The debt-laden British-based company has confirmed it is seeking 200 million pounds in extra funding to avoid its collapse.
The company says it is in talks with stakeholders such as leading Chinese shareholder Fosun to bridge the funding gap and stave off entering administration.on Friday that the money required would be a "seasonal stand-by facility" and come on top of the 900 million pounds it had already raised from Fosun and its lenders.
If the company goes under, an estimated 180,000 people could be stranded abroad. Thomas Cook employs 22,000 staff members around the world, including 9,000 in its home market.Related Links
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