Thomas Cook completes sale of aircraft

By Sophie Griffiths

Thomas Cook has completed the sale and leaseback of 11 Boeing 757 aircraft and 8 Boeing 767 aircraft.

The group said the move was now complete following the delivery of the final group of aircraft.

The transaction will generate proceeds of $294 million, which will be retained by the Group to increase liquidity, Cook said.

It comes after Cook completed the sale of its interest in a group of Spanish hotels for €94 million.

The company as disposed of its interest in Hoteles Y Clubs De Vacaciones to a consortium led by Iberostar.

Sourced by TTG Digital

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