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Thomas Cook-2

Old 10th Oct 2019, 13:21
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Originally Posted by 116d
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, 13:38
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Just seen this on our company Facebook group. Surely as it’s a TC Scandinavia aircraft, they can’t scrap it?
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Old 10th Oct 2019, 14:10
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Originally Posted by Grahamy
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, 16:26
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Originally Posted by USERNAME_


Just seen this on our company Facebook group. Surely as it’s a TC Scandinavia aircraft, they can’t 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, 07:52
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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, 08:13
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Originally Posted by sixchannel
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, 07:11
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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, 07:37
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Originally Posted by brian_dromey
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, 08:36
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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, 10:46
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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, 14:15
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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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Old 15th Oct 2019, 14:22
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[QUOTE=KelvinD;10594942]...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.[/QUOTE

You can watch it again on Parliament TV, in all of its glory. [Link]
https://parliamentlive.tv/Event/Inde...6-24f05783aa0d
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Old 15th Oct 2019, 20:54
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[QUOTE=RealFish;10594947]
Originally Posted by KelvinD
...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.[/QUOTE

You can watch it again on Parliament TV, in all of its glory. [Link]
https://parliamentlive.tv/Event/Inde...6-24f05783aa0d

The full version is also being shown on BBC Parliament this evening so will be available on the iPlayer
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Old 16th Oct 2019, 07:20
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From speaking to someone who has been before a select committee you are briefed beforehand to constantly apologise and agree.
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Old 16th Oct 2019, 09:33
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When is Manny and Harriet up before SC ?
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Old 16th Oct 2019, 10:16
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Originally Posted by goldeneye
When is Manny and Harriet up before SC ?

12th of Never as the song says.......they are both long gone
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Old 16th Oct 2019, 11:03
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Originally Posted by paully
12th of Never as the song says.......they are both long gone
They are to give evidence in front of the Select Committee, was mentioned by the chair at the end of tuesday’s sitting.
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Old 16th Oct 2019, 11:17
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The Select Committee hearing was no more than a public telling-off for the former board of Thomas Cook. A number of the panel, and in particular the Chair (Reeves), just kept asserting their pre-determined view and in many cases appeared not to listen or accept, even to a degree, the answers they were given. I do question the relevance of such an enquiry.
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Old 16th Oct 2019, 13:52
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Originally Posted by Wickerbill
The Select Committee hearing was no more than a public telling-off for the former board of Thomas Cook. A number of the panel, and in particular the Chair (Reeves), just kept asserting their pre-determined view and in many cases appeared not to listen or accept, even to a degree, the answers they were given. I do question the relevance of such an enquiry.
I must agree. People are always quick to blame the Chief Exec, but I'm sure some of you recall the emotional footage of Peter on the 'doomsday' when it became clear that TC could not continue.

I would argue that as a man who took most of his bonus in shares and looking at his remuneration package over the past three years, he was actually underpaid given the size of the business. He could have easily jumped elsewhere for more money.... but he didn't. The fact is, to attract quality management, you have to pay the right price. Just because there's huge disparity between that and a basic staffers salary does not mean that it's unfair he received it. But alas it's not unusual in this situations for the top management to get swords thrown at them from all angles and I'm certain based on my knowledge that the committee has two angles of attack. 1) A Labour party that wants to be the 'party of the people' and 2) A Conservative party that wants to shift away the notion that the Gov could have done more.
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Old 16th Oct 2019, 19:41
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Bidding has closed in the Thomas Cook slot auction. This includes 15 slot pairs at LGW.

https://news.sky.com/story/thomas-co...slots-11837155
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