Thomas Cook set to continue operations in Belgium

Thomas Cook set to continue operations in Belgium
Thomas Cook Group plc filed for bankruptcy on Sunday evening after negotiations were unable to resolve the company's financial problems.Credit: Wikimedia Commons

Thomas Cook's Belgian activities will continue to operate for some time, despite the British global travel group declaring bankruptcy on Sunday evening.

Thomas Cook Group plc declared bankruptcy on Monday morning in a press release after negotiations on Sunday failed to resolve the company's financial problems.

“Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable,” said the Chief Executive Officer, Peter Fankhauser in a press release.

The global travel group continues to operate in Belgium for the time being. The Belgian subsidiary is trying to limit the consequences of the group's bankruptcy, said spokesperson Leen Segers.

"Two flights left this morning and the shops will open on Monday," Seegers added.

The British government has announced that it will repatriate all Thomas Cook travellers with a return flight ticket to Britain within the next two weeks.

Evie McCullough

The Brussels Times

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