Jet2: ‘We’re not interested in buying Thomas Cook’

Jet2 has responded to speculation that it might buy Thomas Cook’s airline or retail business, saying it has ‘no interest in either’.

In a statement, CEO Steve Heapy said the company has ‘no need’ to buy any retail shops as it is not part of the company’s strategy.

“In response to comments, we would like to confirm that and Jet2holidays have no interest in either Thomas Cook’s airline or Thomas Cook’s retail business,” Heapy said.

“We continue to enjoy enormous success through our award-winning airline, and this summer we will operate our biggest ever programme with 100 aircraft flying to exciting sun and city destinations across Europe from nine UK bases.”

He said Jet2 will continue focusing on its relationship with independent agents.

“Through our successful package holiday business, Jet2holidays, we have developed fantastic relationships with independent travel agents, who are an integral part of our long-term distribution strategy.

“Our whole approach to working with these agents is based on a partnership model, so that we can support them to increase sales and grow their businesses.

“We are absolutely committed to this partnership approach which is why we have no plans or need to purchase any existing Thomas Cook shops or open our own retail shops in the high street.”

He added: “Let me make this clear, our focus is on continuing to foster close working relationships with independent travel agents through our ‘Partnership2Success’ strategy.

“This includes supporting agents through a range of initiatives such as joint marketing activity, taking agents out into their communities, sponsoring industry events, delivering our Earn Your Wings training programme, running VIP FAM trips, and hosting our annual VIP Travel Agent Conference.

“Through our award-winning trade sales team, which now numbers 20 colleagues, we look forward to continuing to deliver more mutually beneficial success in partnership with independent travel agents across the UK.”

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