LONDON - Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said.
Thomas Cook’s airlines business consists of Germany’s Condor, as well as British, Scandinavian and Spanish operations. British Airways owner IAG should not be ruled out and easyJet has engaged in talks but is seen as less interested, the source added.Another source said that private equity groups KKR and Apollo might also look at taking over the whole of Thomas Cook.
Lufthansa executives have said repeatedly that the German airline wants to “play an active role” in consolidation. The company was hit badly in 2018 when a hot European summer deterred customers from booking holidays through the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Travel companies Thomas Cook and TUI are under serious stressThe kings of package holidays need to redesign their business for the digital age
Source: TheEconomist - 🏆 6. / 92 Read more »
Apple CEO Tim Cook had an impact on the company before he was even hiredApple CEO Tim Cook impacted the company's operations practices when he was still in the interview process, according to a new book about his career. How the world loved Steve Jobs, the global world would be happy if Tim follows and implements exactly what Steve would have done if he was alive. He's Tim Apple afterall 0 innovation
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tim Cook says the improved tone in trade talks is boosting Apple's China businessApple CEO Tim Cook said the company's prospects in China have significantly improved in just three months. Don’t you mean Tim Apple? I was critical of Apple in January. Apple has come along way since then but Apple should should Merge with Netflix or buy Disney. Glad to see the Chinese finally feel comfortable buying products made in China once again
Source: CNBC - 🏆 12. / 72 Read more »