Airtours in First Choice deal

Thomson Holidays is to be ousted from its position as the UK's number one holiday operator after Airtours took control of First…

Thomson Holidays is to be ousted from its position as the UK's number one holiday operator after Airtours took control of First Choice Holidays late yesterday.

After a £1 billion bid for First Choice, Airtours has succeeded in buying 49 per cent of shares in the company.

It said that shareholders owning a further 2 per cent had agreed in principle to accept the deal.