Thomas Cook bids to sell off airline business

British holiday company Thomas Cook Group is seeking to sell its airline business as part of a cost-saving plan, the Sunday Times newspaper reported, without citing its sources.

The world’s oldest travel group has sounded out a number of potential buyers over the last few months, including rival carriers and private equity investors, but no deal has yet been reached and no talks are currently under way, the newspaper said.

Thomas Cook could not be reached for immediate comment.