Thomas Cook AG is the parent company of Thomas Cook, Condor Airlines and other such subsidiaries. It was originally incorporated on November 1, 1997 as "C&N Touristic AG" but the name was changed following the 2002 acquisition of Thomas Cook. The group is jointly owned by Lufthansa and Karstadt, However Karstadt took control of the company two days before Christmas 2006 by buying the half-share owned by Lufthansa , the German airline. Karstadt paid €800m (£540m), though Lufthansa will for at least the next two years retain a stake in Condor Airlines , Thomas Cook’s in-house airline in Germany. Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that bears his name. ... Condor Boeing 757, new colours Condor Flugdienst is an airline based in Germany. ... November 1 is the 305th day of the year (306th in leap years) in the Gregorian Calendar, with 60 days remaining. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... Deutsche Lufthansa AG (ISIN: DE0008232125) (pronounced ) is the largest German airline, and the second-largest in Europe (behind Air France-KLM, but before British Airways). ... Karstadt in Frankfurt KarstadtQuelle AG is a German department store corporation, the largest in Europe. ... Karstadt in Frankfurt KarstadtQuelle AG is a German department store corporation, the largest in Europe. ... Deutsche Lufthansa AG (ISIN: DE0008232125) (pronounced ) is the largest German airline, and the second-largest in Europe (behind Air France-KLM, but before British Airways). ... Karstadt in Frankfurt KarstadtQuelle AG is a German department store corporation, the largest in Europe. ... Deutsche Lufthansa AG (ISIN: DE0008232125) (pronounced ) is the largest German airline, and the second-largest in Europe (behind Air France-KLM, but before British Airways). ... Condor Boeing 757, new colours Condor Flugdienst is an airline based in Germany. ...

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Worldwide

Thomas Cook Worldwide has 5 wholly owned subsidiaries Thomas Cook UK, Thomas Cook Netherlands, Thomas Cook France, Thomas Cook Belgium, Thomas Cook Destinations and majority holdings in Condor Flugdienst and TC Touristik. Thomas Cook also has a presence in the Middle East - Specifically in the United Arab Emirates through a licensee agreement it has with a local group called the Al Rostamani Group. The venture operates a travel agency and an exchange business - called Thomas Cook Al Rostamani Travel and Holidays and Thomas Cook Al Rostamani Exchange. The venture is a highly successful one and the travel agency is amongst the top travel agencies in the United Arab Emirates.

In the United Kingdom, Thomas Cook conforms to the model of a 'vertically integrated travel company' operating an airline, a retail arm and also a tour operator. This tour operator division has previously been known as Thomas Cook Tour Operations but in early 2006 was restructured as the 'Holidays Division', incorporating the previously separate Thomas Cook Signature brand alongside the Thomas Cook, JMC and Sunset brands. The 'Specialist Products' division includes Uptrips (including the Club 18-30 brand), Style, Neilson Active Holidays and Sunworld Ireland. Club 18-30 is a holiday company owned by Thomas Cook that offers cut-price holidays for young men and women who are out for what they claim to be a good time. It takes around 110,000 guests each year with turnover of around £50m a year. ...

In 1999, Thomas Cook AG sold off its worldwide Foreign Exchange business to Travelex to concentrate only on tours and holidays.

After the market depression, particularly following September 11, 2001 attacks, Thomas Cook AG had started a disinvestment programme by disposing off some of its subsidiaries and business ventures to follow a highly flexible business model and become an asset light company with minimum capital tie up. The business focuses on Europe for the sale of package holidays and tailor-made holidays for customers specific requirements. A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11—pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly... A package holiday or package tour consists of transport and accommodation advertised and sold together by a vendor known as a tour operator. ...

On December 21, 2005, Thomas Cook AG, sold off Thomas Cook International Markets, a venture which includes 60% of the stake in Thomas Cook India Ltd to Dubai Financial LLC, a part of the Dubai Investment Group (DIG) which manages the financial and real estate interests of HH Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai. Thomas Cook India is a profitable venture which offers a broad band of services like package tours, currency exchange and travel insurance besides hotel and flight reservations. Thomas Cook India has been in existence for 124 years and operates 60 offices across various locations. Thomas Cook India has branches in Sri Lanka and Mauritius and reported sales of €23.3 million. After the take over by Dubai Financial LLC, Thomas Cook India has taken over LKP forex, one of India's leading foreign exchange houses and more recently The Travel Corporation of India (TCI) India's leading travel and tourism corporation. December 21 is the 355th day of the year (356th in leap years) in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Following this, Thomas Cook Overseas Limited, a wholly owned subsidiary of Thomas Cook UK was sold off, this time again to Dubai Financial LLC. (Thomas Cook Overseas Ltd consists of 19 travel agencies, 22 currency exchanges in Egypt with 371 employees and during the 2005 business year had a turnover of just under €6 million).

Thomas Cook AG soon entered the market again, this time to sell off two more of its subsidiaries - Thomas Cook Thailand and Thomas Cook Middle East both to Dubai Financial LLC. Thomas Cook Middle East consists of the Middle East region, which has experienced a boom in travel and tourism, especially in places like Dubai, Qatar, Oman and so on. Thomas Cook Lebanon S.A.L. had started in June 2004 providing travel and financial services. The company also operates a travel agency and a currency exchange in Beirut. Dubai Financials has planned an aggressive expansion strategy for its newly acquired arms.

Thomas Cook Canada was sold to Transat A.T in 2006, marking Thomas Cooks exit from the North American market interms of its own retailer.

On 12 February 2007, Thomas Cook AG announced had merged with MyTravel Group PLC. The parent company of the enlarged group will be named Thomas Cook Group plc, headquartered in the UK and listed in London. Really ad truly, this is a bunch of bollocks!!! February 12 is the 43rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... MyTravel Group PLC is a package holiday company based in the United Kingdom. ... On 12 February 2007, Thomas Cook AG announced had merged with MyTravel Group PLC. The terms of the Merger will result in the Enlarged Group being 52 per cent. ...

Trivia

Thomas Cook UK is currently the principal sponsor of FA Premier League side Manchester City, with the corporate logo displayed on the club's shirts.^[1] Thomas Cook AG is the official travel partner of Chelsea. For the Scottish equivalent see Scottish Premier League The FA Premier League (often referred to as the Barclays Premiership in England and the Barclays English Premier League or just simply The EPL internationally) is a league competition for football clubs located at the top of the English football league system... Manchester City Football Club are a massive [[England|English] football club based in the city of Manchester. ... Chelsea Football Club (also known as The Blues or previously The Pensioners) are an English professional football club based in west London. ...

References

External links

• Thomas Cook AG Official Corporate Website