23rd Feb 2015 06:47
LONDON (Alliance News) - Thomas Cook Group PLC is seeking to sell its airline as part of its ongoing turnaround plans, The Sunday Times reports.
The tour operator is understood to have sounded out a number of potential buyers in recent months, the paper said, including rival carriers and private equity investors.
The plan to offload the airline arm, or place it into a joint venture with a competitor, were first floated by Harriet Green, who stepped down as chief executive in November. Peter Fankhauser, who succeeded her, is believed to be open to a deal to sell the airline, if the right deal can be found, The Sunday Times added.
http://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1522146.ece?CMP=OTH-gnws-standard-2015_02_21
By Sam Unsted; [email protected]; @SamUAtAlliance
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