Originally Posted by
Officer Kite
Perhaps a stupid question, but are thomas cook germany/condor to go bankrupt if thomas cook uk do or are they operated as 2 companies entirely separate from one another?
All the companies will be set up with different Legal status in their operating countries. The overall Holding company is Thomas Cook PLC or whatever name it goes under.
Each of the subsidaries will trade separately hence why a pilot going from Thomas Cook UK Ltd would transfer to Thomas Cook GMBH if going to Germany etc, names will not be correct but you get the idea.
When PLC / Holding company enters administration the court appointed people will seek to sell off whatever is trading as quickly as possibly with as little as disruption as possible (same with every administration). Simple reason for this is they need to be paid as well.
Anything that is unprofitable or has huge future liabilities will just be closed down quickly and everything disposed of quickly i.e. Landing slots, aircraft.