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ThisisBigBrother.com - UK TV Forums > Non Big Brother Chat > Serious Debates & News > Thomas Cook Travel and Airline Collaspses Stops Trading
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Old 19-09-2019, 04:30 PM #1
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Default Thomas Cook Travel and Airline Collaspses Stops Trading
China Company is still to buy it,
but still they are tanking.
The next 24hours
means it must plug a £200 million hole.


A Fire Sale
178 years company.

Also possible trouble if it goes under
to get folks home.


Just reported Live On SkyNewsHD
buy their great City Editor



https://www.bbc.co.uk/news/business-49761464
Last edited by arista; 23-09-2019 at 01:05 AM.
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Old 19-09-2019, 04:58 PM #2
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"Don't just book it, Thomas Cook it"
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Old 19-09-2019, 05:03 PM #3
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Quote:
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"Don't just book it, Thomas Cook it"

Those Days have long gone.
around 10 days to try and get new funds.
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Old 23-09-2019, 10:40 AM #4
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Originally Posted by Alf View Post
"Don't just book it, Thomas Cook it"
Don't just flex it, when Brexit wrecks it.
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Old 23-09-2019, 10:54 AM #5
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Quote:
Originally Posted by The Slim Reaper View Post
Don't just flex it, when Brexit wrecks it.


Look 8 years ago or so they nearly went under
Its not Your Brexit.


Bad Managed
not getting up to date



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Last edited by arista; 23-09-2019 at 10:56 AM.
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Old 23-09-2019, 11:50 AM #6
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If it wasn't for this brexit uncertainty they wouldve been bailed I think. Thing is why was the onus in the govt to get them home? Travel agents such as tc are ABTA and ATOL protected so the holiday is insured against this when you book?...
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Old 21-09-2019, 12:20 AM #7
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Latest:
[Thomas Cook gives up hope of private rescue amid City blame game
The hedge fund CQS walks away from talks to provide urgent liquidity
to the ailing travel company]





https://www.bbc.co.uk/news/business-49761464

[The travel company could fall into administration this
weekend unless it
finds £200m in extra funds needed to secure its future.
Banks, including RBS and Lloyds, insist the firm comes up with
the new contingency funds in case it needs extra money
during the winter months.
A collapse would leave 150,000 UK holidaymakers stranded.]


Last edited by arista; 21-09-2019 at 06:49 AM.
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Old 21-09-2019, 12:09 PM #8
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The 2 Banks are refusing to lend
any more money as the future is grim
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Old 22-09-2019, 01:05 PM #9
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Thomas Cook crisis: UK 'has plans in place' if customers are left stranded

[The 178-year-old company needs to
secure a £200m lifeline following a
demand from lenders - or face being placed
into bankruptcy proceedings in the early hours of Monday.]


Tomorrow Monday
a final meeting.

https://news.sky.com/story/thomas-co...ation-11816011



A BBCNewsHD report
showed a hotel in Tunisia
that locked the gates
stopping anyone leaving last night
they were afraid they were not getting paid by Thomas Cook
later on they were paid.
Maybe they watching UK news feed
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Old 23-09-2019, 12:06 AM #10
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Brexit is running anyway
The Truth in Thomas Cook
is they are not able to stay afloat
not able to get any more loans

Last edited by arista; 23-09-2019 at 12:10 AM.
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Old 23-09-2019, 12:12 AM #11
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A lady I know was due to go on holiday tonight to Tunisia, flying about now, she'd been looking forward to going for over a year. Booked with TC and idk if she's gone or not now, looking doubtful. Feel so sorry for her.
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Old 23-09-2019, 12:14 AM #12
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A lady I know was due to go on holiday tonight to Tunisia, flying about now, she'd been looking forward to going for over a year. Booked with TC and idk if she's gone or not now, looking doubtful. Feel so sorry for her.

Yes it terrible
Anyone with a Thomas Cook deal should not go


https://news.sky.com/story/rescue-ho...lapse-11817447
Last edited by arista; 23-09-2019 at 12:27 AM.
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Old 23-09-2019, 12:13 AM #13
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Old 23-09-2019, 12:35 AM #14
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Thomas Cook online
have stopped any more bookings


Last edited by arista; 23-09-2019 at 12:39 AM.
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Old 23-09-2019, 01:07 AM #15
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Now sadly confirmed
Thomas Cook has failed to stay afloat.

There Costings never went low.

No more Flights.
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Old 23-09-2019, 01:09 AM #16
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Sadly you are now Fired
Last edited by arista; 23-09-2019 at 01:09 AM.
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Old 23-09-2019, 01:14 AM #17
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Sadly you are now Fired
Actullay they are made redundant not fired
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Old 23-09-2019, 01:19 AM #18
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Actullay they are made redundant not fired



Very True
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Old 23-09-2019, 01:14 AM #19
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[half-year losses of £1.46bn]
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Old 23-09-2019, 01:14 AM #20
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Old 23-09-2019, 01:27 AM #21
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Old 23-09-2019, 08:09 AM #22
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Really sad.
All my thoughts are with those losing their jobs and the vast number of stranded passengers, facing awkward, longer waits and journey's eventually back home.
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Old 23-09-2019, 08:59 AM #23
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Feeling very frustrated on behalf of those stuck or faced with redundancy this morning. I know how furious I'd be if I was stuck in this situation so I hope it is resolved for everyone soon!
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Old 23-09-2019, 09:02 AM #24
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it was inevitable, the company had been on borrowed time for a long time
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Old 23-09-2019, 09:06 AM #25
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It's a bit sad for me,I used to work for Thomas Cook as a holiday rep,I met my husband on one of my stays in Zante and we had a beautiful daughter, we both left years ago,but still sad they are no more.
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