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Thomas Cook AG

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This article is about the historical Thomas Cook AG until its merger with MyTravel Group. For the now defunct successor company, see Thomas Cook Group. For other uses, see Thomas Cook (disambiguation).

Thomas Cook AG
FormerlyC&N Touristic AG
Company typeAktiengesellschaft
IndustryHospitality, tourism
Founded2001; 23 years ago (2001) (as Thomas Cook AG)
1997; 27 years ago (1997) (as C&N Touristic AG)
5 July 1841; 183 years ago (1841-07-05) (as Thomas Cook & Son Limited)
Defunct19 June 2007; 17 years ago (19 June 2007)
FateMerged with MyTravel Group plc
SuccessorThomas Cook Group plc
HeadquartersRochdale, England, UK
ProductsCharter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts
SubsidiariesList of subsidiaries

Thomas Cook AG was an Anglo-German, global travel group. The group had its headquarters in Rochdale, and sold products such as package holidays and flights through its 3 in-house airlines. On 19 June 2007, the group merged with MyTravel Group plc to form the Thomas Cook Group plc, which was listed on the London Stock Exchange.

History

[edit]
A Thomas Cook travel agency in Leeds

In 2001, Thomas Cook & Son was acquired by the German company C&N Touristic AG, which changed its name to Thomas Cook AG.[1][2]

On 21 December 2005, Thomas Cook AG sold off Thomas Cook International Markets (a venture which includes 60% of the stake in Thomas Cook India Ltd) to Dubai Financial LLC, part of the Dubai Investment Group (DIG) which manages the financial and real estate interests of Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai. Following this, Thomas Cook Overseas Limited (a wholly owned subsidiary of Thomas Cook UK) was sold off, this time again to Dubai Financial LLC.[3]

Thomas Cook Canada was sold to Transat A.T. in 2006, marking Thomas Cook's exit from the North American market in terms of its own retailer.[4]

On 12 February 2007, Thomas Cook AG announced that it had agreed terms on a merger with MyTravel Group to form Thomas Cook Group.[5] The merger was completed on 19 June 2007.[6]

Operations

[edit]
Companies within Thomas Cook AG before merger with MyTravel Group plc
Name Type Country Logo Fate
Thomas Cook Tour Operations Limited Tour operator United Kingdom Globe Transferred to Thomas Cook Group (2007)[7]

Entered Compulsory liquidation (2019)[8]

Thomas Cook Retail Limited UK travel agent and website operator Transferred to Thomas Cook Group (2007)[7]

Entered Compulsory liquidation (2019)[9]

Thomas Cook Airlines UK Limited UK Charter airline Merged with MyTravel Airways to form Thomas Cook Airlines (2007);[7] entered Compulsory liquidation (2019)[10]
JMC Airlines Limited UK Charter airline Independent Rebranded as Thomas Cook Airlines (2003)[11]
Thomas Cook Airlines Belgium Belgian Charter airline Belgium Globe Transferred to Thomas Cook Group (2007)[7]

Sold to Lufthansa AG (2017)[12]

Thomas Cook Canada Package holiday provider and Tour operator Canada Sold to Transat A.T. (2006) [4]
Thomas Cook International Markets Travel agent and Package holiday provider Worldwide Sold to Dubai Financial LLC[3]
Thomas Cook GmbH Package holiday provider Germany Transferred to Thomas Cook Group (2007)[7]

Entered Compulsory liquidation (2019)[13]

Condor Flugdienst German Charter airline Germany Transferred to Thomas Cook Group (2007);[7] provided with a bridge loan by the German Government after the collapse of Thomas Cook Group (2019)

References

[edit]
  1. ^ "Thomas Cook in brand revamp". The Guardian. 4 May 2001. Retrieved 25 September 2019.
  2. ^ "First Choice shakes off winter blues". BBC. 12 June 2001. Retrieved 21 September 2019.
  3. ^ a b "Dubai Financial buys Thomas Cook divisions". Gulf News. 4 August 2006. Retrieved 21 September 2019.
  4. ^ a b "History". Transat A.T. Inc. Retrieved 21 September 2019.
  5. ^ "MyTravel and Thomas Cook merging". BBC News. 12 February 2007. Retrieved 6 October 2013.
  6. ^ "MyTravel Shareholders Approve Merger With Thomas Cook". Bloomberg. 29 May 2007. Retrieved 19 October 2019.
  7. ^ a b c d e f "Thomas Cook bought by German travel firm". Financial Times. 12 February 2007. Retrieved 3 November 2019.
  8. ^ "Thomas Cook Tour Operations Limited". Companies House (HM Government). 3 November 2019. Retrieved 3 November 2019.
  9. ^ "Thomas Cook Retail Limited". Companies House (HM Government). 3 November 2019. Retrieved 3 November 2019.
  10. ^ "Thomas Cook Retail Limited". Companies House (HM Government). 3 November 2019. Retrieved 3 November 2019.
  11. ^ "JMC airline to be rebranded". Travel Weekly. 27 May 2002. Retrieved 3 November 2019.
  12. ^ "Thomas Cook Belgium Airlines to fly for Lufthansa subsidiary". airliners.de. 30 March 2017. Retrieved 3 November 2019.
  13. ^ "Thomas Cook collapse: German company files for bankruptcy". BBC News. 25 September 2019. Retrieved 3 November 2019.
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