UK, Sept. 17 -- September 2019 saw Thomas Cook - one of the oldest airlines and travel agencies - go into liquidation and ultimately collapse after discussions relating to the company's future failed to produce funding. The collapse instantly grounded all flights and resulted in the cancellation of bookings.
Since then, the company's assets have been acquired by Fosun Tourism Group for US$14.2mn. As of Wednesday 16 September 2020, the Thomas Cook brand has been relaunched solely as an online travel agency, with no physical stores.
Despite World Tourism Organisation figures reporting a 65% dropping in tourist trips during the first half of 2020, Thomas Cook's Chief Executive in the UK - Alan French - commented that the company is taking a...