Thomas Cook seeks partner in China

China is the remaining portion of the market strategy emerge from Thomas Cook three panes.?Photo: GETTY

Chief Executive Manny Fontenla-Novoa tells the Sunday Telegraph.Les analysts expect throughout the year results Wednesday for Thomas Cook show profits before taxes before exceptional items by 9 7pc 278 m £, with earnings before interest, taxes and amortization 5MC below 394 million to £.


China is the remaining portion of the market strategy emerge from Thomas Cook three panes.In 2008, the group bought the Indian travel company it had sold to Dubai Financial Group two years earlier, while Russian entry implies it paid £ 28. 5 m in cash and shares, options to purchase the rest over five years.


"Our strategy was to go to the Russia India, China," says Mr. Fontenla-Novoa. " We have the India.We're the Russia this year and we'll look at probably do something in China by 2012. It will probably be a joint venture and an entry similar to the Russian.?


Acquisition of a Chinese travel operator should take longer than the Russian agreement, taking into account concerns réglementaires.Bien British market remains difficult, M. Fontenla-Novoa believes that next year will be easier than 2009-2010.This exercise was the hardest we had to United Kingdom, "he said."


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