According to UK’s Civil Aviation Authority (CAA), the British tour company has ceased operations with immediate effect. This was necessary as negotiation talks to rescue the company failed. According to reports, more than 600,000 people have been affected with over 250,000 tourists stranded. Thomas Cook is the largest oldest transport company in the world.

Chief Executive Officer, Peter Fankhauser noted that the company’s collapse was a matter of profound regret. Peter also apologized to over 30,000 of the company’s employees and also millions of the firm’s customers worldwide for this unfortunate situation.

Travel expect Simon Calder who spoke to BBC news earlier revealed that Thomas Cook was not ready for the 21st century. “It was using a model that was great for the second half of the 20th century where people would obediently go into their local travel agency and book a package holiday. Now, everybody can pretend they are a travel agent. They’ve got access to all the airline seats, hotel beds, car rentals in the world and they can put things together themselves. Thomas Cook simply wasn’t differentiating enough” Simon said.

Breaking: British tourist transport company, Thomas Cook goes bankrupt as rescue talks failedhttps://t.co/c1zASz1N1d

— Kelvin Mawunya Ashong (@Mawunya_) September 23, 2019

Somewhere August this year, Thomas Cook secured for it self a rescue deal worth 900million euros led by Chinese firm Fosun who is Thomas Cooks largest shareholder but a sharp demand from its lending bank to raise an additional 200million euros in contingency funding had put the whole deal in doubt. Fosun said it was very disappointed following Thomas Cook’s sudden collapse. The firm also expressed its deepest regret for those affected across the globe.

The holiday company spent lots of time on Sunday, the 22nd of September in talks with lenders trying to secure additional funding to salvage the situation but was to no avail. The company blamed its problems on many factors including the recent  Brixit deal, political unrest in holiday destinations such as Turkey and other several factors as well.

By: Kelvin Mawunya Ashong. Twitter Kelvin Mawunya Ashong, Facebook: Kelvin Mawunya (Official) Company: kam-links ltd. Do you have article or a story you may want to publish? Please email us now or whatsapp on +233546770815. kamlinksgh@gmail.com/kamlinks.com website: Kamlinks.com passion 4 excellence!!!

president Nana Akufo-Addo sacks NYA Boss…https://t.co/8AsgviQCln

— kelvin Mawunya Ashong #SayNoToXenophobicAttacks (@Mawunya_) September 4, 2019

President of the republic of Ghana, Nana Addo Dankwa Akufo-Addo has terminated the appointment of the acting Chief Executive Officer of the National Youth Authority  (NYA). The acting CEO together with his two deputies Mr. Richard Ebbah Obeng and Mr. Bright  Acheampong were relieved of their duties on the 3rd of September 2019 in a letter signed by the Minister of Youth and Sports, Isaac Asiamah.

“I regret to inform you that the President of the Republic has terminated your appointment. You are directed to hand over your office to Mr. Emmanuel Anaman-Mensah, Director of Technical Projects of the Authority and proceed to collect any terminal benefits or facilities due you under relevant law” excerpts of the termination letter of one deputy reads.

That of the CEO also reads, “Please ensure that, you hand over and cease to act as Chief Executive Officer of the Authority not later than close of business on Wednesday, 4th of September 2019”

There are reports that Mr. Asigri had been accused of engaging in questionable procurement projects.

By: Kelvin Mawunya Ashong. Twitter Kelvin Mawunya Ashong, Facebook: Kelvin Mawunya (Official) Company: kam-links ltd. Do you have article or a story you may want to publish? Please email us now or whatsapp on +233546770815. kamlinksgh@gmail.com/kamlinks.com website: Kamlinks.com passion 4 excellence!!!