Portuguese private airline bids for part of Thomas Cook business
The Portugal News reports that Portuguese private airline “Hi Fly” has bid for Thomas Cook’s airline business as the tour operator seeks to raise cash following its third profit warning in less than a year.
Thomas Cook put its airline up for sale in February, and Lufthansa, Virgin Atlantic and Indigo Partners are among the firms that have bid for part or all of the airline business.
The world’s oldest tour operator issued a profit warning last month, sending its shares to their lowest since 2011.
Hi Fly made news at the start of the year when it operated the first single-use plastic free flight.