not vested
British Airways owner IAG backs out of Thomas Cook airlines bid The chief executive of British Airways owner IAG ruled out bidding for Thomas Cook’s airline unit today, a day after rival
Virgin Atlantic was reported to be interested in part of the business, Reuters reports.
Lufthansa and private equity fund Indigo Partners are seen among the front-runners for Thomas Cook’s airlines after the firm put it up for sale in February, to raise cash after a string of profit warnings in 2018.
IAG had previously been linked with the business, but today, Chief Executive Willie Walsh said that his firm had not made a bid.
“In relation to Thomas Cook... we’re not putting in any bid,” Walsh told reporters.
Virgin Atlantic has put in a preliminary offer for the tour operator’s UK long-haul business, Sky News reported yesterday. Thomas Cook and Virgin Atlantic both declined to comment on the report.
Source: The Standard
http://www.thestandard.com.hk/breaking- ... 0510&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"