October 06, 2019 10:48 am
Around 50 high-end hotels in Goa were always booked to charter to Thomas Cook, which flew down an average of 270 European travellers each day, with bookings done for a minimum week and extending to 21 days.
September 28, 2019 4:15 am
Thomas Cook went under, but the old school travel agency model might yet survive
September 26, 2019 1:02 pm
The authority also said over 150 Thomas Cook crew and 30% of the total number of passengers, in the first three days of the operation, had already been flown back.
September 26, 2019 9:58 am
Days after UK travel agency Thomas Cook ceased operations and left tens of thousands stranded, its German subsidiary has also filed for insolvency. Restructuring efforts are underway to get the firm back on its feet.
September 24, 2019 9:53 am
Thomas Cook, the world’s oldest travel company, founded in 1841, in the recent past, faced challenges such as competition from online travel agents and tourists independently planning their journeys.
September 23, 2019 2:07 pm
"Thomas Cook India Group is a completely different entity since August 2012 when it was acquired by Fairfax Financial Holdings (Fairfax), a Canada based multinational with varied interests across the globe as well as in India," Thomas Cook India said in a statement
September 23, 2019 11:49 am
Boris Johnson said Thomas Cook had made a request to the government for around 150 million pounds but that bailing it out would have set up "a moral hazard in the case of future such commercial difficulties that companies face".
September 23, 2019 2:19 pm
Chief Executive Peter Fankhauser said it was a matter of profound regret that the company had gone out of business after it failed to secure a rescue package from its lenders.
June 29, 2014 1:22 am
The Rs 870-crore deal involving merger of Sterling Holiday Resorts (India) with travel firm Thomas Cook (India) has already been cleared by the CCI.
February 09, 2014 2:29 am
TCIL will first inject Rs 187 crore for a preferential allotment of a 23 per cent stake in Sterling. After that, it will buy stake from shareholders of the Chennai-based resort owner for Rs 176 crore.