UK aviation watchdog prepares for possible Thomas Cook collapse

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The CAA is making contingency plans for the possibility of having to repatriate ‘hundreds of thousands’ of passengers stranded abroad. FMTNews

Thomas Cook is currently trying to secure a more than £1 billion rescue package.

The Civil Aviation Authority is making contingency plans for the possibility of having to repatriate “hundreds of thousands” of passengers stranded abroad, the newspaper said. The UK Civil Aviation Authority was unavailable for comment outside of normal working hours. Thomas Cook declined to comment on a possible delay of the meeting.

The travel agent may appeal to the courts to push back a bondholder meeting set for Wednesday in order to gain more time to finalise the restructuring agreement, the Financial Times reported without saying where it got the information.

 

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