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Thomas Cook to hold key talks with shareholders

29 May 2012 Last updated at 09:45 BST

The tour operator, Thomas Cook is to meet with shareholders today, to discuss the company's future.

The holiday company, which appointed a new chief executive last week, wants to sell and lease-back part of its fleet of planes and sell some of its Spanish hotels.

The company has been warned, that if it fails to get backing for this deal, it could collapse.

Julia Caesar reports.