‘I want to apologize to my 21,000 colleagues who I know will be heartbroken’: Thomas Cook CEO Peter Fankhauser apologizes after the travel company went into liquidation. More:
LONDON - Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.
Thomas Cook’s demise, announced in the early hours of Monday after failing to secure a deal with creditors or a government bailout, sparked alarm at hotels where some customers have been asked to pay their bills again by out-of-pocket resort owners. It had agreed a 900 million pound rescue package with its banks and largest shareholder, China’s Fosun , but lenders asked for an additional 200 million pounds to keep it operating through the winter.
There are around 50,000 holidaymakers affected in Greece, and around 35,000 from Nordic countries using Thomas Cook.
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