The debt-laden company confirmed on Friday it was seeking £200 million in funding to avoid going bust and held unsuccessful talks with shareholders and creditors over the weekend to stave off failure.
Webjet's shares fell 3.48 per cent to $11.11 at the market close after it said it would write off nearly $44m it was owed by the British travel company. Webjet said it had expected to earn $150m-200m in total transactional value from Thomas Cook in fiscal year 2020. He said Australian travellers affected by the collapse should first speak to their tour arranger in the country they bought the product to determine the next steps they should take.“Our advice to Australian customers in the initial stage of a distressing event like this is to wait for word about compensation from their tour operator," a spokesman said.
And take the costs out of AlanJoyces wage. Qantas ThomasCook smh
Thomas Cook wasn't able to sell me Australian currency in Mumbai because I was carrying my Aussie passport!
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