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

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA