|Traded as|| LSE: TCG|
|Fate||Ceased trading and entered into compulsory liquidation|
|Founded||5 July 1841 in Leicester, England as Thomas Cook|
|Defunct||23 September 2019|
|Headquarters||London, England, United Kingdom|
| Frank Meysman Non-Executive Chairman|
Peter Fankhauser (CEO)
|Products||Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts|
Number of employees
|Divisions||Thomas Cook Group Airlines|
Thomas Cook Group plc was a British global travel group. It was formed on 19 June 2007 by the merger of Thomas Cook AG (itself the successor to Thomas Cook & Son) and MyTravel Group.The group operated in two separate segments: a tour operator and an airline. It also operated travel agencies in Europe. On 23 September 2019 Thomas Cook Group and all UK entities went into compulsory liquidation.
Thomas Cook was listed on both the London Stock Exchange and the Frankfurt Stock Exchange. The Thomas Cook Group ceased trading on 23 September 2019. Approximately 21,000 worldwide employees were left without jobs (including 9,000 UK staff) and 600,000 customers (150,000 from the UK) were left abroad, triggering the UK's largest peacetime repatriation.
After the collapse, segments of the company were purchased by others, including the travel stores in the UK, the airlines, the Thomas Cook name and logo, the hotel brands and the tour operators. Thomas Cook India has not been affected, as Thomas Cook India is an entirely different entity since August 2012 when it was acquired by Fairfax Financial.
In February 2007, it was announced that Thomas Cook AG and MyTravel Group plc were to merge. The companies announced they expected to make savings of over £75 million a year, following the integration of the two businesses. Under the terms of the merger, the owners of Thomas Cook AG, KarstadtQuelle (later Arcandor), owned 52% of the new group. The shareholders of MyTravel Group owned the remaining 48% share.The merger was completed in June 2007, and took place through the formation of 'NewCo' which effectively purchased MyTravel and Thomas Cook and was then listed on the London Stock Exchange under the name of Thomas Cook Group plc.
On 14 February 2008, Thomas Cook bought booking website Hotels4U.com for £21.8 million.On 6 March 2008, the company bought back its licence to operate the Thomas Cook brand in the Middle East and Asia from the Dubai Investment Group for an amount estimated to be around 249 million euros. In April 2008 Thomas Cook bought the luxury travel firm Elegant Resorts from its founders Geoff Moss and Barbara Catchpole for an undisclosed figure. The company took over Preston-based Gold Medal International, owner of NetFlights, in a deal worth £87 million in December 2008.
On 8 March 2009, Thomas Cook signed a deal with Octopus Media Technology to host, upload, and provide an online video player for Thomas Cook TV.In Spring 2009 Thomas Cook UK signed a deal with International Entertainment Supplier The E3 Group, to exclusively supply entertainment to the group. In June 2009, Thomas Cook's majority shareholder Arcandor filed for bankruptcy, although the group was not affected. Arcandor's shares in Thomas Cook were sold by its creditor banks in September 2009.
In July 2010, Thomas Cook Group bought German tourism company Öger Tours, which was owned by Vural Öger.
In 2010, the Thomas Cook Group reached an agreement with The Co-operative Group to merge its branch network with that of The Co-operative Travel. The merger was approved by the Competition Commission in 2011, and the joint venture was 66.5% owned by the Thomas Cook Group, 30% owned by The Co-operative Group and 3.5% owned by the Midlands Co-operative (renamed the Central England Co-operative in 2014).The merger created the UK's largest travel network. Thomas Cook's Going Places branded branches were rebranded under the Co-operative's brand.
In May 2012, Harriet Green was appointed as the chief executive officer of Thomas Cook Group,succeeding Manny Fontenla-Novoa, who was CEO from 2003 until August 2011. On 1 July 2013, Thomas Cook announced that it would cease publishing the Thomas Cook European Timetable , along with closure of the rest of its publishing business. The final edition of the timetable was published in August 2013, but publication resumed in early 2014 under a new publishing company not affiliated with Thomas Cook.
In February 2014 Thomas Cook Group sold Gold Medal Travel, including Netflights.com, to dnata for a reported £45 million.On 26 November 2014, it was announced that Green was leaving with immediate effect, and that COO Peter Fankhauser would take over as CEO.
In October 2006, two young British children, Christianne and Robert Shepherd aged seven and six years old respectively, died from carbon monoxide poisoning caused by a faulty boiler while on a holiday in Corfu booked through Thomas Cook.They were the first such deaths in the company's history. Two Thomas Cook employees were subsequently amongst 11 defendants facing manslaughter by negligence charges at a criminal trial in Greece in 2010; both were acquitted and the company was cleared of any wrongdoing.
In 2015, a UK inquest was held into the children's deaths; the jury returned a verdict of unlawful killing and concluded that the travel group had "breached its duty of care".
After the inquest, The Mail on Sunday published a news story saying that Thomas Cook had received £3 million from the owners of the hotel where the children's deaths had occurred.In response, Thomas Cook made a charitable donation of £1.5m to Unicef. However, the children's family said that they had not been consulted about this donation, which itself became the subject of criticism. In UK newspaper The Independent Joanna Bourke wrote: "Nothing Thomas Cook could ever do would bring back the two children killed by carbon monoxide poisoning on a Greek holiday in 2006. But the firm's handling of the case has been a lesson in how not to manage a crisis".
In 2016 the Co-operative Group decided that it would exercise its option to quit the branch network joint venture. Thomas Cook Group announced it would buy out the stakes in The Co-operative Travel owned by The Co-operative Group and Central England Co-operative, taking full control of the retail network and re-branding the high street travel stores that had operated under the Co-operative brand gradually during 2017–18.
In March 2017, Thomas Cook announced the sale of its Belgian airline operations to Lufthansa. As a result, Thomas Cook Airlines Belgium was shut down by November 2017 with two aircraft and all traffic rights being handed to Brussels Airlines. Its three remaining aircraft were relocated to sister companies.
In August 2018, a British couple, John and Susan Cooper aged 69 and 63 respectively, died on a Thomas Cook holiday, while staying at the Steigenberger Aqua Magic in the Red Sea resort of Hurghada. According to the Egyptian authorities, John died of a heart attack and Susan died of shock.The couple's daughter, also present at the resort, blamed the faulty air conditioning system at the resort. Thomas Cook hurriedly evacuated around 300 holidaymakers staying in the same hotel after other guests started to fall ill.
In November 2018, business analysts suggested that Thomas Cook should split the business to help recover its financial health.
In February 2019, the Financial Times newspaper said that the Thomas Cook Group had received bids for its airline business, which includes Condor, and also the company as a whole.In March 2019, Thomas Cook UK announced 21 travel office closures and the redundancy of 300 staff, justifying the decision with the fact that 64% of bookings had been made online in 2018.
In May 2019 the company reported that it had secured £300 million of emergency funding from its banks.Then in May 2019, the company announced a loss of £1.5 billion for the first half of its financial year, with £1.1 billion of the loss being attributable to goodwill write-downs. In June 2019, Thomas Cook said that it was in talks with the Chinese company Fosun International with regard to the possible sale of its tour operator business. On 28 August 2019, Thomas Cook announced that Fosun would pay £450 million for 75% of the firm's tour business and 25% of its airline.
By September 2019, Thomas Cook Group was "the most shorted company on the London Stock Exchange,"and reports began to emerge that the company was "in last minute negotiations" with bondholders, in order to approve the Fosun takeover. Less than a week later, Thomas Cook asked HM Government to fund a £200 million gap in the company's finances to prevent the firm falling into administration. The company had by that point secured £900m in funding as part of a debt-for-equity swap, including £450m from Fosun.
Despite this, a late demand is reported to have emerged from the Group's funders, including Royal Bank of Scotland and Halifax,who insisted that the Group be sufficiently recapitalised to ensure operations were protected through to January, when bookings are traditionally quieter and liquidity would be challenging. This demand meant the group needed an extra £200 million of funding to keep the company operational. These efforts did not succeed, with the UK Government Secretary of State for Transport Grant Shapps rejecting any discussion of UK intervention. Media reports had earlier indicated that a group, including the Turkish government and a group of Spanish hoteliers backed by Spanish ministers, had offered financial support in order to assist their domestic industries, but that rescue had failed because "the British government said it was not prepared to provide any financial guarantees to underpin the funding package."
A final failed attempt to prevent the Thomas Cook Group from administration or liquidation took place the evening of 22 September 2019. At around midnight on 23 September, airports in the UK began to impound Thomas Cook aircraft upon arrival, citing "default in payment of airport charges".Shortly after 02:00 BST, the Civil Aviation Authority (CAA) announced that the Thomas Cook Group had entered liquidation and ceased operations with immediate effect, leaving around 600,000 tourists overseas. The collapse of the company marked the end of a brand name that had been in continuous use since 1841.
The collapse triggered an operation initiated by the CAA, aiming to repatriate 150,000 British citizens from abroad. The operation was codenamed 'Operation Matterhorn' and overtook the 2017 collapse of Monarch Airlines as the UK's biggest peacetime repatriation. Around 40 aircraft from various airlines, including easyJet and Virgin Atlantic, as well as at least one Airbus A380 from Malaysia Airlines,were chartered. Insurance companies took care of customers from Germany, one of the former company's biggest markets.
David McHugh of CTV News reported that there were many factors that led to the collapse: a high debt load of £1.6 billion ($2 billion) combined with a changing travel market and online competition, events such as terrorist attacks in tourist destinations including Tunisia, the European heat wave in 2018, uncertainty caused by Brexit, and high fuel costs.
On 9 October 2019, independent travel agent Hays Travel announced that it had acquired all 555 former Thomas Cook travel stores in the UK, and planned to re-employ a "significant number" of former employees.Hays, which already operated 190 of their own stores, expected to retain over 25% of the retail staff, saving roughly 2,500 jobs.
Meanwhile, on 30 October 2019, an investment consortium consisting of Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital announced that they had acquired the assets of Thomas Cook Northern Europe (also known as the Ving Group) including the Ving, Spies and Tjäreborg travel agencies, Thomas Cook Airlines Scandinavia, and the Sunwing and Sunprime hotel brands, with Stordalen and Altor owning 40% each and TDR Capital owning the remaining 20%. Thomas Cook Airlines Scandinavia was then rebranded as Sunclass Airlines.There were reports on 31 October 2019 that Swiss-based investment firm LMEY Investments intended to re-acquire the Aldiana hotel brand, which it jointly owned with Thomas Cook, by buying Thomas Cook's 42% minority shareholding.
Fosun International purchased the Thomas Cook name and logo, along with the Casa Cook and Cook's Club hotel brands, for £11 million on 1 November 2019.Then, on 8 November 2019, it was announced that Thomas Cook's airport slots had been sold to easyJet and Jet2holidays for £36 million, with the former acquiring Gatwick and Bristol and the latter acquiring Birmingham, London Stansted and Manchester. Thomas Cook Germany announced that it would close down on 1 December 2019, after having failed to find a buyer, with administrators in talks to sell Thomas Cook Germany's tour operators Öger Tours, Bucher Reisen, Neckermann and Air Marin and find buyers for hotel brands Sentido and Smartline.
Neset Kockar, the chairman of Turkish tour operator Anex Tours, acquired Russian tour operator Intourist from Thomas Cook's liquidators on 15 November 2019.Meanwhile, Anex Tours acquired Thomas Cook Germany's tour operators Öger Tours and Bucher Reisen, saving 84 jobs, on 21 November 2019. Anex Tours also acquired the trademark rights for tour operator Neckermann Reisen from Thomas Cook Germany's liquidators on 2 January 2020.
The German travel group DER Touristik acquired the Sentido hotel brand, with the deal subject to antitrust approval, on 4 December 2019.Thomas Cook Balearics had closed down after becoming insolvent on 26 December 2019.
On 24 January 2020, it was announced that Polish carrier LOT Polish Airlines had acquired German airline Condor, with the acquisition expected to be completed by April 2020 once antitrust approval had been secured.However, on 13 April 2020, it was announced that LOT Polish Airlines had withdrawn its offer to acquire German airline Condor, with the German government agreeing to support Condor with emergency liquidity. The German airline Thomas Cook Aviation filed for bankruptcy due to the COVID-19 pandemic on 2 April 2020.
On 16 September 2020, Fosun International relaunched Thomas Cook Tourism, an online travel company with 50 employees.
At the time of the 2007 merger, 52% of the shares in the new company were held by the German mail-order and department store company Arcandor (the former owner of Thomas Cook AG) and 48% owned by the shareholders of MyTravel Group. Arcandor filed for bankruptcy in June 2009,and its shares in Thomas Cook were sold in September 2009.
As of June 2016, Thomas Cook Group plc's three major shareholders were Invesco (19%), Standard Life Investments (10%), and the business magnate and investor Guo Guangchang (7.03%). The remainder of the stock floated freely.
Thomas Cook Group employed approximately 21,000 staff worldwide, with 9,000 in the United Kingdom.
Thomas Cook Retail Limited was the UK travel agent, and successor to Thomas Cook & Son stores.It was a subsidiary of the Thomas Cook Group, who operated a total of 555 travel stores all over the United Kingdom. The agents primarily sold package holidays under the in-house British tour operator Thomas Cook Tour Operations, and flight-only bookings with Thomas Cook Airlines. On 23 September 2019, the business entered compulsory liquidation, like all other UK entities in the group.
|Tour operator||Country||Logo||Joined the group||Fate|
|Thomas Cook Tour Operations||United Kingdom||Sunny Heart||2001-2019||Compulsory liquidation; closed down on 23 September 2019.|
|Thomas Cook Germany||Germany||Sunny Heart||2001-2019||Compulsory liquidation; closed down on 1 December 2019.|
|Thomas Cook France||France||Sunny Heart||2001-2019||Compulsory liquidation.|
|Thomas Cook Netherlands||Netherlands||Sunny Heart||2001-2019||Compulsory liquidation.|
|Thomas Cook Belgium||Belgium||Sunny Heart||2001-2019||Compulsory liquidation.|
|Thomas Cook China||China||Sunny Heart||2016-2019||Majority owned by Fosun Tourism.|
|Thomas Cook India||India||Globe||1881-2012||Sold to Fairfax Financial.|
|Airtours||United Kingdom||Independent logo||2007-2019 (former MyTravel Group subsidiary)||Compulsory liquidation; closed down on 23 September 2019.|
|Sunny Heart||2007-2019 (former MyTravel Group subsidiary)||Acquired by an investment consortium.|
|Tjäreborg||Finland||Sunny Heart||2007-2019 (former MyTravel Group subsidiary)||Acquired by an investment consortium.|
|Spies||Denmark||Sunny Heart||2007-2019 (former MyTravel Group subsidiary)||Acquired by an investment consortium.|
|Sunny Heart||2001-2019 for Poland and Hungary|
2007-2019 for Czech Republic
|Sunny Heart||2001-2019||Compulsory liquidation; acquired by Anex Tours.|
|Intourist||Russia||Independent and Sunny Heart||2011-2019||Acquired by Anex Tours.|
|Sunquest Vacations||Canada||Independent||1995-2013||Sold to Transat A.T..|
|Öger Tours||Germany||Independent||2010-2019||Acquired by Anex Tours.|
Thomas Cook In Destination Management Limitedwas an overseas management company, operating on behalf of its British sister tour operator and airline. The business was in charge of managing bus transfers to hotels and providing hotel 'reps' for Thomas Cook customers. It ceased operations on 23 September 2019 after Thomas Cook Group and its UK entities entered compulsory liquidation.
The majority of hotels were located in Europe, primarily in countries within the European Union.Brands included Casa Cook, Sentido, Sunprime, Cook's Club, Aldiana, Sunwing, SunConnect, and Smartline.
The Thomas Cook Group's airline division operated as one operating segment, the Thomas Cook Group Airlines (TCGA).
|Thomas Cook Airlines UK||United Kingdom||2003-2019||Thomas Cook Airlines was established in 2003 after being renamed from the former JMC Air. As of 2016, the airline operated an 'all Airbus fleet' operating the Airbus A321 and Airbus A330.||Compulsory liquidation; closed down on 23 September 2019.|
|Condor Flugdienst||Germany||2001-present||Condor Flugdienst is a German carrier who were established in 1956 being previously a fully owned subsidiary of Lufthansa operates a mixed fleet of both Boeing and Airbus aircraft.||Continues to operate; under offer to be acquired by LOT Polish Airlines, subject to approval by antitrust authorities. LOT Polish Airlines withdrew its offer on 13 April 2020.|
|Thomas Cook Aviation||Germany||2017-2020||In January 2017 AB Aviation GmbH received the approval for the Air Operator's Certificate (AOC) after being acquired by Thomas Cook Group. The company was renamed to Thomas Cook Aviation.||Filed for bankruptcy on 2 April 2020.|
|Thomas Cook Airlines Balearics||Spain||2017-2019||Thomas Cook Airlines Balearics were established in 2017 after the acquisition of Thomas Cook Airlines Belgium to Lufthansa. The airline operated 6 Airbus A320-200 aircraft and operated in the United Kingdom and Germany.||All aircraft transferred to Condor; closed down on 26 December 2019.|
|Thomas Cook Airlines Scandinavia||Norway|
|2007-2019||Thomas Cook Airlines Scandinavia was a Scandinavian airline that operated flights from Denmark, Norway, Sweden and Finland to worldwide destinations. The airline operated the Airbus A321-200, Airbus A330-200 and Airbus A330-300.||Acquired by an investment consortium and rebranded as Sunclass Airlines on 30 October 2019.|
|Thomas Cook Airlines Belgium||Belgium||2002-2017||Thomas Cook Airlines Belgium was a Belgian leisure airline owned by the Thomas Cook Group. It operated scheduled flights to destinations throughout Europe and Africa from its base at Brussels Airport.||Ceased operations when it was sold to Lufthansa AG in 2017.|
|Thomas Cook Airlines Canada||Canada||2010-2013||Thomas Cook Airlines Canada was a Canadian charter division of the Thomas Cook Group based in Montreal, Quebec, Canada. It served destinations to the Caribbean, Mexico and to North America.||Ceased operations when Thomas Cook Group sold Sunquest Vacations in March 2013.|
The Thomas Cook Group Airlines fleet consisted of the following aircraft before its collapse:
|Airbus A320-200||16||—||–||180||180||Operated by Condor and Thomas Cook Airlines Balearics|
|Airbus A321-200||57||1||–||220||220||Operated by Thomas Cook Airlines UK and Scandinavia, Condor and Thomas Cook Aviation|
|Airbus A330-200||9||—||49||273||322||Operated by Thomas Cook Airlines UK and Thomas Cook Airlines Scandinavia|
|Airbus A330-300||3||—||–||408||408||Operated by Thomas Cook Airlines Scandinavia|
|Boeing 757-300||15||—||–||275||275||Operated by Condor|
|Boeing 767-300||16||1||53||217||270||Operated by Condor|
Thomas Cook was a main sponsor of Manchester City and Peterborough United football clubs. On 22 May 2009, Manchester City announced that its six-year partnership with Thomas Cook would conclude at the end of the 2008–09 Premier League season.Thomas Cook was a sponsor of the London 2012 Summer Olympics. As one of the UK's biggest and most popular providers of package holidays, Thomas Cook was appointed to provide "affordable and accessible" holidays and accommodation throughout the games.
MyTravel Group plc was a British, global travel group headquartered in Rochdale, England. It was founded in 1972 as Airtours Group. The group included two in-house airlines, MyTravel Airways UK and MyTravel Airways Scandinavia, and various tour operators around the world. On 19 June 2007, the group merged with Thomas Cook AG to form the Thomas Cook Group plc.
Monarch Airlines, also known as Monarch, was a British charter and scheduled airline founded by Bill Hodgson and Don Peacock and financed by the Swiss Sergio Mantegazza family. The company later became a low-cost airline in 2004 before abandoning charter flying completely. The airline's headquarters were at Luton, and it had operating bases at Birmingham, Leeds/Bradford, Gatwick and Manchester.
Condor, legally incorporated as Condor Flugdienst GmbH, is a German charter airline based in Frankfurt. It operates scheduled flights to leisure destinations in Africa, the Caribbean, Europe, South Asia and North America. Its main base is at Frankfurt Airport with further smaller bases at other German airports.
Thomas Cook Airlines Limited was a British charter and scheduled airline headquartered in Manchester, England. It was founded in 2007 from the merger of Thomas Cook Group and MyTravel Group, and was part of the Thomas Cook Group Airlines. It served leisure destinations worldwide from its main bases at Manchester Airport and Gatwick Airport on a scheduled and charter basis. It also operated services from eight other bases around the United Kingdom. Thomas Cook Group plc and all UK entities including Thomas Cook Airlines entered compulsory liquidation on 23 September 2019.
TUI AG, also known as TUI Group, is an Anglo-German multinational travel and tourism company headquartered in Hanover, Germany. It is the largest leisure, travel and tourism company in the world, and it owns travel agencies, hotels, airlines, cruise ships and retail shops. The group owns five European airlines – the largest holiday fleet in Europe – and several tour operators based in Europe.
A package tour, package vacation, or package holiday comprises transport and accommodation advertised and sold together by a vendor known as a tour operator. Other services may be provided such a rental car, activities or outings during the holiday. Transport can be via automobile, buses, charter airline, and may also include travel between areas as part of the holiday. Package holidays are a form of product bundling.
Intourist is a Russian tour operator, headquartered in Moscow. It was founded on April 12, 1929 and served as the primary travel agency for foreign tourists in the Soviet Union. It was privatized in 1992 and from 2011, was 50.1% owned by the British Thomas Cook Group until its collapse in September 2019. In November 2019, Anex Tours acquired the stake from the British Official Receiver.
Thomas Cook AG was an Anglo-German, global travel group. The group had its headquarters in Rochdale, and sold products such as package holidays and flights through its 3 in-house airlines. On 19 June 2007, the group merged with MyTravel Group plc to form the Thomas Cook Group plc, which was listed on the London Stock Exchange.
First Choice Holidays Limited is a UK-based online travel agency and tour operator, headquartered in Luton, England. It is a subsidiary of TUI UK, itself a subsidiary of TUI AG, and its holidays are sold in TUI stores and websites. The package holiday provider also runs own brand hotels.
Thomas Cook & Son, originally simply Thomas Cook, was a company founded by Thomas Cook, a cabinet-maker, in 1841 to carry temperance supporters by railway between the cities of Leicester, Nottingham, Derby and Birmingham. In 1851, Cook arranged transport to the Great Exhibition of 1851. He organised his first tours to Europe in 1855 and to the United States in 1866.
Air Travel Organisers' Licensing (ATOL) is a United Kingdom Civil Aviation Authority (CAA) scheme to give financial protection to people who have purchased package holidays and flights from a member tour operator.
The XL Leisure Group (XLLG) was a major tour operating company in the UK, consisting of charter and scheduled airlines, holiday companies and flight-only tour operators. It also had operations in France, Germany, Ireland, Australia and Cyprus. The group's UK companies were placed into administration on 12 September 2008.
Fosun International Limited is a Chinese conglomerate and investment company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Xu Xiaoliang and Chen Quiyu. Wang Qunbin joined Guo Guangchang as Co-Chairman in early 2020. The company is located in 16 countries and is one of the largest privately owned conglomerates in China. It was ranked 371st on the Forbes Global 2000 ranking in 2020.
The Co-operative Travel is a travel agency brand used by some independent retail co-operatives in the United Kingdom, such as Midcounties Co-operative, through their access to The Co-operative brand. Between 2011 and 2016 the brand was also used by TCCT Retail Limited, a travel agency run as a joint venture between the Thomas Cook Group, The Co-operative Group and Central England Co-operative.
TUI Travel PLC was a British leisure travel group headquartered in Crawley, West Sussex. The company was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owned 56.4%. The company operated in 180 countries and claimed 30 million customers.
Peter Fankhauser is a Swiss businessman, who was the chief executive officer (CEO) of the Thomas Cook Group from 2014 until its collapse in 2019.
Jet2Holidays Limited is a British package holiday provider and tour operator. It was formed in 2007 as a subsidiary of Dart Group PLC, and a sister to Jet2.com, the third-largest scheduled airline in the UK. As of 2018, Jet2holidays is the second-largest tour operator in the United Kingdom, by ATOL licenses granted.
Thomas Cook Aviation GmbH was a German leisure airline launched in 2017 and a technical subsidiary of Condor. It operated scheduled flights exclusively on behalf of Condor to destinations throughout Europe, from its bases in Düsseldorf and Leipzig. In April 2020, the airline filed for insolvency.
Sunclass Airlines A/S is a Danish charter airline that operate charter services from Norway, Sweden, Denmark and Finland. The company is affiliated with Ving Group, a Nordic tour operator. It and Ving Group were a part of Thomas Cook Group until 23 December 2019 when Norwegian investor Petter Stordalen and Strawberry Group rebranded the company as Sunclass Airlines.
Thomas Cook Tourism (UK) Company Limited, known as Thomas Cook UK, is a British package holiday provider. The company was launched in 2019, when Fosun International purchased the brand from the insolvent Thomas Cook Group, and began trading in September 2020.
He said: 'The acquisition of the Thomas Cook brand will enable the group to expand its tourism business building on the extensive brand awareness of Thomas Cook and the robust growth momentum of Chinese outbound tourism.'
We will build on the good things Thomas Cook had — not least its people — and that will put us in even better stead for the future.
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