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Thomas Cook collapses: Why and what happens now?

Updated : September 24, 2019 06:33 AM IST

Thomas Cook employs 21,000 people and is the world's oldest travel company, founded in 1841. The company has 1.7 billion pounds ($2.1 billion) of debt.
The British government has asked the UK Civil Aviation Authority (CAA) to launch a repatriation programme over the next two weeks, from Monday to October 6, to bring Thomas Cook customers back to the UK.
Thomas Cook collapses: Why and what happens now?

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