Thomas Cook Needs Extra Cashflow to Clinch Takeover
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.
Thomas Cook, G Adventures Forge Partnership
Following a recent tender process, Thomas Cook has appointed G Adventures and G Touring as its new Thomas Cook Tours partner.
Tour Operator Friendly Planet Travel Acquires InsightCuba
Friendly Planet Travel, a global tour operator based in Jenkintown, Pennsylvania, has agreed to acquire New York-based Cuba specialist InsightCuba.
France’s Cash-Strapped Aigle Azur Airline Closes
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.
Most Transat Shareholders Vote for Air Canada Deal
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.
Sabre’s Move to Acquire Farelogix Raises a Few Eyebrows
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.
STR: Caribbean Hotel Occupancy Skidded in June
It was a mixed bag of results for Caribbean hotels in June as compared to June 2018, according to hotel analytics firm STR.
PONANT to Acquire Paul Gauguin Cruises
PONANT has announced plans to acquire French Polynesia and South Pacific specialist Paul Gauguin Cruises.
20, Sep, 19

Thomas Cook has been told it needs to find an extra £200 million in extra funding in order to secu

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Thomas Cook Needs Extra Cashflow to Clinch Takeover
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Thomas Cook, G Adventures Forge Partnership
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Tour Operator Friendly Planet Travel Acquires InsightCuba
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France’s Cash-Strapped Aigle Azur Airline Closes
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