Thomas Cook on brink of collapse as bosses scramble for rescue deal

London, 150,000 UK holiday makers would have to be brought home in the biggest repatriation in peacetime history if travel agent Thomas Cook were to collapse.

The troubled company are holding last minute talks in a bid to stave off falling into administration, which would put 20,000 jobs at risk.

The 178-year-old travel agent has been left with a ?200m black hole in its finances following a demand by lenders to secure new standby funding.

Source: Jordan News Agency