Travel firm Thomas Cook holds talks to avoid a collapse
Updated : September 23, 2019 06:33 AM IST
Thomas Cook, one of the world's oldest and largest travel companies, is holding talks with shareholders in a last-ditch bid to avoid going bankrupt.
A collapse could leave around 150,000 travelers from Britain stranded, along with tens of thousands of travelers from other countries. The British government may have to lease planes to get its citizens home.
Thomas Cook confirmed Friday it was seeking 200 million pounds ($250 million) in extra funding to avoid a collapse. It said it was in talks with stakeholders such as the Chinese shareholder Fosun.