Thomas Cook collapse means headaches for Transat as partnership deal dies

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Transat Inc. could face fallout from the collapse of Thomas Cook Group Plc after a partnership between the companies died Monday.

The tour operator, which runs Air Transat, was in the second year of a seven-year deal to exchange aircraft with the British company's airline on a seasonal basis.

He said Transat, which is working to complete its takeover by Air Canada next year, is "confident" the Airbus A321 planes will still come through, but is nonetheless making contingency plans. About 600,000 travellers were stranded across the world Monday after Thomas Cook collapsed, immediately halting almost all its flights and hotel services and laying off all its employees as the company ceased trading.

Nasim Lalji, who lives in Brampton, Ont., was scheduled to take a Thomas Cook flight from London to Turkey next week with her husband until the flight was cancelled Monday.

 

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I get all these stories of passengers. What about the Employees ? This has affected the well being & livelihood hood of how many employees that are now out of work ThomasCookcollapse

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