BERLIN: Thomas Cook's German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.
Condor and Thomas Cook GmbH, the second-biggest tour operator in Germany after TUI, are both independent units of the insolvent British parent company. Thomas Cook's Nordic arm, meantime, has said it is looking for new owners, while Polish unit Neckermann Polska said on Wednesday it was insolvent.Thomas Cook Germany said it had filed for insolvency in an attempt to restructure the business in an orderly fashion and continue profitable operations. It added that a German court could appoint a liquidator as soon as on Wednesday.
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