A High Court judge has given troubled travel firm Thomas Cook the green light to proceed with the next stage of a planned rescue deal.
Troubled travel company Thomas Cook has “substantially agreed” the key terms to a rescue deal with Chinese firm Fosun, lenders and bondholders to secure the company’s future.
Flight delays across several airlines operating in the UK have more than doubled in the past four years, according to a new report.
Troubled travel company Thomas Cook is in advanced talks to raise £150 million from bondholders after making “progress” over the terms of a rescue deal.
Shares in cash-strapped travel firm Thomas Cook have plunged more than 40% after it confirmed talks with its largest shareholder over a deal which would effectively hand over control of the company.
Thomas Cook has announced plans to close 21 stores - including one in Aberdeen - putting 320 jobs at risk.
Travel giant Thomas Cook is to close 50 high street shops, putting 400 jobs at risk, just weeks before Christmas.
Travel operator Thomas Cook has announced it has axed its summer 2016 service from Aberdeen to a popular tourist destination.