What comes around again eh?

https://cimg1.ibsrv.net/gimg/pprune....a1b822e0d8.jpg


Max and Fritz

Viva Espana


What next - do we see a rebirth of Caledonian here in the UK?

Virgin expresses interest in TCX longhaul

https://news.sky.com/story/virgin-at...rline-11715547

Thomas Cook Scandinavia
 

Apologies for the slight thread drift, but I'm trying to book a charter flight with Thomas Cook Scandinavia from Sweden to Greece. Thomas Cook's travel agency in Sweden, Ving, accepts only credit cards issued in the Nordic countries and the airline won't take direct bookings. I've tried the likes of Expedia, Opodo, Trailfinders, Hahn Air and Apollo but none of them recognise the flight. Spoken to Thomas Cook UK head office in Peterborough and their travel agency in Denmark called Spies but no luck. Ving do not have branches either in towns or airports any more - all Internet only. Being Swedish, Ving don't ccept that legacy thing called cash and bank transfers have to be done within 2 hours (so forget international bank transfers). No they don't take Paypal

Does anyone know how to book a Thomas Cook charter flight out of Sweden for someone who has credit/debit cards issued in the UK ?

You could try using Transferwise. They're normally very quick

Pretty sloppy report that, though the headline figure is accurate. According to a guest on BBC Business Live this morning, from VSA Capital, the real loss is £280m, the rest being a one off charge. Still doesn't make it good, but touting figures of £1.5bm isn't likely to encourage potential customers from investing their hard earned (or worse borrowed) cash into forward bookings.

It also wouldn't surprise me if credit card companies didn't start playing the same trick they did with FlyBe in withholding payments to TC to protect their positions.

which is what they also did with Monarch...The good news seems to be that there is healthy interest in the airline operation which should be good news for jobs going forward.

Rapid descent
 

Chances are any prospective buyers will wait until the whole group goes into administration. They can then cherry-pick tasty parts of the airline structure for virtually nothing.

You gotta feel for the folks inside that company, which seems to have been mismanaged terribly. Job losses running into the thousands is not what this country needs, let alone families and communities. And other countries are involved too. Same applies.

I got my fingers burnt with the Flybe fiasco, wondering if its worth using my paltry one pence per share I was paid, having a punt on Thomas Cook.

The media are selfish and thrive for negativity for stories. So anyway they can delve deeper to make things worse they will. Awful.

Democracy and a free society tends to go with the ability for media to report both good and bad things. Because we know the press can and do report the bad things, we have a higher level of trust when they report the good. If people know that bad stuff will eventually make it to the public domain, they are incentivised against being corrupt and tend to be honest, and do things to the best of their ability.
Without transparency and openness in the information we read, we end up in a despotic society (e.g. Soviet Union) where nobody trusts anything they read and nobody is willing to spend money or invest anything.

On a similiar theme, Boeing are embarassed about the 737 Max, but the freedom of media to report has ensured that our Govt leaders are doing (eventually) what most people perceive to be the right thing

Bloodsuckers
 

As I understand it, when TC bought MyTravel, they considered it had a capital value of £x billion. They now believe it is worth £1.5 billion less. This is important because the capital value of a company's assets have to be set against its liabilities or debts, and TC has huge debts.

As for "goodwill" if a company buys another, part of the price will be the physical assets, bank balance etc, and its existing order book, but some will be the good name of the business, its contacts, and so on.

That's how I understand it, but I'm not an economist or accountant.

Yeah that pretty much sums up goodwill in a nutshell. Put very simply, in the case of acquisition, any value not explicitly explained by the assets/liabilities can be deduced to be goodwill.