About 1 hour ago, Thomas Cook were stated by The Sun Newspaper saying that all TCX hoilday makers have 24hrs to get back to the UK. This will be a massive job to bring all the passengers back.
This would be on a scale no one in the UK would have seen with a major airline. Apparently multiple Hi Fly aircraft, Qatar A320’s and more.
Thomas Cook are in quite the situation. They need a buyer who is willing to pay £200 million so that they can stay afloat. If they dont then they will go bust and over 150,000 British citizens will be stranded around the world.
From what I have gathered, it seems like Thomas Cook has applied for a “rescue package” which contains $200 million to get the airline back on track; they’re expected to get this rescue package some time next week.
Thomas Cook has basically said to their holidaymakers that they have 24 hours to get back home, just in case the airline goes bankrupt, or they’re going to have to find alternative ways home.
Personally, I think it’s a good call. If holidaymakers want to spend the rest of their holiday worrying about how they’re going to get home, then that’s their choice. If holidaymakers don’t want to worry, then they can do what Thomas Cook has suggested, and get back home within the next 24 hours. That’s just my 2 cents.
Adam thanks for your say. Its seems like RBS (Royal Bank of Scotland) wants £200 million to secure their winter ops. Fosun have refused to back TCX. Now TCX have asked the UK government for the money
They have until Sunday morning to raise £200 million.
It’s not just The royal bank of Scotland, it’s other lenders as well.
Fosun wanted to buy shares of 75% in the travel agent part and 25% in the airline division.
They have now changed there proposal and other share holders don’t agree.
I’ve flown on these many times on family holidays and it will be a real shame.
Another blow to the world of aviation.