Arab Today, arab today thomas cook agrees sale aircraft deal
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Thomas Cook agrees sale aircraft deal

Arab Today, arab today

Arab Today, arab today Thomas Cook agrees sale aircraft deal

London - Arabstoday

Thomas Cook has agreed to the sale and leaseback of 17 of its aircraft. The deal will raise as much as £183 million as the struggling UK-based tour operator battles to improve its balance sheet. Thomas Cook chief executive Sam Weihagen said the deal, which was signed on May 5th, demonstrated the progress the company was making in strengthen its financial position.   “Today’s announcement demonstrates the progress which we continue to make to strengthen the group’s financial position, with the aircraft disposals providing substantial additional liquidity,” he said. The tour operator also releases a trading update earlier, revealing a fall in sales.   Summer UK mainstream bookings were down nine per cent Thomas Cook said, ahead of capacity reductions of 13 per cent. The group has 19 per cent less left to sell compared to prior year. “As expected, the first half seasonal losses have widened however, summer bookings have improved in recent weeks,” added Weihagen. The average selling price for a holiday was stable, up four per cent, and bookings for independent and specialist businesses are up 11 per cent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thomas cook agrees sale aircraft deal Arab Today, arab today thomas cook agrees sale aircraft deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thomas cook agrees sale aircraft deal Arab Today, arab today thomas cook agrees sale aircraft deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday