Thomas Cook declared yesterday that it would consider joint ventures and partnerships in an attempt to improve the performance of its aircraft fleet.
The tour operator played down speculation that it would ditch the airlines, insisting: “We see our airlines as an important part of our business and a support of our profitable growth strategy.”
Reports yesterday suggested that the travel group had sounded out potential buyers for its airlines, including rival carriers and private equity firms, as part of its turnaround strategy.
The search for a buyer is said to have been initiated by Harriet Green before her abrupt exit as chief executive in November. A source close to Thomas Cook said that it was not currently engaged in talks with third parties, and