Thomas Cook-2
A company going into Administration in UK ceases to trade immediately. The law is however different in pretty much all other countries and will depend on the specific laws that are applicable.
In the case of the 2 German companies it appears one (that aware of|) has cash in the bank, is profitable and will continue to trade. The Administrators will want that to continue because there is value that can be obtained by selling a part of the business that is profitable.
In the case of some companies just before the company goes bust they will seek to have ALL cash transferred to the parent company from the subsidaries before this happens. A subsidary that is clever enough will refuse to do it and wait it out as the parent goes bust and new bosses (i.e administrators) take over.
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Quick question. My folks are currently in HRG and due to fly back on Saturday. As I understand it the route needed a sharkleted A321 for TCX to operate it.
Can HRG take widebodies? I've tried googling to no avail and all scheduled ops are narrow body so I'm trying to plan in advance if they will need to book themselves.
As I understand it a standard A321 couldn't do the journey in a dense config so a titan operated Avion frame wouldn't do the flight similarly any 738 used for repatriation also couldn't do the flight non stop. I'm aware titan have 757's that could do the journey but as I understand it they are tied up with other work currently.
Sorry for the many questions, i'm just trying to provide them with as much comfort as possible and with the specks of knowledge I have regarding the HRG and the airlines/aircraft being used for repatriation I've got as far as this.
Any help would be appreciated.
Can HRG take widebodies? I've tried googling to no avail and all scheduled ops are narrow body so I'm trying to plan in advance if they will need to book themselves.
As I understand it a standard A321 couldn't do the journey in a dense config so a titan operated Avion frame wouldn't do the flight similarly any 738 used for repatriation also couldn't do the flight non stop. I'm aware titan have 757's that could do the journey but as I understand it they are tied up with other work currently.
Sorry for the many questions, i'm just trying to provide them with as much comfort as possible and with the specks of knowledge I have regarding the HRG and the airlines/aircraft being used for repatriation I've got as far as this.
Any help would be appreciated.
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Unfortunately it's way too early to say but I'm sure the CAA programme caters for the right airframe for the job. But with that said if you check the CAA schedule for today/tomorrow flying back to varying UK airports there are a few airlines listed for ops from HRG (Titan, Nile Air, Hi Fly, Euro Atlantic) so it could really be any of these. Best thing to to is keep an eye on the website: https://thomascook.caa.co.uk/custome.../hurghada-hrg/
Alternatively and again from what I know less likely if a standard A321/738 can make it return then again I can confidently say they will have a return flight.
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That's all I am doing at the minute. If I can find out HRG can take wide bodies then I can confidently tell them they will get repatriated.
Alternatively and again from what I know less likely if a standard A321/738 can make it return then again I can confidently say they will have a return flight.
Alternatively and again from what I know less likely if a standard A321/738 can make it return then again I can confidently say they will have a return flight.
Condor has asked the german federal government for some urgent 200 million Euro loan to bridge operations today. It’s claimed to be far from being authorized.
While still flying as scheduled Condor cannot carry any TC group’s package customers outbound anymore as TC is unable to provide services at foreign destinations.
While still flying as scheduled Condor cannot carry any TC group’s package customers outbound anymore as TC is unable to provide services at foreign destinations.
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racedo,
"Response is correct without any further information.
A company going into Administration in UK ceases to trade immediately. The law is however different in pretty much all other countries..."
There is a difference between going into Administration and going into Liquidation.
My understanding is that TC has gone into liquidation.
"Response is correct without any further information.
A company going into Administration in UK ceases to trade immediately. The law is however different in pretty much all other countries..."
There is a difference between going into Administration and going into Liquidation.
My understanding is that TC has gone into liquidation.
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That's all I am doing at the minute. If I can find out HRG can take wide bodies then I can confidently tell them they will get repatriated.
Alternatively and again from what I know less likely if a standard A321/738 can make it return then again I can confidently say they will have a return flight.
Alternatively and again from what I know less likely if a standard A321/738 can make it return then again I can confidently say they will have a return flight.
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racedo,
"Response is correct without any further information.
A company going into Administration in UK ceases to trade immediately. The law is however different in pretty much all other countries..."
There is a difference between going into Administration and going into Liquidation.
My understanding is that TC has gone into liquidation.
"Response is correct without any further information.
A company going into Administration in UK ceases to trade immediately. The law is however different in pretty much all other countries..."
There is a difference between going into Administration and going into Liquidation.
My understanding is that TC has gone into liquidation.
A company which enters administration in the UK does not “cease trading immediately”. It may be the case that the affected company will cease trading prior to or following the commencement of administration. However, the purpose of administration is generally to rescue an insolvent entity by restructuring and selling off the company or parts of it, in the hope of re-establishing solvency in order to satisfy creditors. Often, where administration efforts fail, the company will immediately fall into liquidation thereafter.
Thomas Cook has gone into compulsory liquidation, the purpose of which is to wind up the company. The liquidator will sell off the assets and the funds generated will be brought into the liquidation to pay creditors and the liquidator’s fees. Sometimes, especially in the case of large public companies, the liquidator will trade the insolvent company for a certain period of time in order to wind it up in a more orderly fashion or to sell off remaining stock (e.g. retail stores). However, in the UK, my understanding is that, upon any airline entering insolvency procedures, the CAA revoke their operator certificate, meaning the aircraft are effectively grounded.
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I was about to say the same thing.
A company which enters administration in the UK does not “cease trading immediately”. It may be the case that the affected company will cease trading prior to or following the commencement of administration. However, the purpose of administration is generally to rescue an insolvent entity by restructuring and selling off the company or parts of it, in the hope of re-establishing solvency in order to satisfy creditors. Often, where administration efforts fail, the company will immediately fall into liquidation thereafter.
Thomas Cook has gone into compulsory liquidation, the purpose of which is to wind up the company. The liquidator will sell off the assets and the funds generated will be brought into the liquidation to pay creditors and the liquidator’s fees. Sometimes, especially in the case of large public companies, the liquidator will trade the insolvent company for a certain period of time in order to wind it up in a more orderly fashion or to sell off remaining stock (e.g. retail stores). However, in the UK, my understanding is that, upon any airline entering insolvency procedures, the CAA revoke their operator certificate, meaning the aircraft are effectively grounded.
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Quick question. My folks are currently in HRG and due to fly back on Saturday. As I understand it the route needed a sharkleted A321 for TCX to operate it.
Can HRG take widebodies? I've tried googling to no avail and all scheduled ops are narrow body so I'm trying to plan in advance if they will need to book themselves.
As I understand it a standard A321 couldn't do the journey in a dense config so a titan operated Avion frame wouldn't do the flight similarly any 738 used for repatriation also couldn't do the flight non stop. I'm aware titan have 757's that could do the journey but as I understand it they are tied up with other work currently.
Sorry for the many questions, i'm just trying to provide them with as much comfort as possible and with the specks of knowledge I have regarding the HRG and the airlines/aircraft being used for repatriation I've got as far as this.
Any help would be appreciated.
Can HRG take widebodies? I've tried googling to no avail and all scheduled ops are narrow body so I'm trying to plan in advance if they will need to book themselves.
As I understand it a standard A321 couldn't do the journey in a dense config so a titan operated Avion frame wouldn't do the flight similarly any 738 used for repatriation also couldn't do the flight non stop. I'm aware titan have 757's that could do the journey but as I understand it they are tied up with other work currently.
Sorry for the many questions, i'm just trying to provide them with as much comfort as possible and with the specks of knowledge I have regarding the HRG and the airlines/aircraft being used for repatriation I've got as far as this.
Any help would be appreciated.
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Response is correct without any futher information.
In the case of the 2 German companies it appears one (that aware of|) has cash in the bank, is profitable and will continue to trade. The Administrators will want that to continue because there is value that can be obtained by selling a part of the business that is profitable.
In the case of some companies just before the company goes bust they will seek to have ALL cash transferred to the parent company from the subsidaries before this happens. A subsidary that is clever enough will refuse to do it and wait it out as the parent goes bust and new bosses (i.e administrators) take over.
In the case of the 2 German companies it appears one (that aware of|) has cash in the bank, is profitable and will continue to trade. The Administrators will want that to continue because there is value that can be obtained by selling a part of the business that is profitable.
In the case of some companies just before the company goes bust they will seek to have ALL cash transferred to the parent company from the subsidaries before this happens. A subsidary that is clever enough will refuse to do it and wait it out as the parent goes bust and new bosses (i.e administrators) take over.
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Their annual accounts for last year show around £170 million
http://publicapps.caa.co.uk/docs/33/...ounts_2018.pdf
http://publicapps.caa.co.uk/docs/33/...ounts_2018.pdf
