Thomas Cook liquidator seeking buyer for air traffic control stake
Thomas Cook’s liquidators are searching for a buyer for Cook’s air traffic control stake. AlixPartners started the process to offload its 1.17% shareholding in The Airline Group, which itself holds a 42% stake in National Air Traffic Services (NATS).
A sale is expected to bring in no more than about £15m. Thomas Cook collapsed in 2019 after failing to raise sufficient funding to keep the cash-strapped business afloat.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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