Originally Posted by
ASRAAMTOO
When Air Berlin went down the tubes the German Government put in enough money to allow a controlled run down. I believe they thought this the cheapest way to proceed. Looking at the figures above bailing out Thomas Cook long term was not a sensible option.
It WOULD however be sensible to put in enough money to allow its fleet to operate whilst holiday makers and ticket holders are repatriated. It would be cheaper and easier than chartering every spare jet in Europe!
It would, but under UK insolvency law the company cannot continue to operate its assets.