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The Civil Aviation Authority (CAA) has said they have flown back 61,000 Thomas Cook customers to the UK which is 40% of holiday makers. On Thursday they used 69 flights to bring back 15,000 people as part of Operation Matterhorn. Around 72 flights are expected to operate today and will return around 16,000 customers of…
The first of the 155,000 British tourists are being flown back home after Thomas Cook has collapsed and gone into liquidation. The UK Civil Aviation Authority (CAA) said the tour operator had “ceased trading with immediate effect”. This prompted the UK’s biggest programme to bring 150,000 customers home. The programme is named Operation Matterhorn and…
Thomas Cook have gone into liquidation after last minute negotiations to save the company failed. The UK Civil Aviation Authority (CAA) said the tour operator had “ceased trading with immediate effect”. Peter Fankhauser, Thomas Cook’s chief executive, said the tour operator’s closure was a “matter of profound regret”. Fankhauser said executives had “worked extensively”…
Shares in Thomas Cook have fallen by 20% on Friday after it issued a statement confirming it needed to find an extra £200m to help a financial hole. The travel company could fall into administration this weekend unless they can find £200m in extra funds needed to secure its future. Banks, including RBS and Lloyds,…
Thomas Cook has reached a “substantial agreement” on a rescue deal with investors and lenders. Forsun will take a 75% stake in its tour operating business and have a 25% stake in its airline business. Forsun will also put in £450m for the business to help save the airline. Lenders will put another £450m in…
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