Thomas Cook India Reiterates That There is No Impact due to Thomas Cook PLC Collapse in the UK and Europe

The last seven years have been fruitful for Thomas Cook India, as it continues to grow and build a legacy as an independent entity with presence across 29 countries across 5 continents, making it one of the largest travel companies in the Asia Pacific region. The last seven years have been fruitful forThomas Cook India, as it continues to grow and build a legacy as an independent entity with presence across 29 countries across 5 continents, making it one of the largest travel companies in...

The last seven years have been fruitful for Thomas Cook India, as it continues to grow and build a legacy as an independent entity with presence across 29 countries across 5 continents, making it one of the largest travel companies in the Asia Pacific region.

India's leading S&P Company – CRISIL's credit bulletin reflects that the ratings of Thomas Cook India remain unaffected from the bankruptcy of Thomas Cook PLC in the UK and Europe; Thomas Cook India's dominant position in the foreign exchange business and strong brand equity in travel-related services, a comfortable capital structure, and adequate liquidity.

Mr. Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Ltd. (TCIL), reiterated, "In light of media reports regarding the collapse of Thomas Cook PLC in the UK and Europe, it is important to reiterate that it is business as usual for Thomas Cook India which is a completely independent entity, acquired by Canada based Fairfax Financial Holdings in August 2012 from Thomas Cook PLC in the UK. The collapse of the Thomas Cook Group in the UK and Europe has no impact whatsoever in terms of ownership, business, people, technology or processes to Thomas Cook India."

For more information on the company, please visit:  https://www.thomascook.in/

Media Contacts:

Thomas Cook India Limited:
Suzanne Pereira
+91-98202-97665
[email protected]

Communicate India:
Kapil Daryani
+91-99872-10099
[email protected]

Natasha D'souza
+91-98673-88748
[email protected]  

 

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