Feb 7, 2019
Why Thomas Cook thinks a £1bn airline deal is just the ticket
No one would ever reply: "Oh, the Gatwick Wetherspoon's was a real hidden gem, and the flight to Palma a truly uplifting experience." And that is one reason why Thomas Cook is selling its airline business. In the same way that no one ever buys seven nights in Majorca in order to spend two hours on a Boeing 737, the travel group thinks no one buys its shares in order to own an airline. That is the other reason why Thomas Cook is selling its airline business. For many the big question about an airline deal is "Cuánto cuesta"? Thomas Cook's airline business comes with attractive landing slots at capacity constrained airports, such as Frankfurt and Gatwick. Thomas Cook will need to do an airline deal that brings co-operation from the new owner - to keep flying its holidaymakers to Palma and beyond.
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