UK travel giant Thomas Cook set to collapse

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LONDON: Thomas Cook’s 178-year existence was reported to be coming to an end on Monday after the British travel firm struggled to find private investment to keep it afloat, potentially affecting thousands of holidaymakers.

The firm’s creditors held a marathon meeting on Sunday to try and work out a deal, followed by a meeting of the board of directors. Foreign minister Dominic Raab promised that the 150,000 British tourists affected would not end up stuck abroad. “After an hour they left the hotel and are currently at the airport,” said a spokesman for the Tunisian interior ministry.

 

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