Thomas Cook shutdown could hit India’s inbound travel
5 years, 3 months ago

Thomas Cook shutdown could hit India’s inbound travel

Live Mint  

New Delhi: With British travel giant Thomas Cook going belly up, India's inbound travel could be severely hit and hence adverse impact on foreign exchange earning too in the months to come. Travel industry sources said that Thomas Cook sends a lot of high-spending tourists to India from countries such as UK, Germany and France. "With the recent developments relating to the iconic British Travel Company, Thomas Cook PLC, being reported in the media, it is imperative to highlight that Thomas Cook India Group is a completely different entity since August 2012 when it was acquired by Fairfax Financial Holdings, a Canada-based multinational with varied interests across the globe as well as in India," Thomas Cook India said in a statement allaying fears of its clients and customers. An industry insider, however, said it is a big task for Thomas Cook India to convince common people that it is not related to the ailing UK travel firm.

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History of this topic

Thomas Cook shuts systems after cyber attack takes down IT infrastructure; probe underway
1 week, 2 days ago

Thomas Cook shuts systems after cyber attack takes down IT infrastructure; probe underway

Live Mint  

Global travel agency Thomas Cook's Indian arm closed its affected systems after a cyber attack took down its IT infrastructure, according to an exchange filing on Tuesday, December 31. “We are working with leading cyber security experts to support our investigation and identify the extent of the issue and take remedial action as necessary,” said Thomas Cook in the filing. …

Great Indian Journeys: Thomas Cook India, SOTC Travel partner with Amar Chitra Katha to bring alive India’s heritage
4 years, 3 months ago

Great Indian Journeys: Thomas Cook India, SOTC Travel partner with Amar Chitra Katha to bring alive India’s heritage

Hindustan Times  

Travel services firm Thomas Cook India on Thursday said it along with group firm SOTC Travel have partnered with Amar Chitra Katha to bring alive India’s heritage with the launch of ‘Great Indian Journeys’. Thomas Cook India-Amar Chitra Katha to bring alive India’s heritage The itineraries curated under this offering present young explorers and parents with an engaging format to …

Thomas Cook Group brand reincarnated as online travel agent
4 years, 3 months ago

Thomas Cook Group brand reincarnated as online travel agent

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Almost a year after the Thomas Cook Group collapsed with the loss of thousands of jobs, …

Thomas Cook gets brand right for India, Sri Lanka
5 years, 1 month ago

Thomas Cook gets brand right for India, Sri Lanka

Deccan Chronicle  

Chennai: Travel service provider Thomas Cook India will be acquiring rights to use the iconic brand in India as well as Sri Lanka and Mauritius for a one-time payment of Rs 13.9 crore. “In 2012 when TCIL were acquired by Fairfax Financial Holdings of Canada, we had entered into a Brand Licence Agreement with the erstwhile Thomas Cook Group of …

Thomas Cook India completes corporate restructuring
5 years, 1 month ago

Thomas Cook India completes corporate restructuring

India TV News  

Travel services firm Thomas Cook India on Monday said its corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru. ".the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Ltd and Travel Corporation Ltd and TC Travel Services Ltd and SOTC Travel Management Pvt Ltd and Thomas Cook Ltd and Quess Corp Ltd …

Thomas Cook collapse: former bosses berated by MPs
5 years, 2 months ago

Thomas Cook collapse: former bosses berated by MPs

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A month after the collapse of Thomas Cook, two former chief executives and a former finance …

Thomas Cook: a timeline of the slow and painful death of the travel firm
5 years, 2 months ago

Thomas Cook: a timeline of the slow and painful death of the travel firm

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. By February the airline was put up for sale, and on 1 March 2019 Thomas Cook started talks with the …

CRISIL keeps credit rating of Thomas Cook India unchanged; firm to consider transitioning to a new brand
5 years, 3 months ago

CRISIL keeps credit rating of Thomas Cook India unchanged; firm to consider transitioning to a new brand

Firstpost  

CRISIL has kept the credit rating of Thomas Cook Ltd unchanged, saying it has no linkage with bankrupt Thomas Cook plc in the UK Mumbai: CRISIL has kept the credit rating of Thomas Cook Ltd unchanged, saying it has no linkage with bankrupt Thomas Cook plc in the UK. “CRISIL’s credit bulletin dated Sep 26, communicated to Thomas Cook Ltd, …

Why Thomas Cook collapsed: How debt, heatwaves and the internet sent travel giant into a spin
5 years, 3 months ago

Why Thomas Cook collapsed: How debt, heatwaves and the internet sent travel giant into a spin

The Telegraph  

Right until the end, Thomas Cook enjoyed a seemingly impenetrable reputation alongside other British retail stalwarts. The 178-year-old company remains one of the best known on the high street; but now it joins the likes of Woolworths and BHS; famous names which have also disappeared in recent years. Tracing the history of Thomas Cook Thomas Cook’s long history stretches back …

First Thomas Cook holidaymakers make it home on £100m airlift
5 years, 3 months ago

First Thomas Cook holidaymakers make it home on £100m airlift

Daily Mail  

Flights carrying stranded Thomas Cook customers have started arriving home today amid mounting fury over how its bosses plundered £30million in pay and bonuses before Britain's most famous travel firm went to the wall. Planes with the company's livery are being in the repatriation effort, although they are staff by other firms' workers Chaos at Son Sant Joan airport in …

Collapse of Thomas Cook Group Plc is 'big blow' to tourism sector in Goa: Industry body
5 years, 3 months ago

Collapse of Thomas Cook Group Plc is 'big blow' to tourism sector in Goa: Industry body

Firstpost  

Savio Messias, president of the Travel and Tourism Association of Goa on Monday said that the of 178-year-old British tour operator Thomas Cook Group Plc is a “big blow” to the tourism industry in the state Goa: Savio Messias, president of the Travel and Tourism Association of Goa on Monday said that the of 178-year-old British tour operator Thomas Cook …

Explained: What led to collapse of Thomas Cook
5 years, 3 months ago

Explained: What led to collapse of Thomas Cook

India TV News  

British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. British travel expert Simon Calder told Sky News that Thomas Cook’s problems started in 1994 when the “open skies” agreement allowed upstarts easyJet and Ryanair to flourish. “There’s still of course a place for travel professionals, there’s a …

Thomas Cook’s collapse ’big blow’ to Goa tourism
5 years, 3 months ago

Thomas Cook’s collapse ’big blow’ to Goa tourism

Live Mint  

Panaji: The collapse of Thomas Cook, one of the oldest tourist travel companies in the world, will be a "big, big blow" to the tourism industry in Goa, president of the Travel and Tourism Association of Goa Savio Messias said on Monday. The head of the travel and tourism industry association in Goa, a state where nearly 1.48 lakh British …

A history of Thomas Cook, one of the world’s oldest travel firms
5 years, 3 months ago

A history of Thomas Cook, one of the world’s oldest travel firms

CNN  

CNN — One of the world’s most well-known tour operators, Thomas Cook offered low-cost package holidays to dozens of destinations worldwide, making it a popular option for travelers in search of an affordable getaway. The brand became a household name, along with its tagline: “Don’t just book it – Thomas Cook it!” Here’s a timeline highlighting a few key moments …

Thomas Cook collapse leaves thousands stranded
5 years, 3 months ago

Thomas Cook collapse leaves thousands stranded

Live Mint  

Thomas Cook Group Plc collapsed under a pile of debt after talks with creditors failed, forcing the British government to hire charter planes to bring thousands of the 178-year-old U.K. travel provider’s customers back home. The last-ditch rescue bid proposed swapping existing debt into shares, leaving Fosun holding the majority of Thomas Cook’s tour-operating business while creditors would have controlled …

Lakhs of holidaymakers stranded as British travel firm Thomas Cook collapses
5 years, 3 months ago

Lakhs of holidaymakers stranded as British travel firm Thomas Cook collapses

India TV News  

Longtime British tour company Thomas Cook collapsed after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers were cancelled early Monday. The Civil Aviation Authority said Thomas Cook has ceased trading, its four airlines will be grounded, and its 21,000 employees in 16 countries, including 9,000 in the UK, will lose their jobs. Most …

UK travel firm Thomas Cook collapses after failing to reach last-ditch rescue deal; over 1 lakh tourists stranded, 22,000 jobs cut
5 years, 3 months ago

UK travel firm Thomas Cook collapses after failing to reach last-ditch rescue deal; over 1 lakh tourists stranded, 22,000 jobs cut

Firstpost  

Thomas Cook, the 178-year-old operator, had been desperately seeking 200 million pounds from private investors to save it from collapse. British travel group Thomas Cook on Monday declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK’s biggest repatriation since World War II to bring back stranded passengers. “Despite considerable efforts, those discussions have not resulted in …

Thomas Cook collapses and thousands stranded as travel giant fails to secure rescue deal
5 years, 3 months ago

Thomas Cook collapses and thousands stranded as travel giant fails to secure rescue deal

The Telegraph  

Thomas Cook has collapsed into liquidation, a failure that consigns the most iconic name in world travel to the annals of history. Richard Moriarty, the chief executive of the UK Civil Aviation Authority, said the Government had asked his organisation to launch "the UK's largest ever peacetime repatriation". In a statement, the CAA said: "Thomas Cook Group, including the UK …

Thomas Cook crisis: As company demands extra fees, customers held hostage
5 years, 3 months ago

Thomas Cook crisis: As company demands extra fees, customers held hostage

India TV News  

Travel Company Thomas Cook is believed to be on the brink of collapse as it needs to secure around £200million in funding on Sunday. The Transport Salaried Staffs Association union, which is representing Thomas Cook, is requesting the government to come forward and bail out or else the company may collapse. Thomas cook which is one of the world's largest …

UK travel giant Thomas Cook faces collapse
5 years, 3 months ago

UK travel giant Thomas Cook faces collapse

Live Mint  

London: Thomas Cook's 178-year existence was hanging by a thread on Sunday after the iconic British travel firm struggled to find further private investment and is now relying on an unlikely government bailout. The operator said Friday that it needed $250 million - in addition to the 900-million pounds rescue deal secured last month - or else face administration, which …

Thomas Cook airlines collapses, leaving thousands stranded after flights cancelled – latest news
5 years, 3 months ago

Thomas Cook airlines collapses, leaving thousands stranded after flights cancelled – latest news

CNN  

New York CNN Business — British tour operator Thomas Cook collapsed on Sunday night, stranding hundreds of thousands of travelers and putting 21,000 jobs at risk. “Fosun is disappointed that Thomas Cook Group has not been able to find a viable solution,” the company said in a statement. For Thomas Cook travelers abroad on holiday packages protected by theAir Travel …

Britain’s Thomas Cook needs $250 million or lakhs of tourists could get stranded
5 years, 3 months ago

Britain’s Thomas Cook needs $250 million or lakhs of tourists could get stranded

Live Mint  

London: Britain's Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world's oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. Lenders are demanding another 200 million pounds in underwritten funds to support Thomas Cook in its winter trading period, when its cash is usually at a low …

Thomas Cook holidaymakers await news as 178-year-old British travel giant could go bust on SUNDAY
5 years, 3 months ago

Thomas Cook holidaymakers await news as 178-year-old British travel giant could go bust on SUNDAY

Daily Mail  

Hundreds of thousands of holidaymakers could find themselves stranded abroad as customers of Thomas Cook face a nervous wait to learn whether the 178-year-old travel agency is going to go bust. Customers queuing at Thomas Cook check-in desks at Gatwick this morning were unsure whether the company would still be trading when the time comes to fly them home Fearful …

Thomas Cook India sees 22 percent growth in bookings this summer
5 years, 6 months ago

Thomas Cook India sees 22 percent growth in bookings this summer

India TV News  

Travel services firm Thomas Cook India on Wednesday said it has witnessed 22 per cent growth in bookings this summer driven by various factors including rising demand from smaller cities and the country's transition from a saver's economy to a spender's economy. According to Thomas Cook India, metro/mini-metro cities such as Mumbai, New Delhi, Hyderabad, Bengaluru, Ahmedabad and Chennai continue …

Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr
5 years, 10 months ago

Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr

Firstpost  

New Delhi: Travel services provider Thomas Cook India Group on Monday said it has acquired 51 percent stake in imaging solutions and services firm Digiphoto Entertainment Imaging, at an enterprise value of $40.6 million. The acquisition marks the group’s entry into an adjacent sector, complementary to its travel and travel-related services portfolio, Thomas Cook India said in a statement. Thomas …

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