Thomas Cook operations in the UAE have not been affected by the collapse of Thomas Cook UK operations.

Al Rostamani Travels used to represent Thomas Cook UK previously but later it tied up with Thomas Cook India, which is owned by Fairfax Financial Holdings Canada and is not a part of Thomas Cook UK.

"We used to be Thomas Cook Al Rostamani. However, we now have tied up with Thomas Cook India which is not under Thomas Cook UK. We have not been affected by the UK crisis because since 2012, the UAE operations are no longer under the UK company. Hence, the business is as usual here," a spokesperson for Al Rostamani told Khaleej Times.

"With the recent developments relating to the iconic British Travel Company, Thomas Cook PLC, being reported in the media, it is imperative to highlight that Thomas Cook India Group is a completely different entity since August 2012, when 77 per cent of the company was acquired by Fairfax Financial Holdings," the Indian company said in a statement on its website.

The world's oldest travel firm Thomas Cook collapsed on Monday, September 23, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

It ran hotels, resorts and airlines for 19 million people a year in 16 countries. Employing 21,000, it currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue operation.

Peter Fankhauser, CEO of Thomas Cook UK, said the company has gone out of business after it failed to secure a rescue package from its lenders in frantic, knife-edge talks over the weekend.

"I apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years," Fankhauser said in a statement.

The UK Prime Minister Boris Johnson assured stranded British travellers that they would be brought home. He stressed that the government rejected Thomas Cook UK bailout of $187 million because of moral hazard.

 
 

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