Thomas Cook Gone
I Have Control
Join Date: May 2004
Location: North-West England
Posts: 49
Likes: 0
Received 0 Likes
on
0 Posts
Do the Condor aircraft run the risk of being impounded away from base for Thomas Cook Group non-payment of airport/fuel charges, etc? They operate to many similar destinations as TCUK did, such as CUN, MCO and the like.
And is the Premiair fleet still operating? If so, same question applies.
And is the Premiair fleet still operating? If so, same question applies.
Join Date: Oct 2017
Location: Fiji
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
Condor is still flying because they still got money. Managers could see this coming and didn't send as much money of their profit( 43.000.000€) 2018 to Thomas Cook as they years 16 17 etc.... So they have cash on their bankaccount because the CEOs first have to save their own company, then their holding.
So Condor is not bankrupt yet. They are still flying scheduled flights (NOT RESCUE FLIGHTS!).
They applied for a government loan and hope to get it so they can sell Condor and make some money or find a solution outside of Thomas Cook .
So Condor is not bankrupt yet. They are still flying scheduled flights (NOT RESCUE FLIGHTS!).
They applied for a government loan and hope to get it so they can sell Condor and make some money or find a solution outside of Thomas Cook .
Join Date: Oct 2009
Location: The Isle Dordt
Posts: 290
Likes: 0
Received 0 Likes
on
0 Posts
The German operation is in a different company (different legal entity), that is not yet bankrupt. They could in theory operate for years and years to come, as long as they have sufficient funds and income to pay their bills.
There are two options for the administrators of Thomas Cook UK wrt. each foreign subsidiary:
There are two options for the administrators of Thomas Cook UK wrt. each foreign subsidiary:
- keep it running and try to sell the subsidiary to an interested party
- shut it down and liquidate it to stop the losses
Join Date: Jun 2001
Location: Surrounded by aluminum, and the great outdoors
Posts: 3,780
Likes: 0
Received 0 Likes
on
0 Posts
Gulf Air in Bahrain is actively recruiting 320 Capts..the roster is no picnic, but a reasonably comfortable family life can be had and the aircraft are mostly new...
Join Date: Feb 2019
Location: close to nowhere
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
Everyone affected by TC needs to calm down a little bit - clearly they're not as hard done by as this poor person... What on earth will she do with her 45k followers now???
https://www.news.com.au/travel/trave...effd2aaf510ba1
Oh the injustice.
https://www.news.com.au/travel/trave...effd2aaf510ba1
Oh the injustice.
Thomas Cook in its current form was always going to be a challenge to turn around. Vertical integration and size were match winners at the end of the last century. Clearly times move on and the long running structural and financial troubles resulting in unsustainable levels of debt have led to the current situation. Brexit uncertainty has also played a role. Whether this is the first big casualty I am not sure. But the current UK government is quick to attack management. I suspect they are very keen to move the dialogue away from why exactly foreign investors have been hesitant to invest what seem relatively small sums to save the company.
Join Date: Sep 2016
Location: Siargao Island
Posts: 1,043
Likes: 0
Received 0 Likes
on
0 Posts
Two local airlines to me are Air Asia Zest and Philippine Airlines, it is regularly cheaper for me to book flights thru travel agent 'trip dot com' that it is to book with these airlines directly.
Join Date: Apr 2006
Location: uk
Posts: 416
Likes: 0
Received 0 Likes
on
0 Posts
Roadshow info
Hi TCX guys and gals.
I cannot access your closed forum, however, here are the details of an EK (Emirates) Roadshow being held in Manchester on Weds this week.
Manchester: Radisson Blu Hotel Manchester Airport, Chicago Ave, Manchester M90 3RA, UK
25th September2019
10:00am
14:00pm
26th September 2019
10:00am
Best of luck to you all at this ****ty time.
Alwayz
PS there will be a LGW Roadshow next month too.
I cannot access your closed forum, however, here are the details of an EK (Emirates) Roadshow being held in Manchester on Weds this week.
Manchester: Radisson Blu Hotel Manchester Airport, Chicago Ave, Manchester M90 3RA, UK
25th September2019
10:00am
14:00pm
26th September 2019
10:00am
Best of luck to you all at this ****ty time.
Alwayz
PS there will be a LGW Roadshow next month too.
It's actually not possible to lose the sums being bandied around here on your daily operations. It comes from big loans to buy out other companies, and being unable to pay them back. There's been a lot of inter-group trading and exchange of cash (or not), it seems that the German and Scandinavian operations have not been remitting their cash back to the UK parent (part of the investigation of the directors' actions will focus on this), could be for a number of reasons, even a hope to sell them off as going concerns (which may still happen) but this has allowed them to remain legally solvent and continue trading, although surely their bookings must be taking a hit.
Join Date: May 2004
Location: Somewhere in time
Posts: 649
Likes: 0
Received 0 Likes
on
0 Posts
Mmmmm PPruuune!
Join Date: Jul 1998
Location: UK
Posts: 596
Likes: 0
Received 0 Likes
on
0 Posts
Was watching this morning where TC Capt was being interviewed. Very sad for all but especially the crew stuck downroute with no ATOL protection. Would appear to essentially have been left on their own. All company communication ceased and he mentioned a well know UK carrier (BA?) wanting to charge 10k for each of 4 seats left back to the UK. Shocking. Eventually Virgin stepped up.
Feel gutted for everyone.
Feel gutted for everyone.
Join Date: Oct 2011
Location: UK
Posts: 355
Likes: 0
Received 0 Likes
on
0 Posts
Greek god, Virgin stepped up from the get go! Immediately! I think it’s absolutely shameful what BA are doing!
My condolences for everyone at Thomas cook, it was a great place to work I hope you guys find work very very soon.
My condolences for everyone at Thomas cook, it was a great place to work I hope you guys find work very very soon.
Join Date: May 2018
Location: NORTHERN IRELAND
Posts: 51
Likes: 0
Received 0 Likes
on
0 Posts
Hi everyone ...can you help me regarding an issue ...i have booked holiday for 2020 June with Thomas Cook all package ATOL protected. I have direct debits with them of 150 pounds per month.If i cancel the direct debit will my ATOL protected be affected ? Am i the one breaking the contract ?? I already paied 700 pounds that i want back with ATOL later on.Can they refuse to give them back if i cancel the direct debit?? Please help as i don't want to pay anymore for a cancelled holiday .Thank you all
The costs of rescuing the poor individuals is borne by insurers and the like. If the government rescues them, then the taxpayer is on the hook.
Remember all the fuss about bailing out the banks (private profits, socialise the losses) ? In this case, the private sector carries 100% of the can as it should be.
Join Date: May 2010
Location: UK
Age: 79
Posts: 1,086
Likes: 0
Received 0 Likes
on
0 Posts