Thomas Cook-2

[LiamNCL]

Originally Posted by Jet2_GLA

Maintenace and C Check. G-TCVD currently having it done too.

Straight swap TCVC in and TCVD out

[Jet2_GLA]

Yes. Swapped after maintenance due to number of aircraft they need.

G-TCVB due back from AUH soon too, as it’s currently there for a C Check

[cornishsimon]

Just to add to this. The aircraft as you now know are with apple aviation at NQY who not only scrap/store aircraft including some ex primera 321s they also have a purpose built hangar offering maintenance input for aircraft and engines.


cs

[goldeneye]

Thomas Cook Group looking at options to sell the airline business to raise cash.

https://uk.reuters.com/article/uk-th...-idUKKCN1PW0I9

[USERNAME_]

Originally Posted by goldeneye

Thomas Cook Group looking at options to sell the airline business to raise cash.

https://uk.reuters.com/article/uk-th...-idUKKCN1PW0I9

Pardon my ignorance, but would this be good or bad for the airline? Immediately strikes me as negative.

[pabloc]

If TCX was sold who do we think would buy?..TUI,Easy,Jet2??...or an investment group?

[AirportPlanner1]

Might the airline need to be sold anyway come Brexit to get around non-EU ownership for their Belgian/German/Scandinavian/Spanish operations?

[Jamesair]

i thought Thomas Cook was German owned

[chaps1954]

Exactly it will need to be UK owned

[clipstone1]

Thomas Cook Group PLC is a UK based European travel group, floated on the LSE.

TUI is a German based Global Travel Group, floated on the DAX and LSE

Both have obviously got amongst others wholly owned UK, German and Scandinavian airlines.

[RoyHudd]

One issue is that Thomas Cook Group cannot afford to fund the airline for a necessary fleet rollover for their very tired A330's. The airline cannot soldier on without significant investment. A buyer for the airline may be hard to find, although the asset-strippers are always ready and waiting.

For the sakes of the many good people working for the airline, I hope a good and humane purchaser is found soon. The bulk of the employees have been through mergers and threatened closures in the recent past. This latest news cannot be welcome to them.

[virginblue]

Originally Posted by RoyHudd

One issue is that Thomas Cook Group cannot afford to fund the airline for a necessary fleet rollover for their very tired A330's. The airline cannot soldier on without significant investment. A buyer for the airline may be hard to find, although the asset-strippers are always ready and waiting.
.

I think the bigger issue are the even more tired 767-300s and the oddball 757-300s operated by Condor

[nowhereasfiled]

Maybe with the Virgin/Flybe merger potentially going down the pan, might see VS take an interest in TCX and have a second go at their Virgin Sun brand.

[Plane.Silly]

If TCX was sold who do we think would buy?..TUI,Easy,Jet2??...or an investment group?

As a whole, no-one in the right frame of mind.
As a broken down asset sale, i could see Easyjet taking something on board. Both sometimes sell seats on each others aircraft (but mainly TCX buying U2) and i'm sure they wouldn't say no to taking more potential customers
TCX in worst case scenario would get rid of most of their fleet and just buy seats on other airlines (exception being TUI and Jet2, both won't want to be seen helping the enemy)

[pamann]

Originally Posted by Plane.Silly

TCX in worst case scenario would get rid of most of their fleet and just buy seats on other airlines (exception being TUI and Jet2, both won't want to be seen helping the enemy)

I’m pretty sure TUI and TCX do block buy seats (allocation) on each other’s flights only on certain routes from certain airports. I know TUI were buying seats from LS last summer especially out of LBA. I’m pretty certain it works in the reverse also and has done for as long as I can remember.

[LiamNCL]

Originally Posted by pamann

I’m pretty sure TUI and TCX do block buy seats (allocation) on each other’s flights only on certain routes from certain airports. I know TUI were buying seats from LS last summer especially out of LBA. I’m pretty certain it works in the reverse also and has done for as long as I can remember.

True as you can book NCL-FUE on TUI and its a TCX flight.

[22/04]

It could be broken up or sold as a whole - it will have a season of contracted holiday flying for next summer which allows time for re-structuring and is profitable.

It is timely especially if any shuffling of shareholding needs to be done in the event of a hard Brexit.

LH might be interested in re-acquiring Condor. VS might go for long haul or all of the UK airline to allow it to restructure as UK airline. Easy could go for the short haul as could Jet2. I somehow doubt Ryanair or IAG would go for it - doesn't fit either structurally or business model - costs too high for FR I would have thought. I have no idea about Scandinavia or Spain. Gatwick slots could be sold with Thomas Cook using other operators for Gatwick. IAG,Jet2 or Easy would go for those.

TCX in worst case scenario would get rid of most of their fleet and just buy seats on other airlines

. Think you mean Thomas Cook not TCX .

[Jet2_GLA]

Originally Posted by Jamesair

i thought Thomas Cook was German owned

no its UK owned. Thomas cook owns condor though,

[toledoashley]

I heard this was in the works a while back, but it went surprisingly quiet. With the direction Thomas Cook are going in, they clearly don’t need an airline. They are close to Club Med - who work on a very similar model, concentrate on the hotel experience and leave the flying to someone else.

There is real credibility in the UK operation being sold to Virgin - it would really create a decent hub in Manchester, and flexibility throughout their network, and the overall flyBe network too if they could keep the cost base low. Don’t assume that as TCX is a holiday/leisure airline, that whoever takes them over would continue as such.

In Germany, it could be a little trickier and a straight fight between LH and IAG, but I also wouldn’t rule out a VC in order to retain the well regarded Condor name.

[Jet2_GLA]

Originally Posted by toledoashley

I heard this was in the works a while back, but it went surprisingly quiet. With the direction Thomas Cook are going in, they clearly don’t need an airline. They are close to Club Med - who work on a very similar model, concentrate on the hotel experience and leave the flying to someone else.

There is real credibility in the UK operation being sold to Virgin - it would really create a decent hub in Manchester, and flexibility throughout their network, and the overall flyBe network too if they could keep the cost base low. Don’t assume that as TCX is a holiday/leisure airline, that whoever takes them over would continue as such.

In Germany, it could be a little trickier and a straight fight between LH and IAG, but I also wouldn’t rule out a VC in order to retain the well regarded Condor name.

Its not that Thomas Cook don’t need the airline, the airline is what has kept the company afloat over the past year, and is the only part of the group that has made an excellent profit. Selling the airline, will mean Thomas Cook can clear the debt they currently owe, as it will be worth a lot, and probably to an investment group rather than an airline, so they will continue to operate as Thomas Cook Airlines.