I cant see this happening, for a number of reasons. First off the long term agreement with CJ has with AT (conflict of interest?). Secondly by contracting out flying to CJ and 5G it gives them flexibility to grow and shrink their fleet requirements based on demand and economy having their own airline would involve more risk I would think and im not sure tour operators want more risk. Thirdly Thomas Cook is very present in the Canadian market as Sunquest/Alba why change that?
Would be nice to see but I don't see it happening well at least the purchasing of CJ and 5G. Why those 2? Why not purchase one? Either one would suffice I would think.