Thomas Cook-style collapse could happen again says government aviation review author

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Report reveals Thomas Cook opposed levy to protect the taxpayer from the cots of an airline collapse.

The Bucks review recommended changing insolvency law to allow airlines to continue flying for a short period after they go bust to help repatriate passengers, rather than fleets being immediately grounded.

Sky News can reveal that in its submission to the review Thomas Cook said it"would strongly discourage any proposal of a state sponsored mutual insurance undertaking, where customers pay a levy on travel products that would then feed into a fund used to pay refunds and repatriation costs".Mr Bucks defied these objections to include the measure in his report, and welcomed indications from Transport Secretary Grant Shapps that the government intends to implement his recommendations.

"Or they can change it and at least protect the taxpayer from the overspill of those costs and protect government itself from the need to intervene and protect passengers so that they can have confidence that when they fly, if the worst happens, they will get home. "Clearly there is a problem which will crop up from time to time. These things are quite rare, but unfortunately, we've had two big ones within the space of two years. The probabilities are actually quite low."


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Sunrise ThomasCook - This must be such a worry for all the staff of the late TC. I wish you all well and so hope you find alternative employment very soon. Everyone needs their money 😔

It's going to be a massive struggle for these people . Good luck to all of them.

Jeez give it a rest.

Why is she in her uniform?👀

Never nice when people lose their jobs.

Why is she wearing her uniform

It might be bad for some but on the whole most thomas cook employees I dealt with when on holiday we’re not that great, between Misinformation on the ground or not caring mid flight. I’m not surprised they went under, even held lowest rating on AirHelp

Thousands of people lose their jobs everyday, why is this news or important to the general public, do what everyone else has to do and get on with it🇬🇧🇬🇧🇬🇧👍👍👍

It’s always sad to depart people you spent a lot of time with. But come on. Other jobs exist. We’ve all lost a job at some point. It’s not the end of the world.

No sh Sherlock . What genius worked that out ?🙄

How about adding a fiver to each flight - to cover the cost of the experience being less shite... the whole industry has become a race to the bottom. Like a flying Poundland

It’s illegal to bail them out before Nov 1st...

They said that about Freddy Laker...looks like they were right 👌

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