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Thomas Cook

Jerry

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So so far:

TC UK SH - easyJet rumoured. Wouldn't see Jet2 doing it.
TC UK LH - VS very much interested.
CONDOR - LH very much interested.
NORDIC - Triton now very much interested.

Could probably raise that £1.5 billion write off if not turn a profit with the sale of all these.
With Easyjet i'd be surprised especially as they seem more of an airline that would pick off the carcass of an airline than take it over.
 

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Sherburnflyer92

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That is very true; however the airline is profitable it's the tour operations that are not. That could make it more attractive to them.

easyJet have made it no secret they want to go into the tour operator business. Thomas cook have made it clear that they don't need nor want an airline anymore. If easy buy TC, TC gets what it wants - a airline business willing to operate flights for them which is de-risked. easyJet get what they want; more bums on seats, guaranteed seats and income on services (if the contract is written that way) and a tour operator in a fashion. It's a win win for them.

Jet2 would be in my eyes, the only other operator to takeover them. But with Jet2 having an all Boeing fleet i very much doubt that would happen.
 

TheLocalYokel

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With Easyjet i'd be surprised especially as they seem more of an airline that would pick off the carcass of an airline than take it over.
That's what they did with Air Berlin, wasn't it? I think they took on some of the AB employees and leased some AB aircraft to continue operating routes from Berlin Tegel. I presume they are scheduled routes.
 

Jerry

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That is very true; however the airline is profitable it's the tour operations that are not. That could make it more attractive to them.

easyJet have made it no secret they want to go into the tour operator business. Thomas cook have made it clear that they don't need nor want an airline anymore. If easy buy TC, TC gets what it wants - a airline business willing to operate flights for them which is de-risked. easyJet get what they want; more bums on seats, guaranteed seats and income on services (if the contract is written that way) and a tour operator in a fashion. It's a win win for them.

Jet2 would be in my eyes, the only other operator to takeover them. But with Jet2 having an all Boeing fleet i very much doubt that would happen.
That is true i did read that the EZY CEO wants to push Easyjet holidays more. Would be interesting to see if they kept bases like BHX and CWL open if that happened. I do think that Jet2 is large enough to absorb an A321 fleet but they might not want or need to as they seem to have the ability to expand naturally rather than through a takeover.
 

TheLocalYokel

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That is very true; however the airline is profitable it's the tour operations that are not. That could make it more attractive to them.

easyJet have made it no secret they want to go into the tour operator business. Thomas cook have made it clear that they don't need nor want an airline anymore. If easy buy TC, TC gets what it wants - a airline business willing to operate flights for them which is de-risked. easyJet get what they want; more bums on seats, guaranteed seats and income on services (if the contract is written that way) and a tour operator in a fashion. It's a win win for them.

Jet2 would be in my eyes, the only other operator to takeover them. But with Jet2 having an all Boeing fleet i very much doubt that would happen.
It would also be a way for a number of airports to get an easyJet presence, assuming that Thomas Cook was not operated as a separate airline.
 

Jerry

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That's what they did with Air Berlin, wasn't it? I think they took on some of the AB employees and leased some AB aircraft to continue operating routes from Berlin Tegel. I presume they are scheduled routes.
Yes Air Berlin essentially went bust and then they moved in to replace them rather than take them over. Taking on many of the staff and aircraft in the process.
 

Sherburnflyer92

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It would also be a way for a number of airports to get an easyJet presence, assuming that Thomas Cook was not operated as a separate airline.
It would actually be quite an easy integration (pardon the pun):

TC Base and EJ Base:
Belfast International
Bristol Airport
Glasgow Airport
London Gatwick Airport
London Stansted Airport
Manchester Airport
Newcastle Airport


TC Base/None EJ Base:
Birmingham Airport
Cardiff Airport
East Midlands Airport

No surprise that the Midlands has no easyJet base really. They'd likely close one if not both bases but i reckon they would move all ops to Birmingham especially if they were to have TC backing in terms of filling seats. Cardiff would more then likely close and all ops move over to Bristol.
 

Jerry

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Cardiff would more then likely close and all ops move over to Bristol.
Yes sadly for CWL that would be the most likeliest option unless they had a tie in with TCX holidays that specifically said they had to operate it.
 

TheLocalYokel

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Severn

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Hi Fly is a Portuguese company providing Wet Lease & Charter services. It also has a Maltese subsidiary - Hi Fly Malta.
Between them they have around 16x aircraft, of which most are wide-bodies (and all of them airbus).
This is their current fleet.
Hi Fly
A321-200 - x1
A330-200 - x2 - (and 1x to be delivered)
A330-900N - (1x to be delivered)
A340-300 - x3

Hi Fly Malta
A319-100 - x3
A330-300 - x1
A330-900N - x1
A340-300 - x4
A380-800 - x1

Given how well this company and others like it (Titan for example) seem to do, it doesn't surprise me that they would be interested in a large fleet of A321s and A330s, especially if the work for these aircraft continues!
 

Scottie Dog

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Whilst I agree about the possible use of the TCX aircraft that is as far as my enthusiasm for this bid goes.
 

TheLocalYokel

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jfy1999

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Some worrying signs

Industry urged to get behind Thomas Cook as speculation mounts

Thomas Cook's share value plummeted on Friday after Wall Street bank Citigroup said shares were worthless and advised investors to sell up.

It came after Thomas Cook reported a pre-tax loss of £1.46 billion over the winter, £1.15 billion more than the same period in 2018, pushing its net debt up to £1.25 billion. At the end of winter 2018, the group's debt stood at £886 million.


I'm guessing the airline would have to cease operations if no buyer is found and the company goes under?
 

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