Your right about the £750m it’s coming from the banks and Fosun. But it’s not for debt repayment. The debt will be written off by the bond holders and banks taking a large proportion of Thomas Cook Group over. The tour operator will go to Fosun and no longer be listed on the stock exchange. Fosun will own a minority of the ai line with banks and bond holders owning the majority in return for debt.
This deal essentially leaves Thomas cook group debt free, but without its tour operating business and only a minority stake in the airline. But with its other business intact.
That £750m is for investment into the business. To buy more hotels, to replace an ageing 767 fleet, all things like that.
Big changes are coming, that £750m will not last forever, end of next year apparently, but it’s going to help turn Thomas cook around, and the loss making tour operator will be gone anyway.