PUBLISHED: 09:25, Wed, Sep 9, 2020 | UPDATED: 14:34, Wed, Sep 9, 2020
Thomas Cook fell into administration in October last year, leaving thousands of holidaymakers with shattered plans and travel firm workers without jobs. Now, the Chinese conglomerate which purchased the firm is reported to be on the cusp of relaunching the travel firm.
Fosun, which snapped up Thomas Cook intellectual property assets for £11m following its demise, is due to unveil its online revival.
It is thought the firm will now operate under the esteemed name but as an online-only travel agent.
However, the new Thomas Cook will not operate its own airline or hotels.
It will also not be linked to any high street stores.
The news comes despite the ongoing coronavirus pandemic which is currently battering the travel industry around the globe.
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Thomas Cook is set to relaunch online (Image: Getty Images)
Thomas Cook: Thousands were left jobless following the firm's demise in 2019 (Image: Getty Images)
According to Sky News, the big reveal could come “as soon as this month”.
Competitors will likely keep a keen eye on how the travel agent will reestablish itself in some of its former main markets such as Spain.
It is thought that the holiday firm will address how it will deal with the COVID-19 pandemic.
This is likely to include any regulations regarding quarantine and safety.
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