Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
runway23
Posts: 2336
Joined: Sat Jan 15, 2005 2:12 am

Re: Alitalia bankruptcy and selling process discussion thread

Mon Sep 23, 2019 6:14 pm

Jetty wrote:
Does anyone have a clue why this is called 'Operation Matterhorn'? Such an odd choice given that the original operation with the same name was about bombing Japan and Thomas Cook didn't even fly to Switzerland. Also it offended the Swiss, but of course you can count on Brits to offend Europeans when it is their own airline that fails.

https://www.telegraph.co.uk/travel/news ... n-zermatt/


They flew LGW/BRS-GVA. No idea why they chose that name though.
 
GianiDC
Posts: 179
Joined: Wed Dec 11, 2013 6:30 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 6:33 pm

I just landed in MUC and saw an Air Caraibes A333 parked on the ramp. Could this be sign for problems at Condor or is it coincidence?
 
leghorn
Posts: 1297
Joined: Sun Jan 22, 2017 9:13 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 6:35 pm

Bongodog49 wrote:
leghorn wrote:
GB £ was at US $1.47 on Brexit vote day on 23rd June 2016.
It never got back near that in the last three years.
When your main centre of interest in the UK and you are buying inputs to your business in Dollars and Euro that doesn't give you the oxygen to breath when your business needs to handle a step change like the move by Consumers to internet bookings of flights and accommodation.


The exchange rate today is more or less exactly the same as it was in January 2017, in the meantime it has risen by about 5% and then dropped back again. Tour companies are typically taking bookings about 6 months ahead of travel, the fluctuations inthat timescale have been no different to what has happened many times in the past.


https://www.xe.com/currencycharts/?from ... D&view=10Y

The purchasing power of the British has decreased over many years and the Company has eaten through all its assets.
The company may have been unhealthy but Brexit uncertaintly killed it like pneumonia does to any patient fighting some other illness.
If this were a plane crash and not the demise of a company you would of course discuss the environment it was in at the time of the crash e.g. high altitude, stormy, poor visibility.
Here the company was trying to navigate unfavourable conditions with Customers who have limited purchasing power and a company forced to pay most of the running expenses in a stronger foreign currency.
 
WingsOfLove
Posts: 223
Joined: Thu Mar 15, 2018 12:54 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 6:57 pm

Bongodog49 wrote:
The exchange rate today is more or less exactly the same as it was in January 2017


Richard Branson, founder of the Virgin Group, said in a blog post that the steep drop in the value of the pound following the 2016 Brexit referendum had piled the pressure on the heavily indebted and "struggling" Thomas Cook.
"All of the travel industry costs are in dollars — for example fuel maintenance and airplane leasing. With the weaker pound, the cost of everything has skyrocketed. For Thomas Cook, this has proved terminal," Branson said.
 
Sunbao
Posts: 23
Joined: Mon Sep 26, 2016 12:27 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:02 pm

Good news from Scandinavia at least Thomas Cook Airlines scandinavia will resumé operations from midnigt.
 
kanye
Posts: 134
Joined: Thu Jun 28, 2007 3:32 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:04 pm

A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.
 
User avatar
Finn350
Posts: 1601
Joined: Tue Jul 09, 2013 4:57 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:12 pm

kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.


The same news confirmed by Tjäreborg, the Finnish entity.
 
tofen
Posts: 35
Joined: Sun Feb 15, 2009 8:25 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:16 pm

All H5 aircraft seems to be operating still using DE flight numbers. The same seems to be true for H3 operated aircraft flying for DE.
I wonder if H3 and H5 might be included in a potential independent (or LH owned) Condor?
H3 at least seems to be quite integrated in DE, not sure if the same is true for H5 considering it's based in Spain.

Lets hope DE, H3 and H5 continues to operate and that DK also gets in the air again soon!
Too bad MT will probably never fly again :(.
 
bennett123
Posts: 9805
Joined: Sun Aug 15, 2004 12:49 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:17 pm

Just been looking at airfleets, who are still showing Thomas Cook as active.

I assume that the leased A320/A321 will go back to the owners once the repatriation flights end, (they had quite a few on LY or YL registers). Those leased from banks etc Will presumably be parked for a bit longer.

Hopefully most will be active soon, possibly with ex Thomas Cook crews.
 
fessor
Posts: 165
Joined: Tue Jun 03, 2014 1:26 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:20 pm

Finn350 wrote:
kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.


The same news confirmed by Tjäreborg, the Finnish entity.


And Spies in Denmark comes with the same news
 
Strato2
Posts: 557
Joined: Sat Sep 24, 2016 3:52 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:21 pm

Apparently Thomas Cook Airlines Scandinavia will also fly normally tomorrow.
 
tofen
Posts: 35
Joined: Sun Feb 15, 2009 8:25 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:23 pm

kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.

That is very good news!
Lets hope that at the end of this we will "only" have lost Thomas Cooks UK while the rest of the group survives and gets on their feet again.
I'd image the Thomas Cook brand will disappear however. Condor could survive as it is in Germany while the Scandinavian airline will be rebranded as Ving or Spies.
 
fessor
Posts: 165
Joined: Tue Jun 03, 2014 1:26 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:28 pm

tofen wrote:
kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.

That is very good news!
Lets hope that at the end of this we will "only" have lost Thomas Cooks UK while the rest of the group survives and gets on their feet again.
I'd image the Thomas Cook brand will disappear however. Condor could survive as it is in Germany while the Scandinavian airline will be rebranded as Ving or Spies.

Could also be rebranded as Premiair or a new name dont see ving or Spies as airline name
 
User avatar
Finn350
Posts: 1601
Joined: Tue Jul 09, 2013 4:57 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:28 pm

Strato2 wrote:
Apparently Thomas Cook Airlines Scandinavia will also fly normally tomorrow.


There is a Thomas Cook Airlines Scandinavia flight HEL-TFS scheduled at 7.00 tomorrow morning. According to FR24 it has been cancelled. Difficult to know why FR24 shows it as cancelled. Have they changed to a different airline?
 
tofen
Posts: 35
Joined: Sun Feb 15, 2009 8:25 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:33 pm

fessor wrote:
tofen wrote:
kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.

That is very good news!
Lets hope that at the end of this we will "only" have lost Thomas Cooks UK while the rest of the group survives and gets on their feet again.
I'd image the Thomas Cook brand will disappear however. Condor could survive as it is in Germany while the Scandinavian airline will be rebranded as Ving or Spies.

Could also be rebranded as Premiair or a new name dont see ving or Spies as airline name


A return of the Premiair brand would be amazing! I'd love for that to happen.
But I wonder if they would really introduce (or re-introduce) yet another brand on a market where they already have very segregated branding. I'd think it would make more sense to try to strengthen one of the already used brands by applying it to the airline as well.
 
Someone83
Posts: 4904
Joined: Sun Sep 17, 2006 5:47 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:34 pm

fessor wrote:
tofen wrote:
kanye wrote:
A bit of good news. Thomas Cook Scandinavia will operate again tomorrow. According to Ving Sverige Facebook page.

That is very good news!
Lets hope that at the end of this we will "only" have lost Thomas Cooks UK while the rest of the group survives and gets on their feet again.
I'd image the Thomas Cook brand will disappear however. Condor could survive as it is in Germany while the Scandinavian airline will be rebranded as Ving or Spies.

Could also be rebranded as Premiair or a new name dont see ving or Spies as airline name


In Scandinavia the various Thomas Cook entitites has always been branded with their old names: Ving, Tjæreborg and Spies. However, the actual airline, which is just part of the business, is using the Thomas Cook (Scandinavia) branding. Thomas Cook Scandinavia comes from the merger between Conair og Scandinavia and Scanair (SAS charter airline), with the Viking calsign coming from Conair AFAIK (?). They were first called Premiair, then MyTravel, and at the end Thomas Cook Scandinavia
 
User avatar
SASViking
Posts: 445
Joined: Mon Dec 05, 2011 12:06 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:37 pm

It has just been confirmed live on the News on national Danish TV (DR1) that Thomas Cook Airlines Scandinavia, together with Spies/Ving/Tjäreborg, will resume normal service from tomorrow, Tuesday September 24
Types flown: A319, A320, A32N, A321, A332, A333, A343, AT43, AT75, AT76, B717, B732, B735, B736, B737, B738, B752, B753, CRJ9, DC10, DH4D, DHC3, E135, E145, E175, E190, E195, F100, MD11, MD81, MD82, MD87, RJ1H
 
Cafe5150
Posts: 9
Joined: Mon Sep 23, 2019 4:58 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:40 pm

MAS8494 A380 transponder active at MAN. Getting ready for PMI.
 
Strato2
Posts: 557
Joined: Sat Sep 24, 2016 3:52 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:43 pm

Finn350 wrote:
Strato2 wrote:
Apparently Thomas Cook Airlines Scandinavia will also fly normally tomorrow.


There is a Thomas Cook Airlines Scandinavia flight HEL-TFS scheduled at 7.00 tomorrow morning. According to FR24 it has been cancelled. Difficult to know why FR24 shows it as cancelled. Have they changed to a different airline?


I think it now shows departing normally. :hyper:
 
IWMBH
Posts: 628
Joined: Tue Apr 17, 2018 5:01 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 7:53 pm

Neckermann (the Dutch division of Thomas Cook) just announced the cancelation of all the flights of tomorrow. The spokesman said: ''It is not bankruptcy, but financial inability''.

source in Dutch: https://www.rtlnieuws.nl/nieuws/nederla ... an-dinsdag
 
User avatar
GCT64
Posts: 1844
Joined: Sun Nov 04, 2007 6:34 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:18 pm

LGW has received the following today on CAA Thomas Cook repatriation flights:
2 x A320 Freebird
A320 Pegasus
A321 AtlasGlobal
B734 Electra
B763 Eastern
Flown in: A20N,A21N,A30B,A306,A310,A319,A320,A321,A332,A333,A343,A346,A359,A388,BA11,BU31,(..56 more types..),VC10,WESX
 
azz767
Posts: 150
Joined: Fri Jul 22, 2016 9:08 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:24 pm

There are a lot of aircraft operating under Titan callsigns in the repatriation operation
Privilege
Nouvelair
Avion
Smartlynx
GetJet
DAT
And more

Is this the CAA passing the hassle of organising the majority of the repatriation to Titan and paying them to do so? Why couldn’t they just go to the airlines themselves? Titan must be getting a good deal out of it going through that much hassle
 
tofen
Posts: 35
Joined: Sun Feb 15, 2009 8:25 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:35 pm

The Atlas 747 seems to have hit a snag on it's way back from MAN to MCO. It's currently doing circles just west of Ireland.
Must suck to be a TC customer stranded in MCO and then when there's finally hope of a ride home it get's hit with new issues.
 
Ronaldo747
Posts: 392
Joined: Sat Feb 14, 2009 4:58 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:50 pm

oschkosch wrote:
vfw614 wrote:
usflyer msp wrote:
Staff will be too highly paid for LH to be interested, so they areba liability and not an asset....


Literally, (part of) Condor staff is indeed an asset. There is reportedly a labour agreement with the cabin union UFO about preferential hiring of Condor cabin crew for LH if Condor fails or in case of mass layoffs. 2016 dated.
 
Sunbao
Posts: 23
Joined: Mon Sep 26, 2016 12:27 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:52 pm

So TC Northern Europe, is now back in the air with their own airline and has opened for sales again.
The crown jewel of TC is ready for sale to highest bidder.
 
Gingersnap
Posts: 910
Joined: Sun Aug 29, 2010 9:09 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 8:57 pm

tofen wrote:
The Atlas 747 seems to have hit a snag on it's way back from MAN to MCO. It's currently doing circles just west of Ireland.
Must suck to be a TC customer stranded in MCO and then when there's finally hope of a ride home it get's hit with new issues.


Looks to be headed back and descending west of Ireland. Possibly into SNN.
Flown on: A306 A319/20/21 A332 B732/3/4/5/7/8 B742/4 B752 B762/3 B772/W B788 C152 E195 F70/100 MD-82 Q400
 
mxaxai
Posts: 1986
Joined: Sat Jun 18, 2016 7:29 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:05 pm

GianiDC wrote:
I just landed in MUC and saw an Air Caraibes A333 parked on the ramp. Could this be sign for problems at Condor or is it coincidence?

Probably maintenance. LH Technik has a fairly large base in MUC.

phollingsworth wrote:
StdTank80002 wrote:
OA260 wrote:
Sky News reporting that PMI-MAN will operate at midnight. Also Thomas Cook clients that arrived yesterday/today are being kicked out of hotels they mentioned the Martinique Hotel Magaluf. Some guests have headed back to PMI as no accomodation.


I thought Atol protection stepped in here? They might have to move hotel but it will all be paid for.


It is supposed to, but that does not mean the hotel has to accept the CAA’s guarantee that they will be paid. Even the the CAA will be hard pressed to contact all the hotels right away.

I suspect that this is the reason why TUI and Condor are rejecting Thomas Cook customers at their home airport already. The flights are still operating but nobody knows whether the hotel will accept the guests.
 
guillelds
Posts: 72
Joined: Sat Aug 07, 2010 4:20 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:07 pm

Which one is the next? Yesterday, XL airways was the victim. Today's is Thomas Cook.. Tomorrow's Avianca?
 
mcogator
Posts: 554
Joined: Thu Jul 26, 2007 11:51 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:13 pm

egnr wrote:
Junglejames wrote:
Reports there was a Malaysian A380 at Manchester last night which took off back to Malaysia to recover passengers within minutes of the announcement.
Question. Is this true, and if so, what was a Malaysian A380 doing at Manchester?

Sent from my SM-G930F using Tapatalk


On Twitter it's reported as operating twice daily between Palma and Manchester to repatriate Thomas Cook passengers: https://twitter.com/airportnewsMAN/stat ... 39776?s=09

So who gets the F and J seats since Thomas Cook doesn't have any premium seating?
“Traveling – it leaves you speechless, then turns you into a storyteller.” – Ibn Battuta
 
Gingersnap
Posts: 910
Joined: Sun Aug 29, 2010 9:09 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:14 pm

N480MC diverting to SNN seems confirmed now. Unknown as to why.

Edit: reportedly a technical issue of sorts.
Last edited by Gingersnap on Mon Sep 23, 2019 9:21 pm, edited 1 time in total.
Flown on: A306 A319/20/21 A332 B732/3/4/5/7/8 B742/4 B752 B762/3 B772/W B788 C152 E195 F70/100 MD-82 Q400
 
ShamrockBoi330
Posts: 353
Joined: Fri Sep 21, 2018 3:28 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:17 pm

guillelds wrote:
Which one is the next? Yesterday, XL airways was the victim. Today's is Thomas Cook.. Tomorrow's Avianca?


Adria?
 
GianiDC
Posts: 179
Joined: Wed Dec 11, 2013 6:30 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:20 pm

mxaxai wrote:
GianiDC wrote:
I just landed in MUC and saw an Air Caraibes A333 parked on the ramp. Could this be sign for problems at Condor or is it coincidence?

Probably maintenance. LH Technik has a fairly large base in MUC.


I checked fr24 and it seems it was in the Hangar in ORY from the 13th to the 21st of September. It then made a test flight and today flew ORY-SXF-BIO-MUC under an TX flight number, the Code of Air Caraibes. Seems more like a charter then something connected to the TC/Condor tragedy.
 
cynlb
Posts: 76
Joined: Sat Jan 27, 2018 3:49 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 9:52 pm

 
Galwayman
Posts: 902
Joined: Fri Mar 10, 2017 10:20 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 10:24 pm

Seemingly thomas Cook hasn't paid some hotels at all this year - theres going to be a lot of economic suffering in lots of countries . such a disgrace
 
SkyVoice
Posts: 403
Joined: Tue Feb 14, 2017 9:34 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 10:26 pm

cynlb wrote:


Yes, it is. I couldn't watch all of it. God be with them all.
"Blessed is he who can laugh at himself, for he shall never cease to be amused."
 
Cafe5150
Posts: 9
Joined: Mon Sep 23, 2019 4:58 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 10:51 pm

Do the repatriation flights have any cabin crew or will it be just to get the people home?
And who's flying the remaining 450,000 affected people from other countries?
 
Haelr
Posts: 1
Joined: Mon Sep 23, 2019 10:50 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 10:55 pm

LGWGate49 wrote:
Does anyone know who is operating this tonight, with an MT flight number (Punta Cana - Manchester, MT2629)?

https://thomascook.caa.co.uk/customers/ ... september/


When I first checked, it appeared that the route would be operated by Titan but now FR24 has updated and is saying that Plus Ultra will be operating that route with one of their A340s.
Last edited by Haelr on Mon Sep 23, 2019 11:17 pm, edited 1 time in total.
 
User avatar
Acey559
Posts: 1394
Joined: Wed Jan 24, 2007 3:30 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:03 pm

Cafe5150 wrote:
Do the repatriation flights have any cabin crew or will it be just to get the people home?
And who's flying the remaining 450,000 affected people from other countries?


United is offering special fares to get people home. I didn’t look into the details, I just saw the headline on our employee intranet. I’m sure others are doing the same as well.
In Dixie Land I'll take my stand to live and die in Dixie.
 
Gulfstream500
Posts: 478
Joined: Sat Oct 20, 2018 2:30 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:21 pm

MIflyer12 wrote:
Gulfstream500 wrote:
Uck! Fares are going to go up even higher than before... as if losing WOW was enough!

Here’s who is left:
- Norwegian
- TAP Portugal
- WestJet (on a whole five destinations!)
- LEVEL (if Norwegian goes bust, they’ll get dissolved into Iberia, Aer Lingus, and BA)


Do you need somebody to explain market economics to you?

Thomas Cook went into administration because they ran out of money. On a long-term basis their fares and load factors didn't cover costs on the routes and frequencies they chose to fly!

If you don't want the market to set prices, routes and frequencies, who do you suggest do this? Are you aware of the scale of price declines seen in the U.S. and Europe two decades after deregulation of the industry?

Yes, removing capacity will allow average prices to go up. That will strengthen the balance sheets of remaining carriers and perhaps lessen the likelihood that one (or more) of them goes into administration, too. One would struggle to argue that a carrier the size of Thomas Cook Airlines (34 aircraft per planespotters.net), or WOW (23 aircraft) provides essential competition across Europe given the size of Ryanair (419 aircraft), Easyjet (165) or Wizz (108).


I did not claim a thing about economics, nor did I mention Ryanair in my post. Perhaps you should actually take some effort into reading the post, especially before you go trolling other a.netters.

Not once did I mention any word relating to profitability. The flight prices to KEF took off immediately after WOW went under, and I expect the same to happen with Thomas Cook’s focus cities.

Imagine if F9 decided to drop out of DEN (would not happen, but just for the sake of a point). The very next day, WN and UA would immediately hike their fares at DEN, and it would become crazy expensive to book. Well, that’s what will happen in TC’s largest cities.
So... when will the Northwest DC-9s be retired?
 
WingsOfLove
Posts: 223
Joined: Thu Mar 15, 2018 12:54 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:27 pm

Cafe5150 wrote:
who's flying the remaining 450,000 affected people from other countries?


Germany, TCG's 2nd largest market, has a mandatory 'insolvency insurance' for tour operators. The responsibility to bring people home remains with the bankrupt company.

None of the German subsidiaries filed today, but stopped selling and no doubt were busy organizing returns for their customers.
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:37 pm

Cafe5150 wrote:
Do the repatriation flights have any cabin crew or will it be just to get the people home?
And who's flying the remaining 450,000 affected people from other countries?

Yes, they have the cabin crew and pilots from the service providers. Depending on the arrangement with UK CAA I supposed, basic cabin service like sandwich, hot meals though it's rare and beverages. Really depend on which service provider you will get. That's as far as I know. Someone may have more info out there.
- Life is a journey, travel it well -
 
32andBelow
Posts: 5008
Joined: Mon Sep 03, 2012 2:54 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:38 pm

Cafe5150 wrote:
Do the repatriation flights have any cabin crew or will it be just to get the people home?
And who's flying the remaining 450,000 affected people from other countries?

It’s illegal to fly passengers without cabin crew. There can still be an emergency.
 
behramjee
Posts: 5103
Joined: Sat Aug 02, 2003 4:56 am

Re: Thomas Cook Bankruptcy Discussion Thread

Mon Sep 23, 2019 11:49 pm

Galwayman wrote:
Seemingly thomas Cook hasn't paid some hotels at all this year - theres going to be a lot of economic suffering in lots of countries . such a disgrace


I find this hard to believe that the hotels themselves would allow TC 9 months worth of credit so if this is indeed the case then the hotels are more to blame for dragging it too long !
 
B747forever
Posts: 13853
Joined: Mon May 21, 2007 9:50 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 12:29 am

cynlb wrote:


Heartbreaking to watch that :(

Anyone wishing another airline to go bust should watch this. Makes you realize that there are actually so many people that depend on these airlines. That is why I never understand all the hatred towards Norwegian and other airlines.
Work Hard, Fly Right
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 12:41 am

and what about Germany(Thomas cook Aviation) and Spain (Baelearis) units ? are they stil flying too ?
 
bamf777
Posts: 17
Joined: Sun Sep 30, 2012 8:05 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 1:09 am

B747forever wrote:
cynlb wrote:


Heartbreaking to watch that :(

Anyone wishing another airline to go bust should watch this. Makes you realize that there are actually so many people that depend on these airlines. That is why I never understand all the hatred towards Norwegian and other airlines.



I’m in tears watching that. Having landed at LGW today and seeing all the aircraft impounded on remote stands was incredibly emotional. Having worked for XL Airways, it was a real throw back and reminder to the emotions and distraught of losing my dream job 11 years ago.
Anyone who has lost a job will know the feeling.
I feel terribly for all the staff who clearly loved working for TCX.
I felt awful arriving for work at LGW yesterday, seeing the TCX crew and almost knowing it would be the last time they’d be turning up for work with Thomas Cook.
I feel for you all and wish you all the best.
It’s too soon to say “stay positive” but you will get through.
The future is yours and there are many opportunities out here.
Just remember the good times and the amazing people you’ve met, you’ll never forget x
The postings on this site are my own and don’t necessarily represent those of my employers positions, strategies or opinions
 
moa999
Posts: 965
Joined: Tue Mar 13, 2018 6:37 am

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 1:18 am

behramjee wrote:
Galwayman wrote:
Seemingly thomas Cook hasn't paid some hotels at all this year - theres going to be a lot of economic suffering in lots of countries . such a disgrace


I find this hard to believe that the hotels themselves would allow TC 9 months worth of credit so if this is indeed the case then the hotels are more to blame for dragging it too long !
Many of the third party hotels (ie non TC branded) where contracted through webbeds, a B2B platform by Australia's WebJet Limited (ASX:WEB) - they've announced a €30m exposure, and loss of about 4 times that in TTV (suggesting 90 day terms)
 
ltbewr
Posts: 15272
Joined: Thu Jan 29, 2004 1:24 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 1:32 am

At least unlike the USA, EU and UK citizen workers continue to have health care.
No doubt for many TC workers, they were living 'paycheck to paycheck' having to pay high rents for their residences and other high costs of living so losing their job is a big deal.
I wonder how much of TC's staff in the world were contract or via 3rd party companies?
 
gunnerman
Posts: 1146
Joined: Fri May 19, 2017 7:55 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 1:40 am

Here's a bit of good news: Virgin Atlantic has a job advertisement at their LHR and LGW bases only for TC cabin crew.
https://careersuk.virgin-atlantic.com/search-and-apply/cabin-crew-thomas-cook-cctc2019
 
Jetty
Posts: 1305
Joined: Wed Nov 11, 2015 12:27 pm

Re: Thomas Cook Bankruptcy Discussion Thread

Tue Sep 24, 2019 1:46 am

Cafe5150 wrote:
And who's flying the remaining 450,000 affected people from other countries?

That’s up to the originating countries, although it’s a British company the British take no responsibility for non-British customers whatsoever.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos