Originally Posted by
763 jock
I have a totally polarised outlook to yours. If the view is that Thomas Cook is on the verge of bankruptcy (it is) then the CDS kicks in. The bondholders get what they want and they vote in favour of the recap on the 27th. Thomas Cook emerges from court on the 30th with a huge cash injection and new owners. Its debts are gone which is good news for trade creditors, suppliers, future bookings, ATOL licences etc. All the intelligent press articles see it along those lines.
The doomsday scenario is if they emerge from tomorrow without a payout and can't leverage enough from Fosun and the supporting banks before the 27th.
I’m with you.
If diffident is correct (and I don’t think he/she is) then why are they bothering. They are toast either way, they might as well pack up and go home now.
http://www.travelweekly.co.uk/articl...-deal-positive
Last edited by Jonty; 18th Sep 2019 at 13:34.
Reason: link added