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Thomas Cook CEO resigns amid debt concerns

Thomas Cook Group CEO Manny Fontenla-Novoa resigned Wednesday "with immediate effect," the company announced in a statement. Fontenla-Novoa's departure comes just weeks after the group issued a third profit warning for the current fiscal year and amid concerns about the tour operator's rising debt levels. Deputy CEO Sam Weihagen was appointed interim CEO.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.