Originally Posted by
crewmeal
Am I missing something here. If the govt bailed out TC for the tune of £200m that would save taxpayers the estimated £600m on the CAA repat flights. Total saving £400m.
Yes, Thomas Cook actually requires £1.3billion in total. So the £200m is only to keep the company trading in the short-term (the bank's demand) whilst trying to raise the other £1.1billion which is by no means guaranteed. So it could be that by October 1st, the £600m CAA repat & refund costs would still be there, but another £200m chucked down the drain in the process.