BREAKING NEWS

BREAKING NEWS

Thomas Cook enlists three banks to prepare airline sale - source

Thomas Cook enlists three banks to prepare airline sale - source
FILE PHOTO: A Thomas Cook Airbus A330 aircraft taxis across the tarmac at Manchester Airport in Manchester, Britain September 4, 2018. REUTERS/Phil Noble/File Photo -
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Phil Noble(Reuters)
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LONDON (Reuters) - Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said.

The holiday company this month said it was willing to sell its profitable airline business to fund its fightback from losses racked up in 2018.

A spokeswoman for Credit Suisse declined to comment while Bank of America and Morgan Stanley representatives were not immediately available for comment.

(Reporting by Alistair Smout; Additional reporting by Pamela Barbaglia; Editing by David Goodman)

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