Thomas Cook, a 178-year-old British travel company and airline, declared bankruptcy early Monday morning local time in the UK, suspending operations and leaving hundreds of thousands of tourists stranded around the world.
Following a recent tender process, Thomas Cook has appointed G Adventures and G Touring as its new Thomas Cook Tours partner.
Friendly Planet Travel, a global tour operator based in Jenkintown, Pennsylvania, has agreed to acquire New York-based Cuba specialist InsightCuba.
France’s civil aviation authority stated that France’s second-largest airline has gone into receivership after filing for bankruptcy on Monday and losing millions of euros.
A “significant majority” of Transat shareholders have voted in favour of the $720 million deal with Air Canada, giving the proposed acquisition another green light on the road to completion.
The Competition & Markets Authority has warned Sabre’s proposed takeover of Farelogix raises competition concerns in the supply of IT systems used by airlines and travel agents to sell airline tickets.