Travel group Thomas Cook battles for survival with final creditor meeting

The British government has plans in place to bring home stranded holidaymakers i...

LONDON - The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world.

Unions and the opposition Labour party have urged the government to stump up the cash, but the foreign secretary appeared to dismiss that idea on Sunday. The company’s largest shareholder, China’s Fosun , was due to take a central role in the restructuring. On top of the British holidaymakers, some 460,000 customers are also abroad, with many coming from Germany or Scandinavia.

That is draining the company of the liquidity it needs to keep operating and ramping up the pressure on one of Britain’s oldest and much-loved companies.

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