Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThomas Cook Share News (TCG)

  • There is currently no data for TCG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Niki Lauda's new airline to cooperate with Lufthansa

Fri, 23rd Mar 2018 10:30

* Lufthansa had tried to buy the struggling carrier

* Deal with Laudamotion runs until end of May

* Further cooperation to be evaluated(Adds detail, competition authority, background)

VIENNA, March 23 (Reuters) - Austria's Laudamotion willprovide up to eight crewed aircraft to Lufthansa'slow-cost carrier Eurowings until the end of May, Niki Lauda'srepurchased and rebranded carrier said on Friday.

Lufthansa had planned to grow Eurowings by buying failed AirBerlin's Niki unit itself but scrapped the purchase after theEuropean Commission indicated it would veto the deal.

Niki was instead bought by its founder Lauda, who beat rivaloffers from British Airways-owner IAG and Irishlow-cost giant Ryanair.

The three-times Formula One world champion then sold 75percent of the carrier to Ryanair before the first planes tookoff again.

But Lauda, who also secured a cooperation deal with ThomasCook's Condor, is still under time pressure to fill hisplanes for the summer, so he is keen to benefit from Lufthansa'ssales and marketing channels.

The German flagship carrier, on the other hand, can putLaudamotion's capacity to good use.

The basic agreement between Lauda and Lufthansa covers alittle more than two months, not the whole summer season thatruns to October.

"Laudamotion and Eurowings will evaluate a possiblecooperation beyond that date in the coming weeks," Laudamotionsaid in a statement.

Eurowings did not immediately comment. Austria's competitionauthority said it would give its view on the deal after theEaster holidays, which run to the start of April.(Reporting by Kirsti KnolleEditing by David Goodman and Edmund Blair)

More News
22 Sep 2019 10:30

No one will be stranded, UK minister says on Thomas Cook future

LONDON, Sept 22 (Reuters) - British foreign minister Dominic Raab said the government had contingency plans in case talks to rescue travel company Thomas Cook fail, and sought to reassure holidaymakers that they will not end up stuck overseas."We ...

Read more
22 Sep 2019 09:40

Holidaymakers Held In Tunisia Hotel Over Thomas Cook Crisis

(Alliance News) - A British holidaymaker has described the scene at a Tunisia hotel which is refusing to let guests leave over the Thomas Cook affair as "like a hostage at the Les Orangers in

Read more
22 Sep 2019 08:58

UK minister hopes Thomas Cook talks come to 'positive conclusion'

BRIGHTON, England, Sept 22 (Reuters) - British security minister Brandon Lewis said he hoped talks about the future of travel company Thomas Cook come to a positive conclusion on Sunday.The world’s oldest travel company is fighting for its surviv...

Read more
21 Sep 2019 09:10

UPDATE 2-Ailing Thomas Cook in talks with UK government and investors for rescue deal

* Company in talks with government, investors* Board meetings to be held this weekend* Company needs to find $250 mln to fend off collapse (Adds confirmation, background)By Kate HoltonLONDON, Sept 21 (Reuters) - Britain's Thomas Cook is in talks wi...

Read more
21 Sep 2019 09:10

UPDATE 3-Thomas Cook in talks with UK government and investors over rescue deal

* Company in talks with government, investors* Board meetings being held this weekend* Company needs to find $250 mln to fend off imminent collapse (Adds comment from Labour and workers' association)By Kate HoltonLONDON, Sept 21 (Reuters) - Britain...

Read more
21 Sep 2019 09:10

UPDATE 1-Thomas Cook has approached UK government for bailout funds - FT

(Adds response from Dept for Transport, Thomas Cook)Sept 21 (Reuters) - Britain's Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a propose...

Read more
21 Sep 2019 08:20

Thomas Cook has approached UK government for bailout funds - FT

Sept 21 (Reuters) - Britain's Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on...

Read more
20 Sep 2019 10:24

WINNERS & LOSERS SUMMARY: Rolls-Royce Down On Further Trent 1000 Delay

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Royal Bank of

Read more
20 Sep 2019 10:12

LIVE MARKETS-UK: List your U.S. businesses in NY?

* Europe's STOXX 600 up 0.2% as defensive stocks gains * Investec falls after profit warning * London lags as sterling bounces on renewed Brexit optimism * * Welcome to the home for real-time coverage of European equity m...

Read more
20 Sep 2019 10:00

UPDATE 2-British blue-chips dented by sterling's brief Brexit uplift

* FTSE 100 dips 0.2%, FTSE 250 up 0.4%* Housebuilders to two-month high* Thomas Cook tumbles to record low* Tobacco giants among biggest drags on FTSE 100 (Adds detail, updates price moves)By Muvija M and Yadarisa ShabongSept 20 (Reuters) - Britain'...

Read more
20 Sep 2019 10:00

UPDATE 1-FTSE 100 loses ground as exporters slip, Rolls-Royce tumbles

* FTSE 100 down 0.3%, FTSE 250 rises 0.4%* Rolls-Royce falls on repair delay* Dollar earners weigh on main index* BAT also drops on report (Adds news items, analyst comment, updates share prices)By Yadarisa ShabongSept 20 (Reuters) - Britain's top s...

Read more
20 Sep 2019 08:40

TOP NEWS: Thomas Cook Requests Extra Cash Injection Of GBP200 Million

(Alliance News) - Thomas Cook PLC on Friday confirmed that it has requested an extra GBP200 million during discussions with core lenders and its largest shareholders Fosun Tourism in the company a

Read more
20 Sep 2019 08:17

Thomas Cook seeking a further ?200m in funding

(Sharecast News) - Beleaguered travel company Thomas Cook confirmed on Friday that it is looking for an additional £200m in funding to avoid going bust, as unions called on the government to intervene.

Read more
20 Sep 2019 08:01

LIVE MARKETS-London on the backfoot

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.thomsonreuters.co...

Read more
20 Sep 2019 07:43

UPDATE 5-Britain's Thomas Cook scrambles for $250 mln to avert collapse

* Firm hit with demand from lenders for underwritten funds* Fosun and banks working on recapitalisation plan* Oldest travel company has 600,000 customers currently on holiday* Government bill for collapse could reach 600 mln stg (Adds Fosun comment...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.