Thomas Cook India Not Impacted By Thomas Cook UK Collapse: Chairman

INDIA Team Latestly| Sep 24, 2019 11:08 AM IST
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The 178-year-old British tour operator Thomas Cook Group Plc has collapsed under a pile of debt after talks with creditors failed, stranding hundreds of thousands of travelers, but the move will not have any impact on its India operations. Thomas Cook India Chairman and Managing Director, Madhavan Menon on September 23 clarified that there are two companies, UK based Thomas Cook Plc & Thomas Cook India. The UK based Thomas Cook Plc stopped owning shares in Thomas Cook India in 2012. “We've no relation; our balance sheet is independent and sound. What has happened in UK is localised to UK,” said Menon.

Tags:
air travel British tour operator CAA CompaniesTourism Jet Airways Madhavan Menon TCIL Thomas Cook Collapse Thomas Cook Collapses Thomas Cook Group Thomas Cook Group Plc Thomas Cook India Thomas Cook UK Travel And Leisure Industry UK UK Civil Aviation Authority
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