Thomas Cook Airlines up for sale? Deucalion ABS portfolio sale closed.

Unconfirmed reports have revealed that British holiday company Thomas Cook Group may sell its airline business. UK newspaperthe Sunday Times reported that the move was motivated by the need to cut costs. The newspaper reported that the group has spoken to a number of potential buyers including rival carriers and private equity investors but that no deal was reached nor currently under negotiation. Thomas Cook has only commented that considers the airline as a key part of its business but that it is open for opportunities. Meanwhile, DVB’s aviation investment vehicle, Deucalion, closed its $667million aircraft asset-backed securitization (ABS) backed