You are here: Home - Household Bills - News -

Thomas Cook set to re-launch online

0
Written by: Emma Lunn
07/09/2020
The owners of the collapsed travel agent are rumoured to be planning to reinvent the famous brand as an online travel agent.

Chinese conglomerate Fosun, which bought the Thomas Cook brand after it fell into administration last year, is planning an imminent relaunch of the company, according to Sky News.

An announcement about the online launch is expected in the next few days.

Thomas Cook went into liquidation in September 2019 after last minute negotiations to save the company failed.

According to Sky News, Fosun, which was a big shareholder in Thomas Cook for several years prior to the company’s demise, is drawing up plans to reinvent it as an online travel agent.

The launch could be as soon as later this month and comes at a time when the travel industry is in chaos.

The Association of British Travel Agents (ABTA) has called upon the government to support the travel sector, after estimating that more than 90,000 jobs have already been affected by the coronavirus pandemic.

STA Travel is one of the latest victims of the current travel restrictions – it fell into administration last month.

Fosun will need to secure the necessary regulatory approvals before it can re-launch Thomas Cook online. The Chinese company acquired the name and other intellectual property assets of Thomas Cook for £11m.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week