Thomas Cook collapses as rescue talks fail

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The tour operator's failure means more than 150,000 British tourists will need to be repatriated.

Transport Secretary Grant Shapps said the company's collapse was"very sad news for staff and holidaymakers".

On Sunday, empty aircraft had already started to be flown overseas, ready to bring British tourists home on Monday. The CAA is also contacting hotels accommodating Thomas Cook customers, who have booked as part of a package, to tell them that the cost of their accommodation will be covered by the government, through the Air Travel Trust Fund and Air Travel Organiser's Licence scheme .

He urged customers in the UK who were due to travel not to go to the airport"because very sadly your flight has been cancelled".

 

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The government did right by not bailing them out.

BBCJonSopel Maybe JRMogg and Co were busy too buying shares in EasyJet....

Where the hell is Simon Caulder?!!! 🤔

Its a wonder they are not laying the blame at the hands of 17.4 million democratic people they do for everything else!

LucilleMaryE ney wonder there just a shite version of tui ! Tui love the baby omelette birth stories 👼

Such a shame 🙁

So predictable - you barely mention Brexit & waffle on about the net's impact on holidays patterns (also applies to Tui which is not going bust). ThomasCook: 'political uncertainty related to Brexit over recent months has led to softer demand.'

Online vs High Street again

Well bless my soul......didn't see that one coming!

Here's some information for anyone who may be wanting to check if the holiday or flights only deals are covered or how to get your money back. I thought it may be helpful to people if anyone is worrying:

About time. They have no customer service anymore and change flight times without consideration for customer

Another triumph for the brilliance of British business management

Respective holiday makers are covered by ATOL, which covers them in this eventuality. Hence the reason they are all being flown home free of cost to the holiday maker.

Errr anybody got a spare few billion

What British govt is doing ... Does it only having responsibility to take corporate tax on time even taxes from employees.. Goverment need to come ahead and rescue it's citizen rights .. good luck

A shame but the managing of this company is said to be shocking.

The Government should have nationalized the company,saving jobs and the cost of the repatriation.

BBCJonSopel Well you did want to cut back on air pollution .People better get used to camping in the rain in some farmers field cos there will be loads of spare fields as there will be not many farting cows that need them

Why don’t you mention the real cause of this catastrophic collapse ? BREXIT !!!! They said it, you don’t print it. I don’t get any longer 😳

Last Friday, 'experts' were telling us ThomasCook would collapse imminently. Staff were told to say 'business as usual' over the weekend. It was obviously 'project fear', 'negotiations are ongoing'. Collapse. ThomasCook blame it on Brexit. Don't you just hate analogies?

Stranding hundreds of thousands of Brits abroad . The Brexit effect begins .

The good news is that Chris Grayling is not organising the repatriation.

CheeseburgerCap that delay to Monday by the CD seems to have been rather prescient then

Should the Government have stopped ThomasCook from going into administration?

Don't see you mentioning this in your article.

What about all those £Billions pledged to mitigate Brexit economic damage? Why haven't the Tories supported Thomas Cook?

Demise of a High Street name.

Implications for AirCanada acquisition of airtransat?

Very sad. I remember as a boy travelling on the original Orient Express and the Thomas Cook representative meeting us at the Gare du Nord in Paris in his uniform with yellow banded hat to help us on our way.

Waiting for it to be blamed on BREXIT

Feel so sorry for the ThomasCookUK employees this morning.

Happy to provide a comment as someone who has saved up all year and now has had their holiday cancelled and cannot rebook

Camping and caravan holidays have increased in popularity for sure .

Well youve got to give credit to our MPs on both sides of the divide. More than happy to see any British company fail. because that is what they do.

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Thomas Cook: planes put on standby to rescue travellers as talks go to wire‘Pressured’ talks ongoing with multiple investors as government faces possible £600m repatriation bill Dünyanın sonu gözüktü hazirlanin hazirlanin..Mehdi isa.. antonioguterres AJ AdelAljubeir JLo larsonchristina cnbcSri ChrisJack_Getty DonaldJTrumpJr WhiteHouse ILLUMINATIAM bilderberg54 Bilderberg MasonLocal4049 10DowningStreet PMOIndia INCIndia IndyCar AdilH6 peak
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Thomas Cook set for last-ditch rescue talks today as MPs urge ministers to step inLabour has demanded that the government step in and help rescue the once-nationalised holiday company
Source: The Independent - 🏆 80. / 59 Read more »

Thomas Cook set for last-ditch rescue talksThe tour operator will hold a crisis meeting with key players on Sunday in a bid to avoid insolvency. Think they shouldn’t have gone into the aviation side of business. This must have proved expensive surely? Good why Should taxpayers bail business out? Putting off the inevitable?
Source: BBCNews - 🏆 3. / 97 Read more »

Thomas Cook in last-ditch talks to avoid collapseUp to 150,000 UK holidaymakers affected with 9,000 British jobs at risk as firm looks for £200m in funds How can it avoid collapse now? Caught in a vicious circle. Who in their right mind will be booking holidays with them now, bookings must be almost non-existent. Last ditch was probably an unfortunate choice of words in the context of aeroplanes. Or maybe not. Spaffers and his cabinet of all the horrors could save TC with a fraction of what they’re spending on their self inflicted Brexit preparations....will they? Doubtful.
Source: The Guardian - 🏆 84. / 53 Read more »

Thomas Cook travellers still boarding as clock ticks down on talksUK check-in desks operating normally despite anxiety over risk of cancelled return flights what happens if tc goes bust while they are in mid air are they thrown out the nearest airlock?
Source: The Guardian - 🏆 84. / 53 Read more »

Holidaymakers left helpless as last-ditch talks to save Thomas Cook continueGovernment refuses to step in to provide £200m in finance
Source: The Independent - 🏆 80. / 59 Read more »