The boss of Thomas Cook has hailed the group’s progress as it embarks on a £1.6 billion refinancing plan.
The move will help to cut debt and improve the company’s balance sheet, which could lead to the resumption of a dividend payment.
Thomas Cook chief executive Harriet Green said the news marked a significant milestone for the 172-year-old company.
“I think we’re making tremendous progress, we couldn’t have done this refinancing without the great progress of the business. Not only is Thomas Cook back, we’re better,” she said.
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