Thomas Cook-2
Well this is a rumour forum and as I put above, I'm not sure how accurate the source is (I can't really tell you either...) - Having been in a similar situation towards the start of the year (lost my job over night without any warning), I get what TCX staff are going through.
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There isnt even a TCX on the ground at BHX, and any idiot could check that before posting such insensitive and unfounded rumours. Its as if some are wishing the worst, same happened with MON.
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There is one unusual thing with this A380 positioning - it positions using HiFly Malta callsign which happens rare to never, 99% case it will be customer airline call sign for positioning and de-positioning. So whatever they doing, it is not an airline who contracted them...
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Heard from a mate who works for another airline and spare staff are being call to travel tonight and tomorrow as passengers out aboard and further information will follow so sounds like it’s the 11th hour
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There is one unusual thing with this A380 positioning - it positions using HiFly Malta callsign which happens rare to never, 99% case it will be customer airline call sign for positioning and de-positioning. So whatever they doing, it is not an airline who contracted them...
Why not pack your knapsack and make a flask up and sod off to your local airport and scribble down some reg numbers ....
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There is one unusual thing with this A380 positioning - it positions using HiFly Malta callsign which happens rare to never, 99% case it will be customer airline call sign for positioning and de-positioning. So whatever they doing, it is not an airline who contracted them...
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- It would breach EU state aid rules
- It would open up the government to litigation for NOT bailing out other major British firms in recent memory - MG Rover, British Steel, "insert high street chain name here" and so on and so on.
- Thomas Cook Group is not critical for continuity of life (unlike the banks). Leisure flights and holidays are deemed luxury and not necessity. That, sadly is the main fact that will stop state intervention.
- The state has already prepared through the CAA its contingencies for collapse. The CAA is a Statutory Corporation for the Department for Transport. This does not include throwing taxpayers money at a failed business.
I can however, see a very very very slight possibility that the Government through the DfT may provide bridge funding in order for Thomas Cook's UK operations to be wound down in an orderly fashion. The problem with this is what about the Scandinavian operations and the German operations??
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I don't know how many times we are going to discuss this, but the Government will not bail out Thomas Cook Group. Here's why;
I can however, see a very very very slight possibility that the Government through the DfT may provide bridge funding in order for Thomas Cook's UK operations to be wound down in an orderly fashion. The problem with this is what about the Scandinavian operations and the German operations??
- It would breach EU state aid rules
- It would open up the government to litigation for NOT bailing out other major British firms in recent memory - MG Rover, British Steel, "insert high street chain name here" and so on and so on.
- Thomas Cook Group is not critical for continuity of life (unlike the banks). Leisure flights and holidays are deemed luxury and not necessity. That, sadly is the main fact that will stop state intervention.
- The state has already prepared through the CAA its contingencies for collapse. The CAA is a Statutory Corporation for the Department for Transport. This does not include throwing taxpayers money at a failed business.
I can however, see a very very very slight possibility that the Government through the DfT may provide bridge funding in order for Thomas Cook's UK operations to be wound down in an orderly fashion. The problem with this is what about the Scandinavian operations and the German operations??
TC senior management must think there is room for some hope it may happen otherwise why try ?
Am I missing something here. If the govt bailed out TC for the tune of £200m that would save taxpayers the estimated £600m on the CAA repat flights. Total saving £400m.
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Yes, Thomas Cook actually requires £1.3billion in total. So the £200m is only to keep the company trading in the short-term (the bank's demand) whilst trying to raise the other £1.1billion which is by no means guaranteed. So it could be that by October 1st, the £600m CAA repat & refund costs would still be there, but another £200m chucked down the drain in the process.
£600,000,000, 150,000 pax = £4,000 - seems a bit high, or am I missing the point?
Also, govt financing doesn't work this way - the ATOL repatriation money comes from the industry levy so is already accounted for. Anything else would have to come out of some sort of central govt contingency reserve.
Also, govt financing doesn't work this way - the ATOL repatriation money comes from the industry levy so is already accounted for. Anything else would have to come out of some sort of central govt contingency reserve.
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No, the £600 million figure being branded about for total repatriation of UK citizens is BULL *****. It's either being been mixed up with Germany's and Scandinavia's costs or the ATOL refunds for holidays which have not yet begun.
With 150,000 customers abroad with Thomas Cook UK, at a truly worst case cost of £1,000 per customer, it would cost £150 million to repatriate them. Germany and Scandinavia will have their own customers to worry about, not for the UK government. It's being slated that 600,000 holidays are booked, i.e. people who have not left the UK yet. The refunds will be covered by the ATOL scheme.
With 150,000 customers abroad with Thomas Cook UK, at a truly worst case cost of £1,000 per customer, it would cost £150 million to repatriate them. Germany and Scandinavia will have their own customers to worry about, not for the UK government. It's being slated that 600,000 holidays are booked, i.e. people who have not left the UK yet. The refunds will be covered by the ATOL scheme.
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No, the £600 million figure being branded about for total repatriation of UK citizens is BULL *****. It's either being been mixed up with Germany's and Scandinavia's costs or the ATOL refunds for holidays which have not yet begun.
With 150,000 customers abroad with Thomas Cook UK, at a truly worst case cost of £1,000 per customer, it would cost £150 million to repatriate them. Germany and Scandinavia will have their own customers to worry about, not for the UK government. It's being slated that 600,000 holidays are booked, i.e. people who have not left the UK yet. The refunds will be covered by the ATOL scheme.
With 150,000 customers abroad with Thomas Cook UK, at a truly worst case cost of £1,000 per customer, it would cost £150 million to repatriate them. Germany and Scandinavia will have their own customers to worry about, not for the UK government. It's being slated that 600,000 holidays are booked, i.e. people who have not left the UK yet. The refunds will be covered by the ATOL scheme.
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The Hifly A380 landed in Paris CDG so we can clear up that rumour atleast. All TCX flights seem to operate normally according to schedule with no delays or cancellations.
Let's hope for the best for all hardworking TCX collegues.
Let's hope for the best for all hardworking TCX collegues.
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sure I read earlier that they have less than £200m so would come down to the British Tax Payer to cover it, hence would be cheaper in theory for the tax payer to invest £200m to save the airline.