A strategic investor could still take over Thomas Cook Group’s airline division even after the tourism company agreed with banks, bondholders and Chinese shareholder Fosun Tourism Group on the basic terms of a major recapitalization. A strategic review of the airline unit, officially now “paused,” could lead to another transaction once the proposed complex deal involving Fosun and other constituents has been closed, industry sources told ATW. The recapitalization process ...

Subscribe to Access this Entire Article

"Thomas Cook in talks to split airline, tour operations" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.