Thomas Cook collapses: What next and why?

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Customers are advised not travel to the airport as all flights has been cancelled. FMTNews

The UK Civil Aviation Authority is launching a repatriation programme to bring Thomas Cook customers back to the UK.

“Due to the significant scale of the situation, some disruption is inevitable, but the Civil Aviation Authority will endeavour to get people home as close as possible to their planned dates,” it said. “Thomas Cook customers in the UK yet to travel should not go to the airport as all flights leaving the UK have been cancelled.”“I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years,” Thomas Cook CEO Peter Fankhauser said.

The request for an additional 200 million pounds torpedoed the rescue deal that had been months in the making.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Travel firm Thomas Cook collapses, stranding hundreds of thousands of travellersLONDON (Reuters): Thomas Cook, the world's oldest travel firm, collapsed on Monday (Sept 23), stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. jezlai see this is how it works. A company fails it fails. NoBailout i always thought Thomas Cook was a bank? don’t they used to issued Thomas Cook cheque?
Source: staronline - 🏆 4. / 75 Read more »

British travel giant Thomas Cook declares bankruptcy | The Malaysian InsightThis triggers UK's biggest repatriation since WWII to bring back stranded passengers.
Source: msianinsight - 🏆 8. / 63 Read more »

UK travel giant Thomas Cook set to collapseIts shareholder Chinese Fosun agrees to inject £450 million. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Thomas Cook battles for survival with final creditor meetingThomas Cook has been fighting for its survival after lenders threatened back out of a rescue deal that has been months in the making. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Thomas Cook has approached UK government for bailout fundsThomas Cook could leave hundreds of thousands of holidaymakers stranded if it fails to find funds. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Travel giant Thomas Cook fails to find private funds to avert collapse | The Malaysian InsightTravel giant Thomas Cook fails to find private funds to avert collapse
Source: msianinsight - 🏆 8. / 63 Read more »