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Travel firm Thomas Cook collapses, leaving hundreds of thousands stranded

Grounded airplanes with the Thomas Cook livery are seen at Manchester Airport, Manchester, Britain September 23, 2019. [REUTERS/Phil Noble]

The world’s oldest travel firm Thomas Cook (TCG.L) collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

The liquidation marks the end of a British company that started in 1841 running local rail excursions before pioneering the package holiday and growing into one of the world’s largest tour operators.

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