Possible Rescue Deal for Thomas Cook

Thomas Cook Group, a British travel firm which owns four airline brands, may conclude a takeover deal with Fosun Tourism. The Chinese company, which is already the struggling company’s largest shareholder, previously made inquiries in June regarding a takeover of Thomas Cook’s tour business.

The group’s three Thomas Cook-branded airlines include British, Scandinavian, and Spanish entities. It also owns Condor, a German leisure airline.

Source: BBC