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Old 27 Aug 19, 08:49 PM  
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Lifeisforliving
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Mobile Thomas cook?

So we have just booked to go next year (September) flying with TC.. my husband just msged me saying if they are gonna go bust? Does anyone have an update on what the situation is like now?
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Old 27 Aug 19, 08:51 PM  
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TinselAngel
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I thought I read they had new investors from China and would be ok
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Old 27 Aug 19, 09:07 PM  
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Picklepuppy
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Mobile

They’ll tell you if anything happens which effects your booking. Dont worry I’m sure everything will be fine just enjoy the planning
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Old 27 Aug 19, 10:16 PM  
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Maze_Dazrol
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Mobile

It's only the holiday company not the flight only.
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Old 27 Aug 19, 11:07 PM  
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They are currently in talks with their biggest shareholders fosun for a 750 million investment which should help them steady the ship, the talks are at the advanced stage and should be finalised by October!Fosun have big plans for the holiday company, the airline is profitable so could be sold or remain part owned by Thomas Cook and other investors and Fosun!
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Old 28 Aug 19, 08:54 AM  
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Looks like its all sorted this morning
google/amp/s/b...iness-49493876
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Old 28 Aug 19, 09:57 AM  
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thatdavieguy
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The issue was with the travel agency, not the airline.

The airline was to be sold to let the travel agency side invest, some short sellers tried to put 2+2 together to push their share price down and make money.
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Old 28 Aug 19, 10:00 AM  
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Quensabob
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Originally Posted by thatdavieguy View Post
The issue was with the travel agency, not the airline.

The airline was to be sold to let the travel agency side invest, some short sellers tried to put 2+2 together to push their share price down and make money.
There share price is over, looks like they are gonna be removed from the Stockmarket a sad thing fir shareholders, but can only be a good thing for Thomas Cook!
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Old 28 Aug 19, 10:51 AM  
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itsmeGAV
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Originally Posted by Quensabob View Post
Looks like its all sorted this morning
google/amp/s/b...iness-49493876
Ohhh thanks for the update Quensabob!
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Old 28 Aug 19, 11:28 AM  
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Nimbus
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Originally Posted by Quensabob View Post
Looks like its all sorted this morning
google/amp/s/b...iness-49493876
Thank you for the update! Very much appreciated.

So it looks like Fosun will put in £450m in return for at least 75% of the tour business and 25% of the group's airline whilst TC's lending banks and bondholders will contribute a further £450m for 75% of the airline and 25% of the tour operator business.

Good news for the company (but bad news for shareholders).
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