New Delhi: UK tour company Thomas Cook has gone bankrupt. The company also canceled booking of all flights and holidays. The booking of 6 lakh travelers was canceled on Monday morning.
However, it will have no effect on Thomas Cook, who operates in India. The Bitrain government has said that bringing back 1.5 lakh Bitrain customers who are abroad will be the biggest campaign.
The Civil Aviation Authority said that Thomas Cook’s 4 airlines had hit the ground. 21 thousand employees of the company in 16 countries have become unemployed. At the same time, 9000 workers in Britain have been unemployed. A few months ago, the company said that its booking had slowed down due to Brexit. Due to this, the debt burden increased on him.
Thomas Cook is a 178 year old company. This company started operations in 1841. The company currently operates in 16 countries. Booking will be affected in the coming days of about 1 million people. The company has a debt of 125 million pounds.
This will have no effect on Thomas Cook India, which operates in India. In fact, 77% of Thomas Cook India was bought by Canadian group Fairfax Financial Holding in 2012. Since then Thomas Cook UK has no stake in Thomas Cook India. Thomas Cook India has issued a statement saying that the company’s financial position is strong.