Travel Industry News
UK Agent Hays Buys Thomas Cook Retail Outlets
October 9, 2019
Failed travel company Thomas Cook Group’s UK retail operations have been acquired by Hays Travel, potentially saving up to 2,500 jobs.
Thomas Cook Germany Files for Insolvency
September 25, 2019
Thomas Cook travel companies in Germany have filed for insolvency, as the group tries to limit the fallout from its UK parent’s liquidation and attract investment.
Thomas Cook Collapses, Seeks Liquidation
September 23, 2019
UK-based travel company Thomas Cook collapsed overnight and applied for compulsory liquidation after it failed to secure additional funding over the weekend.
Air Canada Ups Transat Offer Price
August 13, 2019
Air Canada has increased the purchase price for its acquisition of Canadian travel company Transat to CAD$720 million.
Transat Agrees Air Canada Takeover Offer
June 27, 2019
Canadian tour company Transat has accepted Air Canada's all-cash offer of CAD$520 million (USD$397 million) for the Montréal-based company.