Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Thomas Cook, one of world's oldest travel companies, fighting to avoid bankruptcy
Fox Business ^ | September 22, 2019 | Evie Fordham

Posted on 09/22/2019 6:39:56 AM PDT by Olog-hai

Thomas Cook, a British travel company that’s been around for more than 100 years, met with shareholders on Sunday in the company’s fight to avoid bankruptcy.

Thomas Cook confirmed Friday that it is seeking £200 million in new capital.

The company’s largest shareholder is Chinese investment company Fosun. […]

A collapse could leave around 150,000 travelers from Britain stranded, along with tens of thousands of travelers from other countries. The British government may have to lease planes to get its citizens home. …

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Travel
KEYWORDS: china; redchina; thomascook; uk

1 posted on 09/22/2019 6:39:56 AM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

How would anyone be left “stranded?”

Just call the airline, get on the Internet, or visit the airport.


2 posted on 09/22/2019 6:51:27 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Have wondered how “travel agencies” stay in business at all these days. There’s a Liberty Travel office I pass occasionally and I’m baffled the door is still open.


3 posted on 09/22/2019 6:54:38 AM PDT by Renkluaf
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeMind

It is possible that in an age of one-time inventory management that those flight homes might not be paid for. Good luck findhng an airline that will let you fly for free.


4 posted on 09/22/2019 6:55:33 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Olog-hai

How’s that travellers check business.


5 posted on 09/22/2019 6:57:31 AM PDT by samtheman (The drive-by media is the true boss of the democommie party.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Renkluaf

Have wondered how “travel agencies” stay in business at all these days.


govt contracts?


6 posted on 09/22/2019 7:01:19 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: ConservativeMind

Communist Chinese investment firm. Stopped reading right there. They dealt with the devil. And lost hard.


7 posted on 09/22/2019 7:12:46 AM PDT by Starcitizen (American. No hypenation necessary. Send the H1B and H4EAD slime home. American jobs for Americans)
[ Post Reply | Private Reply | To 2 | View Replies]

To: samtheman
Traveler's "cheques" confused people?

-PJ

8 posted on 09/22/2019 7:18:51 AM PDT by Political Junkie Too (The 1st Amendment gives the People the right to a free press, not CNN the right to the 1st question.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: PeterPrinciple

Talk radio host cruises


9 posted on 09/22/2019 7:22:12 AM PDT by rintintin
[ Post Reply | Private Reply | To 6 | View Replies]

To: Renkluaf

My brother and his wife use a travel agency to book many of their travels. They do it all over the phone and via email.


10 posted on 09/22/2019 7:24:02 AM PDT by laplata (The Left/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: ConservativeMind

Liz can barely be bothered with the Bahamas. She certainly isn’t going to help the travelers out.


11 posted on 09/22/2019 7:34:43 AM PDT by bgill
[ Post Reply | Private Reply | To 2 | View Replies]

To: ConservativeMind

Exactly. It is a nice to have thing but not a necessity.


12 posted on 09/22/2019 8:03:28 AM PDT by Sequoyah101 (We are governed by the consent of the governed and we are fools for allowing it.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Starcitizen

I made sure to highlight that fact. The phrase “deal with the devil” absolutely applies, and what they’re experiencing is poetic justice whether they want to acknowledge it or not.


13 posted on 09/22/2019 8:41:44 AM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Olog-hai

The company was doomed when they quit putting out Cook’s Continental Timetable.


14 posted on 09/22/2019 10:04:42 AM PDT by PAR35
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeMind

Apparently they have an airline. There’s a photo of an jet emblazoned with “thomas cook”. Airlines are notorious for failing into bankruptcy. (Pun intended)


15 posted on 09/22/2019 2:40:48 PM PDT by captain_dave
[ Post Reply | Private Reply | To 2 | View Replies]

To: samtheman
Now that brings back memories. I remember going on my first proper trip as an adult, sometime in the early 1980s. Everybody urged me to not carry cash but instead get travellers checks. So down to the bank I went to get my cash exchanged for travellers checks (with the necessary fee).

I just found them a major hassle and nothing marked you more like a tourist then handing those over in lieu of cash.


16 posted on 09/22/2019 2:50:13 PM PDT by SamAdams76
[ Post Reply | Private Reply | To 5 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson