20:53 23 September 2019
Tour operator Thomas Cook goes bankrupt
British tour operator Thomas Cook collapsed early Monday after fundraising talks with investors failed and the UK government refused to rescue the 178-year-old company. The company board concluded that "it had no choice but to take steps to enter into compulsory liquidation with immediate effect," the operator said in a statement.
The government said it would work to return hundreds of thousands of tourists over the next two weeks. The move triggers the largest ever peacetime repatriation in the history of the United Kingdom as there are over 150,000 UK Thomas Cook customers abroad.
(CNN)
