newswatcher
4th May 2001, 12:36
Dateline: Thursday May 03, 2001
European Commission has given the okay for a joint venture between tour operator Thomas Cook Holidays and British Airways Holidays.
Under terms of the deal, which was notified for clearance under the European Union's merger regulation on March 29, Thomas Cook Holdings and British Airways will transfer to the 50/50 joint venture their UK short-haul and long-haul tour operating businesses. Holiday programs will continue to be offered through Thomas Cook's retail network, British Airways Travel Shops and independent travel retailers. Simon Laxton, currently MD of Thomas Cook Holidays, will be responsible for merging the two operations and running the combined business"
European Commission has given the okay for a joint venture between tour operator Thomas Cook Holidays and British Airways Holidays.
Under terms of the deal, which was notified for clearance under the European Union's merger regulation on March 29, Thomas Cook Holdings and British Airways will transfer to the 50/50 joint venture their UK short-haul and long-haul tour operating businesses. Holiday programs will continue to be offered through Thomas Cook's retail network, British Airways Travel Shops and independent travel retailers. Simon Laxton, currently MD of Thomas Cook Holidays, will be responsible for merging the two operations and running the combined business"