Daily Management Review

Chief Executive of Thomas Cook Rules Out Sale Speculations


07/31/2018


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



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







Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants

Iran Says Trump’s Belief That US-Iran War Would Be Short Is “An Illusion”