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

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 👌

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:

 /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

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

Holidaymakers praise Thomas Cook staff 'pop-ups'Ex-Thomas Cook staff across England are working for free to help holidaymakers salvage their trips Volunteering is always a positive experience . Thos Cook em... That says a lot about the staff doing it, I would hope potential employers are taking note.
Source: BBCNews - 🏆 3. / 97 Read more »

'Pay us now' - Former Thomas Cook staff demand government supportThe mayor of Greater Manchester leads calls outside the Conservative Party conference for former staff to get their unpaid wages. Sends a link for Universal Credit online application... Awww they already offered imaginary money to everyone else! Hang on...I know someone who has plenty...DUPleader can you help out Surely the government will show some of that good old Dunkerque spirit they've been banging on about......
Source: SkyNews - 🏆 35. / 67 Read more »

Thomas Cook customers must wait up to TWO months for refundsTHOUSANDS of Thomas Cook customers may have to wait up to two months to get a refund for their cancelled holidays after the travel company went bust last week. In an update from the Civil Aviation …
Source: TheSun - 🏆 64. / 61 Read more »

Thomas Cook refunds to take up to two monthsDirect debit customers will be refunded within 14 days but others will have to wait up to 60 days. I need to tell my mum she will be devastated 😒 BA take as long to refund if its any consolation emszki
Source: BBCNews - 🏆 3. / 97 Read more »

Thomas Cook customers may have to wait up to two months for refundPlans to compensate those with future bookings have been launched as the CAA continues to bring home those stranded abroad. Atleast we’ll be getting our money back.
Source: SkyNews - 🏆 35. / 67 Read more »

Thomas Cook boss claims government could have done more to save travel firmEXCLUSIVE French-German chief executive Christoph Debus had presented a last-ditch plan in the hours before the 178-year-old company went bust Do you think maybe you could have paid yourself and the board less So could he Is he taking the piss . ? He should hand back all his bonus
Source: The Mirror - 🏆 136. / 51 Read more »