Thomas Cook
Join Date: May 2011
Location: Derby/EMA
Posts: 164
Likes: 0
Received 0 Likes
on
0 Posts
Im afraid Brakes Hot your talking complete rubbish, the 767,s are without doubt all going very soon, they do not fit it at all with the future flying programme and there costing TCX a arm and a leg to operate and maintain, which is why the plan is to keep only the far more effcient narrow body airbuses.
Join Date: Mar 2005
Location: UK
Posts: 255
Likes: 0
Received 0 Likes
on
0 Posts
Can a A321 make BJL with a full load? If not what are Cooks likely to use for BJL as it forms a large part of their winter program from LGW & MAN as well as a weekly flight ex BHX?
Join Date: May 2011
Location: Derby/EMA
Posts: 164
Likes: 0
Received 0 Likes
on
0 Posts
Its amazing how people seem to think the group is somehow going to stagger on in its current form with geriatric fuel guzzling 767,s flying people long haul,... its over , The form TCX will take in the near future is radically different from what it is today thank god and ,it will be a far leaner and far more profitable concern because of the radical reforming thats happening.
Join Date: Mar 2006
Location: Up North
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
So you know when the leases are up ? You know one is having new seats fitted as we speak ? You know the fairly large number of airbus to Boeing convertions that will be taking place soon ? Please share your vast knowledge of all things TCX !
I'd also check your fuel claims !
I'd also check your fuel claims !
Join Date: Nov 2004
Location: scotland
Posts: 760
Likes: 0
Received 0 Likes
on
0 Posts
Are the 767's not owned by Thomas Cook ? If so does that not make them a valuable asset i.e no lease costs, they could be parked up, or even parted out at a profit.
I've also checked the year built two were 1994 and the other 1997 are the ages really an issue !
I've also checked the year built two were 1994 and the other 1997 are the ages really an issue !
Join Date: May 2011
Location: Derby/EMA
Posts: 164
Likes: 0
Received 0 Likes
on
0 Posts
Goldeneye, sadly as aircraft age then costs rocket, aside from the fuel burn issue with those geriatric old CF6,S there are a number of big mandatory SB,s that are due to be embodied one of these is a complex rework of the pylon mountings thats going to cost a hell of a lot of money, one of the many reasons there going, maintenance costs are a real issue
PS SFCC, i wouldnt read too much into user names if i were you, yours may be SFCC but i very much doubt if you live downstairs in a avionics rack somehow
PS SFCC, i wouldnt read too much into user names if i were you, yours may be SFCC but i very much doubt if you live downstairs in a avionics rack somehow
Last edited by Topspotter; 12th Dec 2011 at 21:10.
Join Date: May 2011
Location: Derby/EMA
Posts: 164
Likes: 0
Received 0 Likes
on
0 Posts
Very true i did , BTW is it true TCX are looking at MAEL to carry out a lot more maintenance for them in the future due to the fact monarch are around 20% cheaper than TCX engineering ? i believe your already signed up to do some A330 C checks for us
Join Date: May 2011
Location: Derby/EMA
Posts: 164
Likes: 0
Received 0 Likes
on
0 Posts
Even when the 330/767 are gone we are still going to have a sizable fleet that will need to be maintained, and big savings can be made by looking at all the options, if Monarch for example can perform the work for 20 per cent less then thats a heck of a saving.
However the question has to asked how can Monarch for eg manage to undercut us by such a margin??, There after all a UK based company paying their staff similiar wage rates with similiar overheads, I suspect its just another eg of how we have taken our eye of the ball and allowed costs to escalate in a uncontrolled manner throughout the group.
However the question has to asked how can Monarch for eg manage to undercut us by such a margin??, There after all a UK based company paying their staff similiar wage rates with similiar overheads, I suspect its just another eg of how we have taken our eye of the ball and allowed costs to escalate in a uncontrolled manner throughout the group.
Join Date: Jul 2006
Location: STANSTED & MANCHESTER
Posts: 1,893
Likes: 0
Received 0 Likes
on
0 Posts
Thomas Cook Group plc (Thomas Cook) is pleased to announce today that it has reached agreement to sell its interest in Hoteles Y Clubs De Vacaciones S.A. (HCV) to IBEROSTAR Hoteles y Apartamentos S.L. (IBS), the hotel division of Grupo IBEROSTAR. HCV is a holding company that, together with another shareholder, indirectly owns five Spanish hotels and one golf club as well as operating a second golf club in Spain.
The sale of HCV is part of Thomas Cook's disposal programme announced earlier this year, which has targeted selling up to £200 million of non-core assets over a six to eighteen month period. Thomas Cook will continue to benefit from access to HCV's hotel portfolio through a separate commercial arrangement that has been agreed with IBS.
Under the terms agreed with IBS, Thomas Cook will receive cash proceeds of €72.2 million from the transaction. HCV is being sold with net debt of €22.4 million, so the transaction will reduce Thomas Cook's net debt by €94.6 million, which equates to approximately £81 million at current exchange rates. The proceeds of the sale of HCV will be used to reduce Thomas Cook's borrowings and/or for general corporate purposes.
Completion is conditional upon shareholder approval. A circular will be sent to shareholders in due course containing further details of the sale and a notice convening a meeting of shareholders. The transaction is expected to complete during the first quarter of 2012.
Sam Weihagen, Group Chief Executive, Thomas Cook Group plc said:
"I am delighted that we have been able to agree this transaction which will significantly reduce Thomas Cook's net debt and demonstrate our ongoing commitment to strengthen the balance sheet. Importantly for our customers, we have been able to maintain access to this popular portfolio of hotels through a commercial arrangement with our partner Grupo IBEROSTAR."
The sale of HCV is part of Thomas Cook's disposal programme announced earlier this year, which has targeted selling up to £200 million of non-core assets over a six to eighteen month period. Thomas Cook will continue to benefit from access to HCV's hotel portfolio through a separate commercial arrangement that has been agreed with IBS.
Under the terms agreed with IBS, Thomas Cook will receive cash proceeds of €72.2 million from the transaction. HCV is being sold with net debt of €22.4 million, so the transaction will reduce Thomas Cook's net debt by €94.6 million, which equates to approximately £81 million at current exchange rates. The proceeds of the sale of HCV will be used to reduce Thomas Cook's borrowings and/or for general corporate purposes.
Completion is conditional upon shareholder approval. A circular will be sent to shareholders in due course containing further details of the sale and a notice convening a meeting of shareholders. The transaction is expected to complete during the first quarter of 2012.
Sam Weihagen, Group Chief Executive, Thomas Cook Group plc said:
"I am delighted that we have been able to agree this transaction which will significantly reduce Thomas Cook's net debt and demonstrate our ongoing commitment to strengthen the balance sheet. Importantly for our customers, we have been able to maintain access to this popular portfolio of hotels through a commercial arrangement with our partner Grupo IBEROSTAR."
Thread Starter
Join Date: Aug 2000
Location: EGGW
Posts: 2,112
Likes: 0
Received 0 Likes
on
0 Posts
Topspotter
One reason for the cost difference between TCX Eng and MAEL, might be that a fair number of MAEL Mechs & Techs walked to TCX at the beginning, this was because they were offering a lot more money to work for.
I have a question for you, have TCX ever carried out a "C" check on a A330 in house?
I have a question for you, have TCX ever carried out a "C" check on a A330 in house?
Join Date: May 2011
Location: IOM
Posts: 967
Likes: 0
Received 0 Likes
on
0 Posts
Wel here it is, BBC News and Daybreak have both been hammering TCX this morning!
BBC News - Thomas Cook reports £398m annual loss
BBC News - Thomas Cook reports £398m annual loss
Join Date: Nov 1998
Posts: 257
Likes: 0
Received 0 Likes
on
0 Posts
and their standing as an airline...............
Thomas Cook 'The Worst Short-Haul Carrier', Consumer Watchdog Says
Thomas Cook 'The Worst Short-Haul Carrier', Consumer Watchdog Says
