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.
We are sorry to announce that Thomas Cook has ceased trading with immediate effect.
This account will not be monitored.
— Thomas Cook (@ThomasCookUK) September 23, 2019
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.
The Brussels Times