Running hotels, resorts and airlines for 19 million people a year, Thomas Cook had around 600,000 people abroad when it collapsed in the early hours of Monday morning
This is a typical case of overconfidence and mismanagement by a company
The development has also made local hoteliers anxious as the British tourists stay a minimum of seven nights in the state
The company was awaiting clarity from the UK and would weigh all factors before taking any decision on acquisition
Ripples are set to hit the tourism sectors in Mediterranean and North African resorts, leave fuel suppliers out of pocket and further hurt British shopping streets
The UK government said Monday it had hired planes to fly home British tourists, in a mass repatriation plan codenamed Operation Matterhorn which began immediately
Thomas Cook India Ltd. resorted to a communication blitz in the past few days to clarify that the collapsed UK firm exited the Indian company seven years ago
Thomas Cook employs 21,000 people and is the world's oldest travel company, founded in 1841
It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue operation
In the space of little more than a year, Thomas Cook's business outlook degenerated from concern about the sales impact of a freak north European heatwave to a full-on fight for survival
But ministers are unlikely to step in due to worries about the pioneering operator's longer-term viability
Thomas Cook India is a completely different entity post acquisition by Fairfax in 2012, UK operator hold no stake in the firm in India, says chairman
The world's oldest travel company was fighting for its survival over the weekend after its lenders threatened to pull the plug on a rescue deal that has been months in the making
The Civil Aviation Authority is making contingency plans for the possibility of having to repatriate 'hundreds of thousands' of passengers stranded abroad
The tour operator issued a statement on Tuesday in the backdrop of financial crisis faced by rival firm Cox & Kings
Thomas Cook's airline business wouldn't be part of the deal
Looks at opening 50-60 new offices pan India over the next 2 years
Thomas Cook, which bought 49% in Ikya (now Quess) in 2013, got it listed in 2016, will cease to be its promoter; new Quess shares go to Thomas Cook shareholders
Fairfax-owned Thomas Cook runs travel, foreign exchange, vacation ownership business (through Sterling Holidays) in addition to Quess
The sale will allow Tata Capital to exit non-core business segments