Published on Tuesday, September 11, 2012

Shares rise after news of Thomas Cook-easyJet tie-up

News of an 'imminent' deal between Thomas Cook and easyJet has been welcomed by investors, with share prices in the tour operator rising.

Thomas Cook is on the verge of signing a deal to book thousands of seats on low-cost airline easyJet.

The tour operator said the move was imminent and will cover about 80,000 trips, representing 3% of Thomas Cook's capacity.

easyJet confirmed it had entered into an agreement with Thomas Cook to provide a 'limited' number of seats for its summer 2013 packages.

A spokesman said: "This is a normal commercial business arrangement for easyJet and is similar to other contracts the airline has entered into in the past.

"As with any commercial contracts of this nature we will not comment on the detail."

Rob Thompson, director of aviation and capacity planning for Thomas Cook UK & Ireland said: "This is great news for our customers; by bringing together the overseas expertise of Thomas Cook, with easyJet's flexibility as a truly scheduled airline, we're taking the modern package holiday to a new level.

"Together, we're offering a range of flight options to 21 destinations from nine regional UK airports, throughout the summer season in 2013. Many of our holidaymakers will now be able to choose from even more flight options, combining Thomas Cook, the best known name in travel and Easyjet, an excellent European airline, safe in the knowledge that their holiday is fully protected."

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