Chinese tourism group Fosun has been in negotiations with Thomas Cook over the acquisition of a controlling stake for some time. Just a few weeks ago, the deal seemed a formality; an issue of when, not if. Now the sands have shifted, and just as clarity is needed, increasing doubt is being cast on the deal.
On Tuesday, Ryanair announced that it will cut 20 of its 23 flights from Glasgow Airport in November 2018. This will jeopardise around 300 jobs and 500,000 passengers will be affected, according to airline representatives, whereas Glasgow Airport estimates around 100 jobs to be lost.