Thomas Cook the UK’s largest travel agent is hours away from collapse.
Tonight as we report the Company is having last ditch attempts to raise a survival financial package. This follows only recently having investment from Club Med and the owners of Wolverhampton football club combining of 450 million pounds.
Thomas Cook currently has 150,000 customers abroad tonight and a collapse could see the largest repatriation ever deployed in British history of stranded Brits abroad.
The Civil Aviation Authority (CAA) and Department for Transport (DfT) are said to be aware of the talks so they can draw up contingency to repatriate customers on holiday should things fall apart.
The British company was founded 178 years ago by a 32-year-old cabinet-maker who began offering one-day train excursions from Leicester to Loughborough for a shilling.
If matters can’t be finalised tonight which are looking doubtful at present, the Company will be remembered for far different reasons than it’s origins.
It has gone on to be one of the worlds largest travel companies and could soon hold the record for the largest travel agency crash in the world to!
We will continue to monitor events here at the Euro Weekly News and keep you informed of tonight’s drastic developments.