In a move that could save up to 2,500 jobs, Hays Travel announced on Wednesday that it is to acquire 555 Thomas Cook stores from the Official Receiver. The acquisition, for an undisclosed sum, is a significant step for Hays, which has 190 shops, 1,900 staff, and last year had sales of £379m, reporting profits of £10m.
The British 178-year-old Thomas Cook Group Plc. tour operators have filed for bankruptcy in the United Kingdom, leaving some 600,000 tourists stranded at their holiday destinations, which has prompted the government to launch a massive airlift to bring them back home using 45 chartered airliners.
Travel company Thomas Cook has received approaches for parts of its business and the company as a whole, according to reports. The business put its airline up for sale in February and it said last month it would close 21 stores across the country and cut more than 300 jobs.
One of the UK's largest airlines are facing legal action which claims pilots and cabin crew are regularly exposed to toxic fumes during flights. The Unite union said legal notice has been served in 51 cases, the majority of which are against British Airways.
A rise in hotel and cruise bookings has helped European travel group Tui sail through another year with more than 10% growth in profits. It said next year, profits would grow a similar amount as customers also bought more excursions and holiday activities. Tui has seen double-digit growth for the last four years.
Global tour giant Thomas Cook says it will stop selling tickets to any animal attractions that keep orcas in captivity. That means marine parks like Sea World in Florida and Loro Parque in Tenerife will be dropped next year.