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Thomas Cook is using its near-collapse as a chance to re-invent the operation through a series of asset sales as well as turning back to the agents who can drive bookings.

After one of the most turbulent years in its history, Thomas Cook this morning announced a new boss for the group, following a number of other milestones in May, including the sale in its stake of Thomas Cook India, a new £1.4 billion refinancing deal, a new chief financial officer and the planned sale of 17 aircraft to raise around £183 million.

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Tags: travel agents

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