Wednesday, 25 September 2019


Though one could always question the decision of the UK government to refuse a bailout to the world’s oldest tour company, Thomas Cook collapsing after one hundred and seventy-eight years of operation and a victim of progress plus its own mismanagement—especially when repatriation costs are already approaching half of the requested funds to keep the company solvent, Germany has chosen to intervene in the case of its domestic affiliates with the state stepping in to offer a bridge loan to keep the company—headquartered in Oberursel (previously)—whilst it restructures.