Thomas Cook’s rescue by Fosun to leave creditors with airline

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Thomas Cook’s rescue by Fosun to leave creditors with airline

Thomas Cook
File photo dated 07/10/13 of a Thomas Cook travel shop in London, as their chief executive Harriet Green announced her surprise departure after two years in which she has overhauled the once-troubled company. | Jonathan Brady/PA Wire/Press Association Images

Existing shareholders were shown no mercy as Thomas Cook’s creditors and Chinese conglomerate Fosun reached an initial £900m agreement to recapitalise the company and divide up the assets. The creditors get most of the healthier airline business, while Fosun takes the bulk of the declining package holiday business.

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