history.

In the Nordics, close to 35,000 holiday-makers were
travelling at the time of the announcement, with flights
cancelled on Monday. But normal operations will resume on
Tuesday.

"Since we are an independent and profitable part of the
business, we are already able to continue our operations with
support from our banks, lenders and guarantors," Magnus Wikner,
managing director of the Ving group in the Nordics, said in a
statement.

Thomas Cook's liquidation marks the end of a British company
that started in 1841 running local rail excursions and grew to
pioneer the family package holiday.
(Reporting by Gwladys Fouche and Terje Solsvik)

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23 Sep 2019 06:52

UPDATE 1-UK PM Johnson questions whether Thomas Cook bosses "properly incentivised"

(Fixes typo in quote in paragraph 7)NEW YORK, Sept 23 (Reuters) - British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankrup...

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23 Sep 2019 06:00

UK PM Johnson questions whether Thomas Cook bosses "properly incentivised"

NEW YORK, Sept 23 (Reuters) - British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankruptcy.Thomas Cook, the world's oldest ...

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23 Sep 2019 02:34

TEXT-Thomas Cook CEO on liquidation: "I apologise"

LONDON, Sept 23 (Reuters) - Peter Fankhauser, the chief executive of Thomas Cook, apologised on Monday for the liquidation of the world's oldest travel company.Following are his comments in a statement:“We have worked exhaustively in the past few d...

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23 Sep 2019 02:17

Britain's Thomas Cook enters compulsory liquidation

LONDON, Sept 23 (Reuters) - Britain's Thomas Cook said on Monday it had entered compulsory liquidation.The company said it made an application to enter liquidation and that an order had been granted to appoint an official receiver to liquidate the...

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23 Sep 2019 02:14

UPDATE 2-British travel firm Thomas Cook collapses, stranding hundreds of thousands

* Thomas Cook enters compulsory liquidation* Hundreds of thousands stranded* UK government to fly home UK travellers* CEO: I apologise (Adds background, reaction)By Kate HoltonLONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm,...

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23 Sep 2019 02:14

UPDATE 1-British travel firm Thomas Cook collapses, stranding hundreds of thousands

(Adds quote, details)LONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British ...

Read more
23 Sep 2019 02:04

British travel firm Thomas Cook collapses

LONDON, Sept 23 (Reuters) - Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.The firm runs...

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22 Sep 2019 19:53

UPDATE 1-Thomas Cook customers say hotel in Tunisia stopped them leaving

(Adds Thomas Cook tweet)TUNIS, Sept 22 (Reuters) - British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian governm...

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22 Sep 2019 15:45

Thomas Cook customers say Tunisia hotel stopped them leaving

TUNIS, Sept 22 (Reuters) - British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian government said the incident w...

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22 Sep 2019 13:51

UPDATE 4-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Board meeting being held on Sunday evening* Company could go into administration early Monday (Adds details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place...

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22 Sep 2019 13:51

UPDATE 4-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Board meeting being held on Sunday evening* Company could go into administration early Monday (Adds details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place...

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22 Sep 2019 13:51

UPDATE 3-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds airline details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home stranded holidaymaker...

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22 Sep 2019 13:51

UPDATE 2-Travel group Thomas Cook battles for survival ahead of Monday deadline

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds timing details, talks progress)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home strand...

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22 Sep 2019 13:51

UPDATE 1-Travel group Thomas Cook battles for survival with final creditor meeting

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early Monday (Adds Condor statement, Raab details)By Kate HoltonLONDON, Sept 22 (Reuters) - The British government has plans in place to bring home strand...

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22 Sep 2019 10:37

Travel group Thomas Cook battles for survival with final creditor meeting

* Bosses meeting creditors, lenders to agree its future* Company could go into administration early MondayBy Kate HoltonLONDON, Sept 22 (Reuters) - Bosses at Britain's Thomas Cook were meeting lenders and creditors on Sunday to decide whether the w...

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