Page 3 - Thomas Cook

Thomas Cook India plans to raise up to Rs 450 cr through private placement

The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company

Travel firms roll out discounts in domestic circuit to woo customers

With only a few foreign destinations welcoming tourists, players such as Thomas Cook, Yatra.com and MakeMyTrip are tapping demand for stays in villas, havelis and forts with local experiences

Covid-19 impact: CRISIL downgrades Thomas Cook India's rating to A+

The ratings are a result of the pandemic weakening the company's business and financial risk profiles

From charters to Covid-19 certification, travel firms tap new revenue areas

While regular airline ticket sales have zero or minimum commission, agents can earn around five per cent on charter bookings

No dividend for FY20: Thomas Cook's Rs 300-crore cash saving plan

Thomas Cook says it has comfortable liquidity position and is focusing on cash conservation and cost optimisation across all aspects of business in view of uncertain demand scenario

Top headlines: RIL becomes net debt free, ICICI Bank's stake sale and more

From Reliance Industries net debt free to India-China border clash, here are the top headlines of the day

Travel firms may make health certificate must amid Covid-19 crisis

Hotels, too, take the same route to ensure safe trips

Covid-19 crisis: India Inc reaches for pink slips as cash flow dries up

Senior staff of all the top groups have taken salary cuts up to 20 per cent to preserve jobs at the bottom of the pyramid.

We have put in more than a billion dollars, says Ebix Group CEO Robin Raina

'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

Experience Hub, Thomas Cook India ink long-term pact for Abu Dhabi travel

Travel services firm Thomas Cook India on Tuesday said it has entered into a long-term pact with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi, to drive visits to the destination. The agreement will further engage the India market for the destination in 2020 and beyond through the implementation of initiatives including product development and training-engagement, Thomas Cook India said in a filing to the BSE. "Our Thomas Cook 2020 India market trend analysis reveals high potential for multiple micro-cations and enriching experiences and Yas Island is hence a significant opportunity," Thomas Cook (India) Ltd President & Country Head Holidays, MICE, Visa Rajeev Kale said. In the company's focus to target this growth potential and amplify travel experiences for the customers, it is partnering with Yas Island's Experience Hub to create an exciting one-stop-entertainment destination for its diverse range of Indian travellers, he added. Commenting on the ...

Thomas Cook India buys rights for Rs 14 crore to retain brand name

Thomas Cook India has seen changes in its ownership over the years

Thomas Cook India to acquire brand rights for India, Sri Lanka, Mauritius

Travel services firm Thomas Cook (India) on Tuesday said it has entered into a pact with Thomas Cook UK's appointed special managers to acquire the rights of the iconic brand for India, Sri Lanka and Mauritius markets. Thomas Cook (India) Ltd (TCIL) has signed an agreement with AlixPartners, Thomas Cook UK's appointed Special Managers for the complete ownership of the brand name across these markets, for a one-time payment of Rs 13.9 crore, the company said in a regulatory filing. "I am delighted that we have been able to sign an agreement to acquire the rights to the iconic Thomas Cook brand across India, Mauritius & Sri Lanka. The brand is one of the most respected names in the travel services space and one that we at Thomas Cook India have operated uninterrupted for 138 years since 1881," said Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. TCIL was previously contracted to pay an annual brand licence fee of Rs 2 crore to Thomas Cook UK until 2024 for

IAG signs deal to buy Air Europa for $1.2 bn amid aviation sector upheaval

The debt-funded transaction seeks to generate "significant" cost savings and complete in the second half of next year, subject to regulatory approvals.

Indian entity retains right to use Thomas Cook brand name till 2024

Thomas Cook India pays an annual licence fee of Rs 2 crore, and is set to begin the process of brand transition next year.

Thomas Cook ordered to pay Rs 400,000 compensation for cancelled tour

The complaint said he wanted to travel by Eurostar train from London to Paris, which Thomas Cook agreed to arrange

Thomas Cook failure spurs UK to act on airlifting stranded tourists home

The UK Civil Aviation Authority was forced to begin flying more than 150,000 tourists home last month after the world's oldest travel company failed to secure investment to keep flying

From Thomas Cook to Forever 21, brands fight back as global crises hit home

Can they keep the contagion at bay?

Half of 150,000 tourists stuck abroad after Thomas Cook collapse back in UK

The CAA said 95 per cent of passengers were coming home on the day they were originally scheduled to return

Lots in a name for Thomas Cook India: Can it get a new brand identity?

Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent

Thomas Cook collapse: Nordic business to carry on, looking for buyer

In the Nordics, close to 35,000 holiday-makers were travelling at the time of the announcement, with flights cancelled on Monday