Troubled German retail group Arcandor has decided not to sell its majority stake in Thomas Cook to raise urgently-needed funds. Meanwhile, Cook has pulled out of talks to merge German carrier Condor with rivals TUIfly and Germanwings in a three-way “mega-alliance”.
The international cruise market will continue to grow strongly thanks to new ships offering more activities and entertainment than ever, according to senior managers at the recent fvw Kongress.