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Thomas Cook-2

Old 23rd Sep 2019, 22:06
  #1381 (permalink)  
 
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Will OY-VKF be leaving JFK in the foreseeable? It seems to be TCX Scandinavia, who are still trading according to another post, so will this be a case of the aircraft not being impounded?
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Old 23rd Sep 2019, 22:11
  #1382 (permalink)  
 
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Originally Posted by DDDriver View Post


Possibly. Seems like a highly dynamic situation, perhaps an airframe on the right side of the pond has become available to do this run? Divert to Shannon/Dublin, wait to be reassigned elsewhere.

Or obviously something as mundane as a technical issue.
Did a couple of big circuits out in the Atlantic before turning back on reciprocal. So my money's on Tech and into Shannon.
Stuff happens!
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Old 23rd Sep 2019, 22:18
  #1383 (permalink)  
 
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Originally Posted by sixchannel View Post
Did a couple of big circuits out in the Atlantic before turning back on reciprocal. So my money's on Tech and into Shannon.
Stuff happens!
Coming into Shannon now.
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Old 23rd Sep 2019, 22:30
  #1384 (permalink)  
 
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Originally Posted by JonnyH View Post
Will OY-VKF be leaving JFK in the foreseeable? It seems to be TCX Scandinavia, who are still trading according to another post, so will this be a case of the aircraft not being impounded?
scandinavian arm didn’t fly today whilst talks were held in the background... as far as my crew friends have been told they will be back in the air tomorrow !
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Old 23rd Sep 2019, 22:48
  #1385 (permalink)  
 
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What of the future?
1. There is a cohort of Airbus-trained crew looking for new employers.
2. There are a number of Airbus a/c looking for new owners or operators.
3. There are well over a million people who want to go on holiday to the destinations that were served by TC.
4 Their competitors in the UK market fly Boeing and there aren't spare Boeings on the market at least until the Max is allowed to fly.

To me the only obvious provider of replacement holidays is the relaunched easyJet holidays, but only of course for the short haul market, in which (with the rise of Jet2) they were an increasingly minor player. And that would maintain competition in this market.

But I can't see who is going to offer any compensation to TUI in the longhaul business.
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Old 23rd Sep 2019, 23:04
  #1386 (permalink)  
 
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Originally Posted by inOban View Post
What of the future?
1. There is a cohort of Airbus-trained crew looking for new employers.
2. There are a number of Airbus a/c looking for new owners or operators.
3. There are well over a million people who want to go on holiday to the destinations that were served by TC.
4 Their competitors in the UK market fly Boeing and there aren't spare Boeings on the market at least until the Max is allowed to fly.

To me the only obvious provider of replacement holidays is the relaunched easyJet holidays, but only of course for the short haul market, in which (with the rise of Jet2) they were an increasingly minor player. And that would maintain competition in this market.

But I can't see who is going to offer any compensation to TUI in the longhaul business.
While there’s no arguing that EasyJet Holidays will be good for competition, I don’t think they will trump Jet2Holidays, they are increasingly expanding (every other bloody TV ad is Jet2), they seem to be making profit and remain financially stable. They must have a crystal ball which can predict the future in the occ seeing as their disruption is always an absolute minimum.
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Old 23rd Sep 2019, 23:07
  #1387 (permalink)  
 
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Originally Posted by garry8g View Post


Both GL & GM are contracted to Jet2 for longer than October 19. One is currently till Nov 2022 and the other is until Nov 2025.
GM is staying for the winter, it was always the case that GL would be going back to Tanker this winter, this is what operations and engineering at Brize tell me anyway.
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Old 23rd Sep 2019, 23:17
  #1388 (permalink)  
 
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Originally Posted by nowhereasfiled View Post


While there’s no arguing that EasyJet Holidays will be good for competition, I don’t think they will trump Jet2Holidays, they are increasingly expanding (every other bloody TV ad is Jet2), they seem to be making profit and remain financially stable. They must have a crystal ball which can predict the future in the occ seeing as their disruption is always an absolute minimum.
I wonder if Jet2 might be interested in the ten or so LGW morning slots/overnight stands that have become available? It would admittedly be a big ask to cobble together enough aircraft to operate them but they use Titan at STN so it’s surely doable with some subbed-in Smartlynx etc having lost the TC work.
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Old 23rd Sep 2019, 23:22
  #1389 (permalink)  
 
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Originally Posted by inOban View Post
What of the future?
1. There is a cohort of Airbus-trained crew looking for new employers.
2. There are a number of Airbus a/c looking for new owners or operators.
3. There are well over a million people who want to go on holiday to the destinations that were served by TC.
4 Their competitors in the UK market fly Boeing and there aren't spare Boeings on the market at least until the Max is allowed to fly.

To me the only obvious provider of replacement holidays is the relaunched easyJet holidays, but only of course for the short haul market, in which (with the rise of Jet2) they were an increasingly minor player. And that would maintain competition in this market.

But I can't see who is going to offer any compensation to TUI in the longhaul business.
You would assume someone will fill the void as there is a lot of capacity lost by this ahead of Summer 2020, be it a relaunch from assets of Thomas Cook by a willing bidder? EasyJet fancying a go at the success Jet2 have had, maybe Jet2 expanding south finally and looking at LGW.

A new airline possibly linked to another travel company or maybe something unexpected like Virgin having a proper look at European holidays adding in with their expansion plans and domestic entry.

Hopefully whatever happens a need to fill the gap left by this will see plenty of opportunities for the staff of TCX to find swift employment and the often forgotten hoteliers in resorts who have also lost their main supplier of holidaymakers can recover that loss too.
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Old 24th Sep 2019, 05:16
  #1390 (permalink)  
 
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The Guardian has an article on how the CAA has learned from the collapses of XL and Monarch,

Also this...

It also risked precipitating the very thing the CAA hoped to avoid: a collapse in consumer and investor confidence in the airline. In a world of flight-tracking website and social media, hopes for complete secrecy were faint once Matterhorn had kicked in.

“We monitor those sites,” said a CAA spokesman. “And on Friday afternoon I could already see a rumour forum talking about unusual flights in Malaysia, and someone said, [it] must be the CAA.”
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Old 24th Sep 2019, 08:23
  #1391 (permalink)  
 
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Originally Posted by pholling View Post


The simple answer is no. Once TC entered liquidation their Operating License and AOC were immediately suspended or revoked. This mean there is no legal basis for the aircraft to operate. Moving aircraft onto another airlines AOC is not instantaneous and all crew would have to be trained on the different operations.
There should be an option for the CAA or an appointed organisation to temporarily operate the failed airline's aircraft (under a special temporary AOC) to bring people home rather than the vast expense and disruption to timings and airport destinations that we have seen with the charter operation. It just needs will and some thought.
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Old 24th Sep 2019, 08:39
  #1392 (permalink)  
 
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Originally Posted by Blackfriar View Post
There should be an option for the CAA or an appointed organisation to temporarily operate the failed airline's aircraft (under a special temporary AOC) to bring people home rather than the vast expense and disruption to timings and airport destinations that we have seen with the charter operation. It just needs will and some thought.
+1 on that!
I was wondering why it doesnt happen like that.
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Old 24th Sep 2019, 08:41
  #1393 (permalink)  
 
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Originally Posted by AirportPlanner1 View Post


I wonder if Jet2 might be interested in the ten or so LGW morning slots/overnight stands that have become available? It would admittedly be a big ask to cobble together enough aircraft to operate them but they use Titan at STN so it’s surely doable with some subbed-in Smartlynx etc having lost the TC work.
I doubt it, while the initial offering may be tempting, theres very limited scope to grow the base at LGW once established, unlike STN where there's able to carry on growing.

It has been said in the past, no bases are being launched in the short/medium term, as there is plenty still to do at current bases
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Old 24th Sep 2019, 08:50
  #1394 (permalink)  
 
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Road show info

Hi TCX guys and gals.
I cannot access your closed forum, however, here are the details of an EK (Emirates) Roadshow being held in Manchester on Weds this week.

Manchester: Radisson Blu Hotel Manchester Airport, Chicago Ave, Manchester M90 3RA, UK



25th September2019

10:00am

14:00pm



26th September 2019

10:00am

Best of luck to you all at this shitty time.

Alwayz

PS there will be a LGW Roadshow next month too.
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Old 24th Sep 2019, 09:46
  #1395 (permalink)  
 
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Originally Posted by Plane.Silly View Post
I doubt it, while the initial offering may be tempting, theres very limited scope to grow the base at LGW once established, unlike STN where there's able to carry on growing.

It has been said in the past, no bases are being launched in the short/medium term, as there is plenty still to do at current bases
Agreed. They would have been all over those Monarch slots if they’d wanted to launch Gatwick.

The MT slots will more than likely go to EZY or BA.
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Old 24th Sep 2019, 10:01
  #1396 (permalink)  
 
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Originally Posted by inOban View Post
But I can't see who is going to offer any compensation to TUI in the longhaul business.
Virgin Holidays comes to mind, particularly the US & Caribbean markets where they competed with Thomas Cook. They could even revive the Travel City Direct brand for the lower end of the market - I remember people opting for Thomas Cook over Virgin Holidays/VS due to price.
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Old 24th Sep 2019, 10:06
  #1397 (permalink)  
 
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I can't think why Virgin would wish to create a brand to cater for the lower end if the market.
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Old 24th Sep 2019, 11:15
  #1398 (permalink)  
 
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Originally Posted by Blackfriar View Post
There should be an option for the CAA or an appointed organisation to temporarily operate the failed airline's aircraft (under a special temporary AOC) to bring people home rather than the vast expense and disruption to timings and airport destinations that we have seen with the charter operation. It just needs will and some thought.
-1 on that !

sorry but its a safety issue. Been in that situation myself! Or do you think you should as Smartwings continue flying 2h30 with one engine shutdown? Will the CAA cover if something happens?
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Old 24th Sep 2019, 11:25
  #1399 (permalink)  
 
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Originally Posted by gnarlberg View Post
never forget that those people lost their job ! There is a PSYCHOLOGICAL reason CAA grounds the AOC. Just think of 58 Year old Captain who knows he might not get a new job. With this pressure he shouldn't operate an A/C
Correct.

I would not want to be flown by a pilot under psycological pressure knowing he is being made redundant soon as plane lands. In addition what is to stop cabin crew from taking whatever they can from the plane on landing including the cash. This is not any different from what happens to any company that is in liquidation.
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Old 24th Sep 2019, 11:36
  #1400 (permalink)  
 
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Originally Posted by newfoundglory View Post
What has shocked me is some of the news articles i have read today, including claims that Thomas Cook had to sell 3 million holidays per year just to service the interest on its £1.7bn debts. I have no idea whether that is true or not. And of course not forgetting the 500+ high street shops.

I know nothing about running a business, but this seemed like an impossible problem.
Probably not unrealistic to be fair.

There are a lot of companies out there with mega debt and they are just able to pay the interest to keep going. Often referred to as "The Walking Dead" because they will ultimately go bust in all probability, it is just when.

The fact that interest rates have been at record lows for 10 plus years have helped BUT when you get to a stage of desperately needing to borrow because debt is too high then you will be paying 15-20% interest on the debt at a minimum.

Not the fault of the employees or even the board as they will be 3rd or 4th board since original debt was taken on.

It is not a nice thing to say but it will be said and that is, The end of TC will help the survival of quite a few other companies because capacity will be taken out of the market and prices will go up.
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