Περιληψη : The world's oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in Br
British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivized to avoid bankruptcy.
Thomas Cook Group Plc collapsed under a pile of debt after talks with creditors failed, forcing the British government to hire charter planes to bring thousands of the 178-year-old travel company’s customers back home.
Online travel agent Webjet looks set to take an earnings hit and could write off $43.7 million following the collapse of UK travel company Thomas Cook.
The company's chief executive apologized, adding that all attempts were made to avoid.
British travel company Thomas Cook said it has entered into compulsory liquidation and that all bookings, including flights and holidays, had been canceled—a shutdown affecting more than 600,000 global vacationers.
The travel operator, which has collapsed after 178 years, began with a train trip from Leicester.
The tour operator's failure means more than 150,000 British tourists will need to be repatriated.
All you need to know about the venerable travel firm’s fall into administration.
A huge repatriation effort has begun after company ceases trading with immediate effect, causing flights to be cancelled.