Thomas Cook has been told it needs to find an extra £200 million in extra funding in order to secure its future. The troubled operator has hoped to seal a rescue deal led by Fosun Tourism Group this week.
Following a recent tender process, Thomas Cook has appointed G Adventures and G Touring as its new Thomas Cook Tours partner.
Friendly Planet Travel, a global tour operator based in Jenkintown, Pennsylvania, has agreed to acquire New York-based Cuba specialist InsightCuba.
France’s civil aviation authority stated that France’s second-largest airline has gone into receivership after filing for bankruptcy on Monday and losing millions of euros.
A “significant majority” of Transat shareholders have voted in favour of the $720 million deal with Air Canada, giving the proposed acquisition another green light on the road to completion.
The Competition & Markets Authority has warned Sabre’s proposed takeover of Farelogix raises competition concerns in the supply of IT systems used by airlines and travel agents to sell airline tickets.
It was a mixed bag of results for Caribbean hotels in June as compared to June 2018, according to hotel analytics firm STR.
PONANT has announced plans to acquire French Polynesia and South Pacific specialist Paul Gauguin Cruises.
The last in Caribbean News Digital
Thomas Cook Needs Extra Cashflow to Clinch Takeover
Thomas Cook, G Adventures Forge Partnership
Tour Operator Friendly Planet Travel Acquires InsightCuba
France’s Cash-Strapped Aigle Azur Airline Closes