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Thomas Cook: risk of airline default increased to 60%

The CEO tries to identify investors

The cost of debt insurance issued by the Thomas Cook airline to avoid insolvency has reached very high levels and the value of the shares has collapsed, due to the strong concerns of investors about the financial security of the charter. The leadership of Thomas Cook cut budget forecasts also suspending the payment of dividends, blaming the low tourist flows during the summer, but the five-year default...

M/A - 1216725

AVIONEWS - World Aeronautical Press Agency
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