Thomas Cook travel chaos: firm's collapse leaves 150,000 stranded abroad, live update

Danbones

Danbones

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A huge repatriation effort has begun after company ceases trading with immediate effect, causing flights to be cancelled

Summary: Thomas Cook collapses
Full story: Thomas Cook announces administration after last-ditch talks fail
Thomas Cook collapse: your questions answered
Boris Johnson: are directors to blame?
Unions: Government should have done more
How have you been affected?
https://www.theguardian.com/busines...aves-150000-stranded-on-holidays-live-updates

The firm runs hotels, resorts, airlines and cruises for 19 million people a year in 16 countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue operation.
https://globalnews.ca/news/5936407/thomas-cook-deal-uk/


Couldn't get a credit package to maintain their debts...so goodnight I lien.
The 600,000 people abroad are basically stranded and have to be rescued it looks like. By the government it looks like. At Tax payers expense it looks like.

Welcome to the world wide financial collapse it looks like.
;)
(Just lie back and...) Enjoy ( It looks like).
 
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Danbones

Danbones

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Hoid said:
should be under one of the 8,000 Brexit threads
Click to expand...
Yes, you should. With the crooked execs who took their bonuses while they were leaving everyone so global.
;)
How pEU can you get?
 
Danbones

Danbones

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Curious Cdn said:
How are the Brexiteers going to get to the continent, now?
Vacations at a Butlins, from now on.
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They will do you like you do on check day, and walk into town to save for that one extra bottle of sherry.
 
Blackleaf

Blackleaf

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Amazing that Thomas Cook was founded in 1841. It's the world's oldest travel company.

Back in the early 19th Century some wealthy Brits liked to go hiking in the French and Swiss Alps. It became a bit of a craze. So Thomas Cook came along and thought he could set up a successful business and make a lot of money in helping these people fulfill their dreams.

On Monday, Sky News interviewed a newlywed couple at a British airport whose honeymoon was ruined because all Thomas Cook aircraft are grounded. The man's name? Thomas Cook!
 
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C

Curious Cdn

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Blackleaf said:
Amazing that Thomas Cook was founded in 1841. It's the world's oldest travel company.
Back in the early 19th Century some wealthy Brits liked to go hiking in the French and Swiss Alps. It became a bit of a craze. So Thomas Cook came along and thought he could set up a successful business and make a lot of money in helping these people fulfill their dreams.
On Monday, Sky News interviewed a newlywed couple at a British airport whose honeymoon was ruined because all Thomas Cook aircraft are grounded. Te man's name? Thomas Cook!
Click to expand...
The Grand Tour has deteriorated into drunken British louts terrorizing the Spanish beaches.
 
Blackleaf

Blackleaf

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Curious Cdn said:
How are the Brexiteers going to get to the continent, now?
Vacations at a Butlins, from now on.
Click to expand...

Nothing wrong with Butlin's. My family used to go to the one in Pwllheli when I was a kid. Great days. Me and my brother and dad exploring the strange creatures living in the rock pools on the nearby beach. My uncle buying us all scampi and chips in the restaurant one night.
 
Danbones

Danbones

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Now we return you to the actual news:

UK ministers accused of sealing Thomas Cook's fate

Offers from Spain and Turkey to save firm reportedly had no support from Westminster

The government has been accused of sealing Thomas Cook’s fate, as claims emerged that the Spanish and Turkish governments had offered to help save the stricken tour operator, only for the deal to disintegrate due to a lack of support in Westminster.

As recriminations flew, government-chartered aircraft began flying 150,000 stranded Thomas Cook customers back to the UK after the 178-year-old tour operator collapsed into liquidation in the early hours of Monday under the weight of its debts.

Around 9,000 UK staff are facing redundancy, while thousands of holidaymakers were left waiting for the state-backed airlift in airports from the US to mainland Europe and north Africa, after weekend talks about a £1.1bn financial rescue fell apart.

The discussions were abandoned on Sunday after the government turned down the company’s request for financial support to help tide it over the winter.

Details of the government’s refusal to step in came as current and former Thomas Cook executives faced criticism for multimillion-pound pay deals in recent years.

The firm’s last three chief executives took home combined pay packages – including bonuses – worth more than £35m in the past 12 years, triggering calls from the Labour party for the bosses to return their windfalls.
https://www.theguardian.com/busines...lying-150000-thomas-cook-customers-back-to-uk
 
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