Thomas Cook’s debt to Egypt hit EUR 14 mn

Liquidated British tour operator Thomas Cook’s debt to Egypt is at EUR 14 mn, half of which are owed to its local operator, Blue Sky travel group, Blue Sky Chairman Hossam El Shaer said at a presser, according to Al Mal. Thomas Cook should be able to repay its debt once it sells off its assets, El Shaer said. The British company had abruptly announced its liquidation in September its total debt hit USD 1.7 bn, resulting in the cancellation of 25k reservations to Egypt booked up to April 2020.