{"id":111245,"date":"2019-09-21T15:01:25","date_gmt":"2019-09-21T13:01:25","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2019\/09\/21\/holiday-nightmare-big-debts-and-bad-luck-push-thomas-cook-to-the-brink\/"},"modified":"2019-09-21T15:01:25","modified_gmt":"2019-09-21T13:01:25","slug":"holiday-nightmare-big-debts-and-bad-luck-push-thomas-cook-to-the-brink","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=111245","title":{"rendered":"Holiday nightmare: big debts and bad luck push Thomas Cook to the brink"},"content":{"rendered":"<p>The tour operator\u2019s banks are demanding \u00a3200m. Otherwise it will fail \u2013 leaving jobs at risk and customers strandedFor the second time in less than a decade, Thomas Cook is staring into the abyss, facing the prospect of its 178-year history coming to an ignominious close.Just three weeks ago, the tour operator looked to have secured a \u00a3900m rescue package \u2013 half provided by Chinese tourism business Fosun, the rest by a mixture of banks and hedge funds. The debt-for-equity swap would wipe out of \u00a31.7bn of loans, allowing the company to make its interest payments during the barren winter, when less cash comes in because bookings are low. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/2019\/sep\/21\/thomas-cook-holiday-nightmare-big-debts-bad-luck-brink\" target=\"_blank\">Holiday nightmare: big debts and bad luck push Thomas Cook to the brink<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tour operator\u2019s banks are demanding \u00a3200m. Otherwise it will fail \u2013 leaving jobs at risk and customers strandedFor the second time in less than a decade, Thomas Cook is staring into the abyss, facing the prospect of its 178-year history coming to an ignominious close.Just three weeks ago, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-111245","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/111245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111245"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/111245\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}