FONT-SIZE Plus   Neg

Thomas Cook Confirms Advanced Talks With Banking Group On Financing -Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Follow RTT