Categories: Breaking

Thomas Cook’s financial issues: Urgent and 1 billion euro

Travel company Thomas Cook (Neckermann) is in financial trouble. There has been acute for more than 1 billion euros are needed for the low winter season to come. It reports the Dutch newspaper De Telegraaf on Sunday.

to Rescue the Chinese shareholder, Fosun Tourism Group via a capital injection, together with the banks, and, as a result, according to insiders, the day of the dates, according to the newspaper.

Thomas Cook has been in Europe and have an annual turnover of approximately 10 billion euros and over 20,000 employees. Each year, more than 20 million tourists, with a Cook on their holiday. It is the oldest travel company, which was founded in the United Kingdom, around 1845.

The loss-making toerismeconcern, and that of tour operators, travel agencies, hotels, and airplanes, has faced with a debt burden of around eur 2 billion.

John Torrendo

Recent Posts

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is nice to benefit from an influx…

1 month ago

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the thermometer are enough to make us…

1 month ago

Rain spell next week: here are the regions affected

France is coming out of a week of extreme cold, with temperatures which, locally, reached…

1 month ago

Home help in 2024: some elderly people will pay more than expected

When loss of autonomy comes knocking at the door of elderly people, staying at home…

1 month ago

Portugal: a tax haven for individuals and retirees

More and more individuals, but also retirees, are choosing to go into exile in Portugal…

1 month ago

CSG: how much will you pay in 2024?

CSG, CRDS, Casa… Social security contributions are numerous and can sometimes significantly impact the amount…

1 month ago