Thomas Cook worries? Here’s what you need to know
Update 7pm Fri 20 Sept: We’ve updated the story with the latest info we have below as of 7pm Friday, but we’ll add to this story over the weekend if there are major developments. Also see updates on Thomas Cook’s Q&A. Let us know your questions by emailing the MSE news team or posting in the comments below.
The company said it is in talks with stakeholders, including leading shareholder Chinese firm Fosun, to bridge the funding gap.
Of course, it is hoped a deal will be reached, but were the worst to happen, an estimated 180,000 people could be stranded abroad, while the firm employs 22,000 staff around the world, including 9,000 in the UK. In this scenario, the Civil Aviation Authority would be expected to launch a major repatriation operation to fly home many UK holidaymakers stranded abroad.
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