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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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