Articles tagged “europe”

Thomas Cook Closes In on $1.1 Billion Rescue Deal

Thomas Cook's chances of escaping its current financial mess still rest in the hands of Fosun and its creditors. While Wednesday's announcement is good news for travelers and the company's employees, there are still a number of hurdles to clear.

Why Europe’s Short-Haul Aviation Market Is in Flux

Too many airlines fighting over what is essentially a single market has been a familiar complaint within the European airline industry over the last few years. The legacy airlines, in particular, are still working out how best to compete.