Thomas Cook's Nordic unit to carry on after parent company's collapse

OSLO (Reuters) - Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said. Hundreds of thousands of holidaymakers were stranded by the collapse of the world's oldest travel firm, sparking the largest peacetime repatriation effort in British history

Reuters September 24, 2019 02:06:45 IST
Thomas Cook's Nordic unit to carry on after parent company's collapse

Thomas Cooks Nordic unit to carry on after parent companys collapse

OSLO (Reuters) - Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.

Hundreds of thousands of holidaymakers were stranded by the collapse of the world's oldest travel firm, sparking the largest peacetime repatriation effort in British history.

In the Nordics, close to 35,000 holiday-makers were travelling at the time of the announcement, with flights cancelled on Monday. But normal operations will resume on Tuesday.

"Since we are an independent and profitable part of the business, we are already able to continue our operations with support from our banks, lenders and guarantors," Magnus Wikner, managing director of the Ving group in the Nordics, said in a statement.

Thomas Cook's liquidation marks the end of a British company that started in 1841 running local rail excursions and grew to pioneer the family package holiday.

(Reporting by Gwladys Fouche and Terje Solsvik)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News & Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News & Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.