Tags: APFN | EU | Thomas Cook

Thomas Cook's German Unit Gets Loan, Polish One Goes Bust

Thomas Cook's German Unit Gets Loan, Polish One Goes Bust

Wednesday, 25 September 2019 05:37 AM EDT

WARSAW, Poland (AP) — The German unit of collapsed tour operator Thomas Cook has been promised rescue loans from the government there, though the Polish one has confirmed it is going bust.

German airline Condor says it has been promised 380 million euros ($419 million) from the German government and the state of Hesse to meet its cash needs for six months.

The airline says it's profitable but needs ready cash to operate over the winter.

In Poland, Thomas Cook's unit, Neckermann Polska, said Wednesday it is filing for bankruptcy.

The announcement by the company's president Maciej Nykiel came with about 3,600 people who booked vacations with the company outside of Poland.

Thomas Cook, the world's oldest travel company, ceased all operations Monday, leaving hundreds of thousands stranded around the world.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The German unit of collapsed tour operator Thomas Cook has been promised rescue loans from the government there, though the Polish one has confirmed it is going bust.German airline Condor says it has been promised 380 million euros ($419 million) from the German government...
APFN,EU,Thomas Cook
130
2019-37-25
Wednesday, 25 September 2019 05:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved