178-year-old tour company Thomas Cook collapses, 1.5 lakh Britishers stranded abroad

Indians do not have to worry as the collapse of UK's Thomas Cook will have no effect on Thomas Cook (India) since it was acquired by Canada-based Fairfax Financial Holdings in August 2012.

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Thomas Cook India customers won’t be affected by UK tour company’s collapse

Thomas Cook has ceased trading after talks failed to produce a funding lifeline for the ailing travel company. The decision puts 9,000 British jobs at risk. It has also triggered a huge repatriation effort ,codenamed Operation Matterhorn, to bring home 1,50,000 UK holidaymakers overseas. The news however,  does not have any ramification for Thomas Cook India as it has been  an entirely different entity since August 2012, when it was acquired by Fairfax Financial Holdings , a Canada based multinational investment company. Thomas Cook India has put out a release to the same effect.

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