.("Fosun"), and Thomas Cook's core lending banks
It's not just Fosun - it's the banks and bond holders too (and despite losing a fortune investing in the equity, I think Fosun may find that the lenders have the whip hand, what with the equity being almost worthless).. and read the RNS carefully - Fosun will remain a minority holder of the airline side, and banks being risk averse, may well not want to take a punt on ops going forward. As for your statement that debt would be eliminated - not by a long chalk, I'm afraid - they are about 1.5b in a hole - this raises 750m and the statement that they need this to get through the winter is really not encouraging. With jet2 reporting excellent results yesterday, the failure of TCGs directors is all the more stark.