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Thomas Cook-2

Old 27th Sep 2019, 15:10
  #1441 (permalink)  
 
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I read somewhere that the government were footing the bill for getting Thomas Cook customers back home. However I am aware that when bookings were made and a ATOL certificate was issued, there was a small charge made for this. Where did that money go, does anybody know?
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Old 27th Sep 2019, 16:20
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Originally Posted by oldart View Post
I read somewhere that the government were footing the bill for getting Thomas Cook customers back home. However I am aware that when bookings were made and a ATOL certificate was issued, there was a small charge made for this. Where did that money go, does anybody know?

Funding and administration

ATOL is run by the UK Civil Aviation Authority (CAA). It is able to provide assistance by requiring ATOL holders to pay a fee of 2.50 for each traveller, which is held in a fund managed by the Air Travel Trust. This fund is used to refund, repatriate or reimburse travellers for the cost of repaying for the affected parts of their trip.

This money creates a fund that will support consumers to minimise disruption to their holiday or, if they are no longer able to travel, provide a full refund for the holiday.


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Old 28th Sep 2019, 09:33
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Grahamy, thank you for your reply. There are all kinds of cost's being given to repatriate travellers, then there is the unknown cost of refunds. Would there be sufficient money in the ATOL pot to cover all of this or would indeed the government have to dig in to tax payers pockets?
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Old 28th Sep 2019, 11:51
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G-TCDA on its way out of Gatwick, destination N/A but I recall someone mentioning Montpellier.
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Old 28th Sep 2019, 17:42
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Originally Posted by oldart View Post
Grahamy, thank you for your reply. There are all kinds of cost's being given to repatriate travellers, then there is the unknown cost of refunds. Would there be sufficient money in the ATOL pot to cover all of this or would indeed the government have to dig in to tax payers pockets?
I believe I read something about the government needing to loan ATOL c. 400 million. If true then presumably there's a distinct possibility that the rate per passenger may go up to repay this along with flight only international travellers also having to be paid for since that's now twice that flight only passengers have been repatriated.
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Old 28th Sep 2019, 17:52
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Originally Posted by SamYeager View Post
I believe I read something about the government needing to loan ATOL c. 400 million. If true then presumably there's a distinct possibility that the rate per passenger may go up to repay this along with flight only international travellers also having to be paid for since that's now twice that flight only passengers have been repatriated.
Numbers seem a bit high. Hiring in aircraft to bring people home will be expensive but wondering how cost could be so much. At this stage half or more of those due to be transported home likely to be here or on their way.

It is possible that the borrowing is for cash flow purposes as doubt ATOL would have 400 million just sitting in bank doing nothing.
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Old 28th Sep 2019, 20:04
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Avion Express
One would imagine Avion Express will feel the effect of the Thomas Cook collapse in view of the A320s & A321s which are in TCX colours and have been flying for them for a while.
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Old 28th Sep 2019, 20:22
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Originally Posted by racedo View Post
Numbers seem a bit high. Hiring in aircraft to bring people home will be expensive but wondering how cost could be so much. At this stage half or more of those due to be transported home likely to be here or on their way.

It is possible that the borrowing is for cash flow purposes as doubt ATOL would have 400 million just sitting in bank doing nothing.
The figure also covers repayment of customers for future booked holidays under ATOL protection. So that quickly mounts up.
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Old 28th Sep 2019, 20:38
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Likely they will do very well from the failure of MT....
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Old 28th Sep 2019, 20:40
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Originally Posted by Gurnard View Post
Avion Express
One would imagine Avion Express will feel the effect of the Thomas Cook collapse in view of the A320s & A321s which are in TCX colours and have been flying for them for a while.
Likely be in demand again next summer picking up the slack for other airlines.
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Old 28th Sep 2019, 21:55
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There has been no mention as yet (As far as I can recall) on the effect this will have on Air Transat with the cessation of the winter A321 lease arrangement.
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Old 28th Sep 2019, 22:08
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Smartlynx distancing theirself from Thomas Cook
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Old 28th Sep 2019, 22:29
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Originally Posted by LiamNCL View Post


Smartlynx distancing theirself from Thomas Cook
Smartlynx and Avion will be operating for Jet2 over the winter, I believe
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Old 29th Sep 2019, 17:20
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Originally Posted by Dct_Mopas View Post
The figure also covers repayment of customers for future booked holidays under ATOL protection. So that quickly mounts up.
That maybe the case but 500 million is reputed to be in ATOL fund so that will be used. What is collected isn't likely to be just sitting in a bank BUT this has been collected over a number of years and should be used for its purpose.

No doubt there will be a sneaky attempt to increase this tax but if it does what it says and pays out every couple of years then no reason to tax people more.
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Old 29th Sep 2019, 20:19
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Originally Posted by 750XL View Post
Smartlynx and Avion will be operating for Jet2 over the winter, I believe
What is the source? Where is the information come from?
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Old 29th Sep 2019, 20:24
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Originally Posted by LBAflyer22 View Post
What is the source? Where is the information come from?
Former colleagues.
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Old 30th Sep 2019, 00:23
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Originally Posted by 750XL View Post
Former colleagues.
Smartlynx will position an a321 YL-LCQ to MAN on either Wednesday afternoon / evening or Thursday early morning in order to start its lease with the first flight being an additional flight to PMI. LS have leased them in for 1month (for now) for additional uplift as well as the Evelop a330-300 EC-MII which holds 388pax.
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Old 30th Sep 2019, 16:53
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Why did BACF do a TCX Santorini-GLA repat flight? I didn't think they originally operated that route. Was it for MAN/NCL pax? BACF often have a lot of extra aircraft and downtime at GLA
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Old 30th Sep 2019, 18:44
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Originally Posted by CabinCrewe View Post
Why did BACF do a TCX Santorini-GLA repat flight? I didn't think they originally operated that route. Was it for MAN/NCL pax? BACF often have a lot of extra aircraft and downtime at GLA
It was the NCL pax Ex MT1833
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Old 1st Oct 2019, 02:48
  #1460 (permalink)  
 
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G-TCDB, G-TCDC, G-TCDE, G-TCDK & G-TCXD - were flown yesterday to SNN
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