British tour operator Thomas Cook is on the brink of collapse and at risk of stranding hundreds of thousands of travelers
On Friday, the Royal Bank of Scotland and a range of other banks, including Lloyd's, demanded that Thomas Cook Group PLC find £200 million in funding by next week. Without this injection, the company could collapse over the weekend.On Twitter, the company was telling concerned customers that"media speculation" was unsettling, but that flights and operations were still running as normal.
"Lisa Forbes, the Member of Parliament for Peterborough, where Thomas Cook is based, told CNN that the government should intervene:"It would save the taxpayer money, save thousands of jobs and an iconic British business if the government showed leadership on this issue and demanded the banks support Thomas Cook instead of pushing them towards a cliff edge."She added:"RBS and Lloyds, who were bailed out by the taxpayer, are demanding an extra £200 million.
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