Thomas Cook says it's bullish about travel biz and open to new investments

The tour operator issued a statement on T

Company News: Thomas Cook India has said its funds position is strong and it is not impacted by the recent challenges in the aviation sector. The company said it’s bullish about its travel and foreign exchange business and is open to new investments.

The tour operator issued a statement on Tuesday in the backdrop of financial crisis faced by rival firm Cox & Kings. Thomas Cook’s stock has slipped 16 per cent from the start of the month and ended at Rs 193.60 on BSE on Tuesday.

Thomas Cook India chairman Madhavan Menon said the company had cash and bank balance of Rs 1,058 crore on a consolidated basis as on March 31. He said the company is debt free on a standalone basis having prepaid its Rs 67 crore of debentures, is seeing healthy booking growth and a turnaround in its destination management business. Read More

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