NAS lease all of the aircraft and have an astonishing amount of debt , Monarch with there new Boeings have bought them cash in hand and will be leasing them back (have no idea how this works) which releases huge amounts of cash , it's what Ryanair do .
Supposedly they will be starting LH in around 2 years as well
Thomas Cook will inevitably go through a Ts & Cs mill very soon , heard that the main company are not really interested in the airline itself