Thomas Cook Group plc (TCG.L,TCKGY.PK) confirmed that it is in advanced discussions with its banking group about extending its financing arrangements. These talks are part of the result of the strategic review the Group has undertaken since agreeing terms of a new facility in November 2011.
Further to the revised financing arrangements, the earlier announced asset disposal programme and the sale of Thomas Cook India, the Group is exploring a possible sale and leaseback of certain aircraft. The Group expects to report in detail on the results of that review by the time of the interim results.
by RTT Staff Writer
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