Thomas Cook News
Taxpayers face huge bill following Thomas Cook collapse
According to a report from the National Audit Office, the government will be expected to pay £83 million towards the cost of getting customers back home, as well as £58 million in redundancy and related payments.
Thomas Cook Nordic arm saved following Stordalen acquisition
As many as 2,300 jobs have been saved after property tycoon Petter Stordalen led the rescue of collapsed travel agent Thomas Cook’s Nordic arm.
On the Beach seeks to capitalise on Thomas Cook collapse
On the Beach Group has said it is well positioned to benefit from the collapse of Thomas Cook. The 178-year-old travel giant was forced into administration last month, faltering under as much as £3 billion in debts.
Hays Travel to acquire entire Thomas Cook retail estate
Hays Travel has reached an agreement with receivers working on the liquidation of Thomas Cook to acquire the entire retail estate of the collapsed travel agent. The deal will see Hays Travel acquire a total of 555 stores around the UK.
CAA completes Operation Matterhorn as last passengers arrive in UK
The Civil Aviation Authority will complete Operation Matterhorn today following the collapse of Thomas Cook. Since the liquidation of the company on September 23rd, the CAA has repatriated 140,000 passengers in what it brands the largest ever peacetime operation of its kind.
CAA commandeers 100 aircraft for Operation Matterhorn fleet
The Civil Aviation Authority delivered another extensive day of flying on Saturday, running 69 flights covering 40 airports at home and abroad. The news comes as Operation Matterhorn completes its sixth day.
CAA brings 30,000 Brits home as Operation Matterhorn continues
Operation Matterhorn completed a total of 70 flights on the second day of operation, as the CAA continues to repatriate stranded Thomas Cook customers. There are plans for 70 flights to return 16,500 people on Wednesday.
CAA repatriates nearly 15,000 people on first day of Operation Matterhorn
The UK Civil Aviation Authority’s plan to bring Thomas Cook passengers back to the UK completed 64 flights on the first day of operation, returning the first 14,700 people to the country.
Thomas Cook executives come under spotlight following company collapse
Business secretary, Andrea Leadsom, has asked the official receiver to look at whether bosses’ actions “caused detriment to creditors or to the pension schemes”.
Thomas Cook ceases trading as rescue talks collapse
Thomas Cook has ceased trading following the collapse of recuse talks aimed at saving the 178-year-old company. All the organisations in the group will cease operations from today, including Thomas Cook Airlines.
CAA begins huge repatriation effort to bring Thomas Cook customers back to UK
There are currently more than 150,000 Thomas Cook customers abroad, almost twice the number that were repatriated following the failure of Monarch. In response, the Civil Aviation Authority will launch a repatriation programme over the next two weeks.
Thomas Cook takeover hits last minute hitch
Thomas Cook has been told it needs to find an extra £200 million in extra funding in order to secure its future. The troubled operator has hoped to seal a rescue deal led by Fosun Tourism Group this week.