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Originally Posted by easyflyer83
(Post 10575319)
so hang on. You have called people (rather aggressively and rudely) for ‘speculating’ but yet you peddle more positive speculation potentially giving false hope? There is no difference. |
Daft thing is the statutory redundancy bill for the Treasury is likely to be in excess of £50 million just for Thomas Cook UK. Lost PAYE, VAT on wages spent plus all the fallout on suppliers and their employees and £200 million doesn't look like a lot of money.
But under no illusions, the government won't be stepping up and neither should they. |
I've just successfully checked us in online for tomorrow's flight home to MAN. Sadly many of the friends we have made in the resort are the usual mix of families with young children and older couples who are all now extremely worried about their flights later in the week. We all here feel for the Thomas Cook crews but seeing how it affects the passengers is sobering. Will be passing on our best wishes to the crew tomorrow ..... |
Rushed Approach: just a point about terminology... wrt "The CAA is also very hard-nosed in the financial due diligence it carries out when renewing an airline's AOC and may itself have asked for a previously unforeseen "bond" to be lodged with it before the new AOC can be issued."
An AOC (Air Operators Certificate) is to do with the aspects of an airline to operate safely. Whereas the OL (Operating License) is to do with an airline's financial fitness. There's no doubt about Thomas Cook's AOC (i.e. it's safety to operate) but there are certainly some doubts about its OL (i.e. it's financial fitness to operate). See also: https://www.caa.co.uk/Commercial-ind...ting-licences/ |
Originally Posted by 763 jock
(Post 10575339)
Daft thing is the statutory redundancy bill for the Treasury is likely to be in excess of £50 million just for Thomas Cook UK. Lost PAYE, VAT on wages spent plus all the fallout on suppliers and their employees and £200 million doesn't look like a lot of money.
But under no illusions, the government won't be stepping up and neither should they. |
Originally Posted by easyflyer83
(Post 10575319)
so hang on. You have called people (rather aggressively and rudely) for ‘speculating’ but yet you peddle more positive speculation potentially giving false hope? There is no difference. i deal in facts unlike many on here .... |
Having been on the Pax end of the Monarch collapse (in FUE at the time) I wonder if tonight will bring another 'wham, bam, thank you m'am' and as soon as tonights last aircraft has landed in the UK in the early hours of Sunday, that'll be it.
So sad if so, for all those working for the TC companies. Said Pax in resort will likely be taken care of. |
Originally Posted by Doc Q
(Post 10575358)
It is not fact. So I ask again? Why are you criticising others for doing what you are doing? |
Originally Posted by ETOPS
(Post 10575349)
I've just successfully checked us in online for tomorrow's flight home to MAN. Sadly many of the friends we have made in the resort are the usual mix of families with young children and older couples who are all now extremely worried about their flights later in the week. We all here feel for the Thomas Cook crews but seeing how it affects the passengers is sobering. Will be passing on our best wishes to the crew tomorrow ..... |
Originally Posted by 2Para
(Post 10575373)
im sure all the crew want to hear is every bonehead slabbering their way onto the plane, sad to hear about your future, are you worried, if there was anything i could do??, just get on the f#####g thing, sit down and f### up!
Well said ...... |
Originally Posted by 2Para
(Post 10575373)
im sure all the crew want to hear is every bonehead slabbering their way onto the plane, sad to hear about your future, are you worried, if there was anything i could do??, just get on the f#####g thing, sit down and f### up!
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Originally Posted by toledoashley
(Post 10575265)
The £600m would be paid out of the Air Travel Trust Fund, which is contributed to by every person booked on a ATOL bonded package with a fee of £2.50.
The CAA has confirmed that the Atol scheme has funds of more than £170 million available to bail out holidaymakers, with additional insurance cover totalling a further £400 million. |
Originally Posted by CW247
(Post 10575301)
Corporate death occurs at the first sign of trouble these days. Customer jitters have killed TCX off before any last minute rescue deal can come to the table. Just how many people do you think booked holidays in the last 24 hours?
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Given the number of crew who have already been through an airline going into administration of at least know someone who has, I think you'll be lucky if there is enough staff to fly the outbound sector. I'd be thinking twice about turning up for no sa or commission, statutory redundancy and maybe a basic reference you can use for your next airside pass (if you're lucky). I agree with 2Para the crew won't want to hear a load of rubbish of pax that really are just happy their own a***s are ok. If you want to be nice to the crew just give them an easy flight home. |
Not sure that characterising all your pax as stupid is very productive - after all they're not responsible for what may or may not be happening to the company. I'm sure the crew would appreciate a kind word from those thoughtful enough to give it (I know Monarch crews were) - of course many pax won't do that anyway and will be more interested in when the bar trolley gets to them. Believe it or not many pax are very emotionally attached to the airlines they fly on.
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Originally Posted by Rushed Approach
(Post 10575390)
Believe it or not many pax are very emotionally attached to the airlines they fly on.
In no way does it compare to how Crew and all employees must have felt but we felt really saddened at the demise of a company who always seemed to put the Customer first. |
Originally Posted by Rushed Approach
(Post 10575356)
Well the UK redundancy payment is capped at £525 a week for a max of 8 weeks, is subject to 12% NI (and basic tax at 20% if paid in the tax year of redundancy), and if Monarch is anything to go by won't be paid for almost two years!
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763 Jock, I sincerely hope that you won’t need it! If you ever need it then you will unfortunately find out that you won’t be getting 20 x £525. The calculator on the GOV.UK website assumes that your employer is still operating. Once you are made redundant due to your employer going bust, several other caps are introduced and you get nowhere near the amount of 20 x £525. Unfortunately I found out the hard way when Monarch went bust. |
................but what about the pension ?
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If I remember rightly from February this year the max is 12 weeks at £525 maximum. Btw you get no statutory redundancy with less than 2 years service. You can also them apply for loss of notice pay at the same cap of £525 per week but I think the maximum regardless is still 12 weeks total. Some guys waited ages for payment. I only waited 3 weeks, it seemed random?? |
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