Chief Executive of Thomas Cook Rules Out Sale Speculations

Thomas Cook’s chief executive maintains that the company is ready to fulfil its “part in the consolidation”.

Published on
Read: < 1
Chief Executive of Thomas Cook Rules Out Sale Speculations © Daily Management Review

Thomas Cook’s C.E.O informed that there is no current plan of the “holiday company” to sell its “airline business”, while there has been a speculation in the media regarding the company thinking of bidding adieu to it.

On Tuesday, 31 July 2018, the chief executive of Thomas Cook informed the reporters over a phone call, saying: “Currently we have no current plans to sell our airline”.

Nevertheless, he did not completely deny that a sale could be kept pending for sometimes in the future, as he stated in reference to “the consolidation of Europe’s airline industry”: “We have consistently said that we are open to play our part in the consolidation when it makes sense for our business”.

References: reuters.com

Leave a Comment

Share to...