Sep 15, 2019

Thomas Cook 'racing to finalise rescue deal'

Thomas Cook has said it is "Focused on completing" a rescue deal amid reports that some lenders could vote against the terms of the agreement. Thomas Cook wants to delay a meeting with them to give it more time to negotiate, the Financial Times said. The aviation watchdog, the Civil Aviation Authority refused to comment directly on Thomas Cook. Thomas Cook first announced in June that it had received a takeover approach for its tour business from its largest shareholder Fosun. If a holiday is ATOL-protected it will be clearly marked with a certificate on holiday documents.

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