Thomas Cook company will return to business later this month after its brand name was purchased by another agency, Chinese-based Fosun Tourism, also the owner of Club Med.
The British agency collapsed in September 2019, leaving 2,500 jobs lost and triggering the rescue of 150,000 travellers from the United Kingdom.
Fosun, which holds a major stake in Thomas Cook and had previously failed to negotiate a refinancing deal with creditors, had its bid approved this time when it made a guaranteed offer of eleven-million pounds, or roughly CA$18.6 million.
It is being reported that the relaunched Thomas Cook will be an online-only agency.
