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Tag: Thomas Cook

Thomas Cook sells majority stake to Chinese shareholder Fosun

Embattled travel firm Thomas Cook has agreed to a rescue deal with major investor Fosun Tourism Group, its banks and a majority of its...

Thomas Cook says Fosun bailout is its best option

After news of Thomas Cook being approached for takeover by its largest investor Fosun Tourism, the UK travel company reportedly said last week that...

Thomas Cook confirms takeover talks with Fosun, its largest stakeholder

British travel giant Thomas Cook has confirmed that China's Fosun Tourism Group was in talks to buy its tour operator business. Fosun, which acquired a...

Thomas Cook sale on the cards

Thomas Cook is in preliminary talks for a takeover by potential bidders, according to Sky News. ‎The UK tour company has been approached by several...

Thomas Cook China, Hanatour team up to launch Japanese DMC

Thomas Cook China, a joint venture between Thomas Cook Group and Fosun Tourism Group, has signed an agreement with Hanatour Japan to establish a...

WA banks on Perth flights to kick-start pursuit of Indian tourists

The ministry of tourism in Western Australia is planning a multi-million-dollar push in India while seeking to address the lack of direct air connectivity...

Thomas Cook’s Thai JV may be way of the future for...

Large European tour operators appear to have an appetite to establish their own DMCs rather than outsource the handling of their passengers to in-destination...

Thomas Cook creates Thailand DMC in joint venture with Asian Trails

Thomas Cook Group and Asian Trails will create a new joint venture DMC in Thailand, set to begin operating on November 1 and handle...

Cook alliance with Expedia could ‘lock out’ competitors

Thomas Cook’s strategic alliance with Expedia could “lock out” the operator’s major competitors from signing with the OTA giant themselves, according to a leading...

Thomas Cook’s China JV targets tenfold increase in coming year

Thomas Cook China, a joint venture between Thomas Cook and Chinese investment conglomerate Fosun, is gunning for a tenfold times increase in customer numbers...

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