I'm also led to believe that there is a creditor's meeting tomorrow morning (Sky). That is highly unusual.

Thomas Cook to meet creditors in final bid for £1bn rescue

https://news.sky.com/story/thomas-co...escue-11816496

The Irony of the fact that at 9am tomorrow the last ditch talks take place at the offices of "Slaughter & May" is shocking of itself. Despite the unfortunate name, the firm is known as the best asset strippers in the business. Sorry DOCQ , you're looking like that geezer what did Saddam Hussain's PR during the second gulf war, who said that Baghdad was safe, as American tanks drove up the street behind him on live TV.

1. With regards to the previous posts with regards to Redundancy payments by the government.
Yes there is a max figure per week and it is all worked out with regards to length of service and your age.
The payment is paid NI & Tax free.
2. Why should the UK Government rescue the TCG, the majority of their business within the the UK, is providing holidays outside of the UK.
The UK wants people taking holidays within the UK and spending their money within the UK, not outside of the UK.
I am saying this as someone who spent his working life tied up within holiday companies and airlines that supply the same type of product that TCG provides.
I do wish all TCG staff the best of luck.

Also times have have changed, tui's biggest competition is skyscanner and booking dot com

.......................

Look at the date that article was written

That article is dated back in May

there's nothing worth rescuing here now. it's be like throwing good money after bad. i feel sorry for the staff though. i know from personal experience what all this feels like. it went fairly close to the wire in 2011/12 and its predecessor MyTravel very nearly went the same way in 2006. i think it's in it's DNA now. I remember reading an article from CitiGroup back in may (when shares hit 10p) saying the shares were worthless. how right they were. any expense repatriating stranded people should be covered by the ATOL levy. and IF they do fold, whilst TUI and Jet2 would remain as the dominant market players, the way holidays are sold now is evolving in a way that differs from before the tinternet existed and it was all just big tour operators. There would be no monopoly as some are suggesting (as the reason to keep tcx afloat).

The medical term would be DNR.... Do Not Resuscitate.

Yes its sad for the staff of the UK company, and also for the Condor ops and the TC Nordic ops.

If those countries felt that there was something worth saving for their citizens, they would have put up offers for them

The Germans have not mounted a rescue for TC in respect of Condor

The Nordics (Norway and Sweden) have not mounted a rescue for the Nordic operations.

The Europeans clearly see the writing on the wall for this business, as do I, and as do the city. The share price says it all. Its over. It's sad, it's a loss to the British industry, but that is that.

To the chap that is absolutely hellbent on a rescue.... let me ask you this.... if the British government rescued every failing business, where would we be? Woolworths? yes? Zavvi? Yes? XL Airways? Yes? BHS? Yes? What's next? shall we nationalise Debenhams, Sainsburys and Asda on the quicktime before they go bust???

I wouldn't underestimate the rate at which you might see Easyjet expand into this market place. The top echelons of the company are now predominantly ex-TUI brought in by the CEO.
Between Jet2 and Easy the gap would be filled within 18 months and a lot of the staff would be able to find jobs with these guys plus TUI.

TC website is down.