By Boston Herald Wire Services | PUBLISHED: September 22, 2019 at 3:45 pm | UPDATED: September 22, 2019 at 3:45 pm LONDON — More than 600,000 vacationers who booked through tour operator Thomas Cook were on edge Sunday, wondering if they will be able to get home, as one of the world’s oldest and biggest travel companies teetered on the edge of collapse. The debt-laden company, which confirmed Friday it was seeking 200 million pounds in funding to avoid going bust, was in talks with shareholders and creditors to stave off failure. A collapse could leave around 150,000 travelers from Britain stranded, along with hundreds of thousands from other countries. The company has sought to reassure customers that flights were continuing to operate as normal. Most of Thomas Cook’s British customers are protected by the government-run travel insurance program, which makes sure vacationers can get home if a British-based tour operator goes under while they are abroad.Thomas Cook’s financial difficulties also raised questions about the jobs of the 22,000 people employed by the company around the world, including 9,000 in Britain. If the company collapsed, Britain’s Civil Aviation Authority would probably be ordered by the government to launch a major… Read full this story
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