Aircraft leasing companies are launching moves to recover dozens of Airbus passenger planes after the collapse of British travel group Thomas Cook , market sources said.
Thomas Cook bosses should have to pay back any bonuses they have received, Britain’s opposition Labour Party finance spokesman John McDonnell said on Monday following the travel firm’s collapse.
About 50,000 tourists are stranded in Greece, mainly on islands, as a result of British travel firm Thomas Cook’s collapse, a Greek tourism ministry official told Reuters on Monday.
Most Asian share markets slipped on Monday as investors waited for more clarity on Sino-U.S. trade talks, while oil gained more than 1% as Middle East tensions remained elevated.
Shares in European airlines and travel operator TUI are expected to rise on Monday after the collapse of Thomas Cook , which will cut some overcapacity that has hurt profits and weighed on holiday prices in recent years, traders said.
Thomas Cook’s German holiday airline Condor has asked the German government for a bridging loan, the company said on Monday, adding that it would continue its flight operation despite its parent company’s insolvency.
Indonesian Lion Group’s Malaysian subsidiary Malindo Air said on Monday that two former employees of its e-commerce contractor were responsible for its passenger data breach.
The world’s oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Package holiday provider On The Beach said on Monday it would book a one-time charge for the year as it makes alternate arrangements for passengers affected by the collapse of travel firm Thomas Cook .
Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand.
Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels.
Decades ago, a distiller in Scotland discovered the marketing power of “single malt” whisky, untouched by blending – a technique now being embraced by sellers of Texas crude oil.
British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivized to avoid bankruptcy.
Thomas Cook , the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated.
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