Author Topic: Thomas Cook Find Funding Agreement With Banks (Read 3665 times)

Scunner · « **on:** November 26, 2011, 00:10:58 AM »

Travel firm Thomas Cook has reached agreement with its bankers to provide it with new access to funding. Its bankers, including Barclays, HSBC, RBS and UniCredit, have agreed to provide a new £200m facility until 30 April 2013. It replaces the £100m short-term facility announced on 21 October 2011.

Full story: http://www.bbc.co.uk/news/business-15896503

amca · « **Reply #1 on:** November 26, 2011, 00:36:02 AM »

Good news.
I will do my best to contribute to the recovery.

Ian · « **Reply #2 on:** November 26, 2011, 07:06:14 AM »

Really good news - we would all have suffered in the long-term if this one had gone - chuffed

tinkerman · « **Reply #3 on:** November 26, 2011, 07:08:52 AM »

I wonder how they will get their money back

calvin 1949 · « **Reply #4 on:** November 26, 2011, 07:10:26 AM »

Probably put hidden charges on for extras!!!!!

screamlead · « **Reply #5 on:** November 26, 2011, 07:19:24 AM »

Excess baggage! Why do they never charge for excess lard!??

jul bri · « **Reply #6 on:** November 26, 2011, 07:23:08 AM »

Great news,at least now i will be able to get home for xmas,as Ian said we would all have suffered in the long run, as most of us book with them,and already have booked several flights for next year.
thanks Scunner for the info..

suec · « **Reply #7 on:** November 26, 2011, 08:09:48 AM »

Can relax now going home for xmas.Good news for the long run. There would be a great shortage of flights without them !

Jacqui Harvey · « **Reply #8 on:** November 26, 2011, 10:09:52 AM »

Great to hear that this wonderful British Company.. Now German owned, is going to pull through.

Scunner · « **Reply #9 on:** November 26, 2011, 11:14:11 AM »

I'm not sure where you got German owned from Jacqui - none of the significant share holding owners are German as far as I know. It is indeed very good news, I just hope it gives them the breathing space to straighten themselves out.

Author Topic: Thomas Cook Find Funding Agreement With Banks (Read 3665 times)

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