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> Economy

Thomas Cook collapsed: 600.000 people are stranded all over the world! (Upd.)

A total of 50.000 people are stranded in Greece

Newsroom September 20 01:45

Thomas Cook did go bankrupt. A total of 600.000 people are stranded around the world.

There are 50.000 people in Greece 20.000 of which are in Crete.

A huge operation world-wide is underway to bring all these people back home.

——————————————————————————–

Thomas Cook (TCG.L) on Friday confirmed that it was seeking an extra £200m in funding in order to stave off a collapse of the travel operator — something that could leave up to 180,000 stranded abroad and put 20,000 jobs at risk.

In a statement, the 178-year-old travel company said that discussions on the final terms of its rescue deal were continuing, including with Fosun Tourism Group, its largest shareholder.

Fosun agreed in August to inject £450m into the company as part of a £900m rescue package, though Thomas Cook must still agree on the deal with its lenders.

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Thomas Cook’s creditors, which include banks such as Royal Bank of Scotland (RBS.L) and Lloyds Bank (LLOY.L), have now demanded Thomas Cook secure an additional £200m in standby funding.

Sky News reported that the travel operator is holding emergency talks about a deal to sell its Nordic airline and tour operating units in an attempt to raise the cash.

Read more HERE

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