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Imperiled Thomas Cook in Talks to Sell Nordics Division

Patrick Whyte
Thomas Cook Airlines tail fin

Photo Credit: A Thomas Cook Airlines tail fin. The company has had an approach for its Northern Europe division. Thomas Cook

Skift Take

Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?

Thomas Cook has confirmed it has been approached by private equity firm Triton Partners over a takeover of its Northern Europe business. Talks between the two sides are at a very early stage but the deal, should it go through, would include Thomas Cook's tour operator and airline in Norway, Sweden, Finland, and Denmark. "The group is currently evaluating this offer alongside the ongoing strategic review of its Group Airline, announced in February 2019,"

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