Daily Management Review

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”.

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”.