Thomas Cook, the world's oldest holiday firm, is in a race against time to find an additional £200million to save it from collapsing
The world’s oldest holiday firm is racing against time to secure an additional £200million funding.If that happened, the Civil Aviation Authority would have to pay for 150,000 Britons abroad to be brought home – the biggest repatriation involving a UK firm.An industry expert said: “Hotels would need to be paid to ensure they don’t kick out guests.”Thomas Cook was on the verge of securing a £900million rescue deal led by Chinese firm Fosun, owner of Club Med, at the end of August.
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