The 178-year-old tour operator failed to secure a £200 million rescue on Sunday, leading it to suspend its flights and bookings.
Thomas Cook, the storied British travel company and airline, declared bankruptcy early Monday morning, local time. About 600,000 travelers, including 150,000 Britons, were left stranded, leading the British government to begin the largest peacetime repatriation effort in history. The tour operator was still scrambling to secure an additional £200 million in emergency funding on Sunday. The effort was apparently unsuccessful. Visit Business Insider's homepage for more stories.
Thomas Cook, the storied British travel company and airline, declared bankruptcy early Monday morning, local time. About 600,000 travelers, including 150,000 Britons, were left stranded, leading the British government to begin the largest peacetime repatriation effort in history. The tour operator was still scrambling to secure an additional £200 million in emergency funding on Sunday. The effort was apparently unsuccessful. Visit Business Insider's homepage for more stories.
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