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Thomas Cook-2

Old 9th Oct 2019, 19:30
  #1501 (permalink)  
 
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Those who work for Hays up in the N.E cannot praise him enough for what he does for his staff , Certainly a rarity in this day and age and long may it continue i wish his new venture and ex Thomas Cook staff the very best of luck.
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Old 9th Oct 2019, 19:52
  #1502 (permalink)  
 
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Originally Posted by LiamNCL View Post
Those who work for Hays up in the N.E cannot praise him enough for what he does for his staff , Certainly a rarity in this day and age and long may it continue i wish his new venture and ex Thomas Cook staff the very best of luck.
Odd website to use if you just want to look around their Hayes offerings.
Gave up after 5 mins. Needs work - or a visit to a Hayes shop?
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Old 9th Oct 2019, 20:18
  #1503 (permalink)  
 
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I read a comment that because Hays don't own an airline / cruise ships / hotels, it will allow them to be "nimble" in how they go about their business, presumably meaning directing customers towards packages that provide satisfaction to all parties. Perhaps having expertise in the the business you run is about to come back in fashion.
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Old 10th Oct 2019, 06:26
  #1504 (permalink)  
 
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I would imagine not having their own airline, cruise ships, hotels etc Hays are in an excellent position to negotiate deals from various companies especially as they've taken on the TC shops.

TUI's reputation seems to be going downhill (through no fault of their own) due to the 737 Max issues.
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Old 10th Oct 2019, 09:03
  #1505 (permalink)  
 
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Originally Posted by toledoashley View Post
Very true TravelAgent, they seem to have taken the mantle of where Bath Travel took off in the south. Although they havenít had to finance it, the stores are going to have to pay their way in the long run.
Free of the legacy Thomas Cook debts, it's a clean slate for these stores and the next 6 months will give them a chance to prove their viability. It'll be interesting to see what happens to the old Thomas Cook store in the Trafford Centre: it's on the same floor as, and within a few doors of, the TUI and Virgin Holidays stores, however it'll be interesting to see what deal Hays can negotiate with the landlord there given that empty units in the Trafford Centre don't stay empty for long.

Good luck to Hays with taking on these stores. I don't expect all of them to stay open due to some of them only being doors away from existing Hays Travel stores, but it's a big vote of confidence in the High Street to be taking on a large amount of real estate in a time when most others are retreating. I do hope many of the former store staff who are yet to find work are taken on again.
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Old 10th Oct 2019, 10:07
  #1506 (permalink)  
 
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Many blamed the shops for dragging the rest of the group down. The really is that TCG imploded under debt from a series of acquisitions. Its happened time and again, Swissisr being one of the most famous, but House of Fraiser are another example. The difficulty in an integrated model like TCG no-one can truly tell which part of the business pays for marketing, IT, HR, Training, H&S, etc. It's not even that easy to tell where the money is coming from. If someone buys a Thomas Cook Airlines flight via a TC store how do you allocate the revenue? An industry-standard commission structure, perhaps? But if that store didn't exist would the passenger have booked with TCX, or ended up on Virgin, for example?

Hopefully Hays can make a go of this, the scale of expansion is huge. Apparently 55 stores will open today. Thats a huge sumner of stores to open in one day, with a defunct brand and no Thomas Cook product to sell. I assume they paid next-to-nothing for the travel agent business, essentially they are taking over the leases. There is no mention of being able to use the Thomas Cook brand or TUPE of staff.
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Old 10th Oct 2019, 10:14
  #1507 (permalink)  
 
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Originally Posted by brian_dromey View Post
Many blamed the shops for dragging the rest of the group down. The really is that TCG imploded under debt from a series of acquisitions. Its happened time and again, Swissisr being one of the most famous, but House of Fraiser are another example. The difficulty in an integrated model like TCG no-one can truly tell which part of the business pays for marketing, IT, HR, Training, H&S, etc. It's not even that easy to tell where the money is coming from. If someone buys a Thomas Cook Airlines flight via a TC store how do you allocate the revenue? An industry-standard commission structure, perhaps? But if that store didn't exist would the passenger have booked with TCX, or ended up on Virgin, for example?

Hopefully Hays can make a go of this, the scale of expansion is huge. Apparently 55 stores will open today. Thats a huge sumner of stores to open in one day, with a defunct brand and no Thomas Cook product to sell. I assume they paid next-to-nothing for the travel agent business, essentially they are taking over the leases. There is no mention of being able to use the Thomas Cook brand or TUPE of staff.
Thomas Cook Stores did sell substantially more 3rd party product than TUI does, so there is less of a transition than one might think as many of the suppliers will be familiar.
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Old 10th Oct 2019, 11:55
  #1508 (permalink)  
 
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There won't be a TUPE issue - the staff were not taken with the shops.
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Old 10th Oct 2019, 14:04
  #1509 (permalink)  
 
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Someone asked about the aircraft in the Hangar in Manchester. The A330 (OY-VKH) currently in maintenance is due to be scrapped in hangar as the receiver is not prepared to pay the insurance to have the work carried out.
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Old 10th Oct 2019, 14:21
  #1510 (permalink)  
 
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Originally Posted by 116d View Post
Good luck to Hays with taking on these stores. I don't expect all of them to stay open due to some of them only being doors away from existing Hays Travel stores, but it's a big vote of confidence in the High Street to be taking on a large amount of real estate in a time when most others are retreating. I do hope many of the former store staff who are yet to find work are taken on again.
I will second that , i really do hope that Hays Travel make this work. I know i said yesterday that it was the stores that brought TC down & i still believe that they did , Going Places & the takeover of the co-op travel group left them with too many stores. Hays will be making store closures in the coming months , there's no doubt about it.
The Metrocentre already has a Hays travel shop & 2 Thomas Cook shops that are less than a 60 second walk from each other
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Old 10th Oct 2019, 14:38
  #1511 (permalink)  
 
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Just seen this on our company Facebook group. Surely as itís a TC Scandinavia aircraft, they canít scrap it?
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Old 10th Oct 2019, 15:10
  #1512 (permalink)  
 
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Originally Posted by Grahamy View Post
I will second that , i really do hope that Hays Travel make this work. I know i said yesterday that it was the stores that brought TC down & i still believe that they did , Going Places & the takeover of the co-op travel group left them with too many stores. Hays will be making store closures in the coming months , there's no doubt about it.
The Metrocentre already has a Hays travel shop & 2 Thomas Cook shops that are less than a 60 second walk from each other
Hays have been looking for a bigger shop in the Metrocentre anyway so expect their current one to close.
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Old 10th Oct 2019, 17:26
  #1513 (permalink)  
 
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Originally Posted by USERNAME_ View Post


Just seen this on our company Facebook group. Surely as itís a TC Scandinavia aircraft, they canít scrap it?
at 19 yrs, it's not OLD old - just middle aged.
I guess it all depends WHO was to pay for this maintainance - TCX or TC Scand.
I assume the Administrators have a 'lien' on it on behalf of ex-TCX for work done fiforr TC Scand.
Unless its its a real 'dog' on a 'C' it must be worth more to finish the work off and sell the airfame a 'going concern'.
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Old 11th Oct 2019, 08:52
  #1514 (permalink)  
 
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....noted a UK-reg'd ex-TCX 330 (CHTZ) positioning MAN-NQY on Weds evening. 3 x 321's (at least) now at QLA.
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Old 11th Oct 2019, 09:13
  #1515 (permalink)  
 
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Originally Posted by sixchannel View Post
at 19 yrs, it's not OLD old - just middle aged.
I guess it all depends WHO was to pay for this maintainance - TCX or TC Scand.
I assume the Administrators have a 'lien' on it on behalf of ex-TCX for work done fiforr TC Scand.
Unless its its a real 'dog' on a 'C' it must be worth more to finish the work off and sell the airfame a 'going concern'.
Do we know if this was an owned or leased? If its a leased aircraft the decision to pay, or not to pay, for maintenance to be completed will be the lessor. One would assume they want their asset back. The A332 isn't massively desirable, the A333 is preferred. With new generation 787 and A350 now coming on-line in significant numbers and rumors that Boeing has a significant number of potential 787-9 white-tails these aircraft may be worth more as parts, than in one piece, a number of young 737-700s and A319s have been scrapped for parts. Strange but true.
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Old 15th Oct 2019, 08:11
  #1516 (permalink)  
 
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Business Select Committee

The Business Select Committee meets this morning and Thomas Cook management will be attending.

Its on BBC Parliament from 9am
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Old 15th Oct 2019, 08:37
  #1517 (permalink)  
 
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Originally Posted by brian_dromey View Post
Do we know if this was an owned or leased? If its a leased aircraft the decision to pay, or not to pay, for maintenance to be completed will be the lessor. One would assume they want their asset back. The A332 isn't massively desirable, the A333 is preferred. With new generation 787 and A350 now coming on-line in significant numbers and rumors that Boeing has a significant number of potential 787-9 white-tails these aircraft may be worth more as parts, than in one piece, a number of young 737-700s and A319s have been scrapped for parts. Strange but true.
Hi brian_dromey
I wouldn't be so sure that a 332 even of this vintage wouldn't be so desirable. There isn't huge availability of 330's on the market (agreed that 333 is far more desirable), besides repayments on a lease on a second hand 330 could be in the range of 25% of the ongoing cost of a new 787/350. Not all carriers are well placed to access new machines either. Finally to say the case for a new 787/350 stacks up on longer sectors, probably in excess of 8/9 hours. Aer Lingus is a good case in point. They ditched 350 orders in favour of 330 family. In their case while 333 is preferred, the 332 is a great plane for new and developing routes.
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Old 15th Oct 2019, 09:36
  #1518 (permalink)  
 
Join Date: May 2019
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Oy-vkh is a 300. But at nigh on 20 years old at the utilisation that the likes of thomas cook usually achieve. It's probably well north of 80-90 thousand hours. So not surprising it's being parted out really.
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Old 15th Oct 2019, 11:46
  #1519 (permalink)  
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Staff back at work in former Thomas Cook shops

BBC
Last month, tour firm Thomas Cook went out of business, putting 9,000 jobs in the UK at risk. But Hays Travel has taken over its 500-plus travel shops and says it will continue to employ up to 2,500 of the people who work in them.
I am glad that Hays have taken some staff on but they must look to the future and plan for fewer shops. The top and bottom of the market may still continue to use shops but (my guess) 80%+ of the market will not. The Internet has been around in a mass market way for 20+ years and the folks who like to use shops declines with every season.
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Old 15th Oct 2019, 15:15
  #1520 (permalink)  
 
Join Date: May 2011
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I watched the Thomas Cook "culprits" being grilled by the Business etc committee this morning and they were put through the mill. Rachel Reeves at one point virtually accused them of fiddling the books by moving items such as the massive debt to a part of the accounts where they would not spoil a rosy glow the accounts out on their annual figures. The debts were in the accounts but were not deducted from the bottom line.
At one point she told the Board members that she had heard them say "Sorry" quite enough and didn't want to hear it any more. She wanted answers to questions about how they conducted business.
It was a shame the TV coverage didn't go on longer as the TC Board were getting a thorough savaging from all members of the committee.
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