Incoming Thomas Cook chairman Frank Meysman has purchased 100,000 shares in the company at 39.09p each for a total of £39,090.
Meysman, 59, was recently announced as the firm’s new chairman, and will take over from Michael Beckett when he retires at the end of the year.
Thomas Cook, which has seen its share price fall 77.99% in the past year, last week announced it was suspending dividend payments after reporting that September had been a more challenging month than July and August.
Meysman’s purchase signals his confidence in the travel group, which has issued three profit warnings since August 2012.