Fosun Tourism in talks to buy Thomas Cook's tour operating business: Sky News

FILE PHOTO: The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/File Photo

Thomas Cook, the world’s oldest tour operator, has been facing challenges from dwindling demand for its package holidays and high levels of debt, and is also looking to sell its profitable airline business. A formal bid from Fosun Tourism could come in weeks but would not include Thomas Cook’s airline business, the report said. Airlines must be majority owned by European Union nationals to operate intra-EU flights.

Thomas Cook has also said it had received a takeover approach for its Nordic operations from private equity group Triton, which owns European online tour operator Sunweb.

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