Thomas Cook, Tour Operator, Repatriation

Thomas Cook, Tour Operator

UK giant Thomas Cook folds, sparking huge tourist repatriation

The fall of Thomas Cook has triggered UK's biggest repatriation since World War II to bring back stranded passengers.

23.9.2019

The fall of Thomas Cook has triggered UK's biggest repatriation since World War II to bring back stranded passengers.

British travel group Thomas Cook on Monday declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK's biggest repatriation since World War II to bring back tens of thousands of stranded passengers. In a statement published in the early hours of the morning, Thomas Cook

In a statement published in the early hours of the morning, Thomas Cook said that"despite considerable efforts" it was unable to reach an agreement between the company's stakeholders and proposed new money providers.

"Following the collapse of Thomas Cook and the cancellation of all its flights, Transport Secretary Grant Shapps has announced that the government and UK Civil Aviation Authority has hired dozens of charter planes to fly customers home free of charge," a statement said, describing it as the largest repatriation in peacetime history.

Thomas Cook chief executive Peter Fankhauser called it a"deeply sad day", with thousands of jobs lost.

Two years ago, the collapse of Monarch Airlines prompted the British government to take emergency action to return 110,000 stranded passengers, costing taxpayers some £60 million on hiring planes.

In return, the Hong Kong-listed conglomerate acquired a 75 percent stake in Thomas Cook's tour operating division and 25 percent of its airline unit.

It soon began arranging foreign trips, being the first operator to take British travellers on escorted visits to Europe in 1855, to the United States in 1866 and on a round-the-world trips in 1872.

Read more: Yahoo Singapore

British travel firm Thomas Cook collapses, stranding hundreds of thousands[LONDON] Thomas Cook , the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. Read more at The Business Times.

British 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.. Read more at straitstimes.com.

World's oldest travel company Thomas Cook in talks with British government, investors over rescue dealLONDON (REUTERS) - Britain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.. Read more at straitstimes.com.

British travel firm Thomas Cook collapses, stranding hundreds of thousandsLONDON: Thomas Cook , the world's oldest travel firm, collapsed on Monday (Sep 23), stranding hundreds of thousands of holidaymakers around the ...

British travel firm Thomas Cook collapses, stranding hundreds of thousandsLONDON — 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.

Thomas Cook in talks with UK government and investors over rescue dealBritain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse ...

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