Category Archives: Thomas Cook Scandinavia

Is the end coming for Thomas Cook in the airline business?

Thomas Cook, the world’s oldest travel group, is considering selling its airline arm, Thomas Cook Group, as it continues to recover from its near-collapse in 2011.

According to the Independent, the company, which can trace its roots back to 1841 when Thomas Cook arranged for 500 people to travel between Leicester and Loughborough for a shilling, has reportedly sounded out potential buyers for the airline group. These are believed to include rival carriers and private equity investors, although no talks are currently taking place.

The holiday giant found itself under a mountain of debt in 2011 but has since axed jobs and shut high-street shops.

“We are always open for opportunities, which might include partnering with other partners/airlines,” it said in a statement.

However, it added: “We are very pleased with the development of our airlines. We have refurbished the cabins of our long-haul fleet and added long-haul aircraft to our Condor fleet in Germany and the UK. We see our airlines as an important part of our business.”

Thomas Cook AG currently has 88 active aircraft in it’s fleet, spanning 4 airlines: Thomas Cook Airlines (UK) (29) (Manchester), Thomas Cook Airlines Belgium (3) (Brussels), Thomas Cook Airlines Scandinavia (14) (Copenhagen-Oslo-Stockholm) and Condor Flugdienst (42) (Frankfurt), making it the 11th largest airline operator in Europe, and has ordered 25 new Airbus A321s (above) to replace older aircraft. However such moves could affect the order as well as result in airlines being shutting down or being rebranded.

The airline has refuted the conjecture in the UK media according to ch-aviation.

Could this be the end for the Thomas Cook we’ve come to know for so many years? Watch this space.

Read the full report: CLICK HERE

Assistant Editor Oliver Wilcock reporting from Manchester.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Thomas Cook Airlines (UK) Airbus A321-211 WL G-TCDD (msn 6038) taxies to the gate at Palma de Mallorca.

Thomas Cook Airlines (UK) aircraft slide show: AG Airline Slide Show

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Thomas Cook’s stock tumbles as it goes to the banks for financial help

Thomas Cook Group (London) has lost nearly three-quarters of its market value on the London Stock Exchange after the ailing firm admitted it had gone back to the banks for more financial help according to this report by the Press Association.

Thomas Cook Group plc is a travel company created on June 19, 2007 by the merger of Thomas Cook AG and MyTravel Group plc. At flotation on the London Stock Exchange 52% of the shares in the new company were held by the German mail order and department store corporation Arcandor (former owners of Thomas Cook AG) and 48% owned by the shareholders of MyTravel. On June 9, 2009 Arcandor filed for bankruptcy. The merger, which was backed by 99.9% of shareholders, took place through the formation of “NewCo” which effectively purchased MyTravel and Thomas Cook and was then listed on the London Stock Exchange under the name of Thomas Cook Group plc.

The Thomas Cook Group plc is the parent organization of Condor Flugdienst, Thomas Cook Airlines Scandinavia, Thomas Cook Airlines (Belgium), Thomas Cook Airlines (Canada) and Thomas Cook Airlines (UK).

Read the full story: CLICK HERE

Thomas Cook (UK) Slide Show: CLICK HERE

Copyright Photo: Antony J. Best.

Garuda Indonesia leases A330-343X OY-VKI

Copyright Photo: Nik French.  OY-VKI prepares for departure at the Manchester base.

Copyright Photo: Nik French. OY-VKI prepares for departure at the Manchester base.

Garuda Indonesia Airways (Jakarta) has leased Airbus A330-343X (msn 357) from Thomas Cook Scandinavia in Thomas Cook colors and Garuda bird logos.

News link:

www.thejakartapost.com/news/2009/10/23/garuda-deploys-15-big-planes-transport-pilgrims.html