& # 39; UK Travel Organization Thomas Cook plans to sell an aerospace subsidiary & # 39; | NOW



[ad_1]

Thomas Cook, who manages vacation flights with the aviation subsidiary, would like to be put on sale to reduce the company's debt. Whether it is a complete sale, or the sale of an interest in the airline, is not known.

According to the Sunday Times plans are still at an early stage. There would be no short term sale. The Chinese shareholder of Thomas Cook, Fosun, is mentioned as a potential buyer of the aviation branch.

A spokesman for Thomas Cook says that there is currently no sale. However, the company is open to giving substance to consolidation in aviation, the newspaper reports.

Expansion

Earlier this year, the airline Thomas Cook announced that it would take over some of the Airberlin aircraft in bankruptcy and transfer them to the German subsidiary Condor.

A Spanish subsidiary has also been created. The company intervened in the vacuum that the British charter company Monarch Airlines left after a bankruptcy.

Thomas Cook flies to Europe with over a hundred aircraft from different countries. In the Netherlands, Thomas Cook is known for the Neckermann and Vrij Uit brands.

[ad_2]
Source link