Thomas Cook


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rollo

Platinum Member
Aug 26, 2014
1,030
133
Pity if the airline was viable. They should have ring fenced it from the downfall of their other businesses.
I think the airline was profitable because it relied to a large extent on the the amount of business it gained from the rest of the group and was not seen as a viable stand alone business when I belive Thomas Cook tried to sell it off and or separate it from the group.
 

andrew.clarkson

Active Member
Apr 18, 2013
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Hi there all, just read an article in the independent news from transport secretary Mr Grant Shapps, that if another airline or travel company were to experience the same again, then the government would step in on temporary measures for stability, till another buyer found, yet funny, but when Monarch collapsed, the government didn't step in, but allowed it to go under, just like Thomas Cook, so why does another airline have to go under, before any help maybe offered.
 

Jerry

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Jun 1, 2016
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Hi there all, just read an article in the independent news from transport secretary Mr Grant Shapps, that if another airline or travel company were to experience the same again, then the government would step in on temporary measures for stability, till another buyer found, yet funny, but when Monarch collapsed, the government didn't step in, but allowed it to go under, just like Thomas Cook, so why does another airline have to go under, before any help maybe offered.
Because it's estimated that the Thomas Cook collapse will cost the government £1 billion and if you look at the airlines left many are a lot bigger than them so if they did go bust it could cost them a lot more!
 

Ianbutty

Platinum Member
Feb 29, 2016
1,072
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Essex
Hi there all, just read an article in the independent news from transport secretary Mr Grant Shapps, that if another airline or travel company were to experience the same again, then the government would step in on temporary measures for stability, till another buyer found, yet funny, but when Monarch collapsed, the government didn't step in, but allowed it to go under, just like Thomas Cook, so why does another airline have to go under, before any help maybe offered.
They would bail out BA.

Better to dig out the interview on Radio 4 with the former MD of Thomas Cook to get to the bottom of what went wrong than the Secretary of State. Shame as the core business was strong, but they screwed how they wrote down their debt.
 

TheLocalYokel

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Jan 14, 2009
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Wurzel Country
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Yes
Extremely simple yet so poignant. I only flew with Thomas Cook on one return trip - to Fuerteventura. I did use MyTravel Airways and Airworld a few times, both of which found their way by various routes into the Thomas Cook stable.

Let's hope that many of the staff find positions with other airlines and travel companies.
 

smithy108

Premium Member
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Sep 3, 2016
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This could appear on EasyJet and Jet2 thread but put it here for now. Jet2 bought additional slots at BHX although dont have any detail

Thomas Cook airport slots bought by EasyJet and Jet2

EasyJet plane

EasyJet and Jet2.com have bought all of the take-off and landing slots owned by collapsed travel firm Thomas Cook in UK airports.
The slots at London Gatwick and Bristol were bought by EasyJet for £36m, the government's liquidation service said.
Jet2.com has bought slots at Manchester, Birmingham and Stansted airports for an undisclosed amount.
Thomas Cook's UK business and airline entered insolvency in September, when a court appointed an official receiver.
EasyJet bought 12 summer take-off and landing slots, called pairs, at Gatwick and eight winter slot pairs.
It also bought six summer slot pairs and one winter slot pair at Bristol.
The slots will expand the airline's presence at each airport.

Last month, the receiver sold all 555 Thomas Cook retail outlets to Hays Travel, saving up to 2,500 jobs.
The independent travel agent said the move gave it shops in areas where it had little or no presence, including Scotland and Wales.
Thomas Cook's Condor airline in Germany was rescued with the help of a loan from the German government.
Its Nordic business was bought last month by Norwegian billionaire Petter Stordalen and private equity firms Altor and TDR Capital.
Stordalen's Strawberry group and Altor took a 40% stake, with TDR Capital buying the remaining 20%.
The deal for Thomas Cook Northern Europe saved 2,300 jobs.
 
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