Thomas Cook holiday makers "held hostage" by hotels.

Lets hope none of the local Beach Gunmen are about ...

Thomas cook reps on there way....Hope they have wheelbarrow of cash !

This is how it will be post Brexit !!!

The tour operator could go into administration this weekend, which would leave 150,000 Brits stranded abroad, while the firm also employs 9,000 people in the UK.

Thomas Cook confirmed it is seeking £200 million in extra funding to prevent it from going into administration.

It hopes the threat to the UK public will help it secure taxpayer money but this is looking unlikely, the Times reports.

The newspaper said the government was concerned the company was not viable in the long term.

The 178-year-old firm has suffered recently as a result of mounting debts, reporting a £1.2 billion net debt in its half-year results in May.

wILL GO bust
Tomorrow morning


Expect Saga to be a major beneficary of its
collapse

Brexit will get the blame for it all does not matter the buisness model is about 20 years
out of date,any job in customer service is underthreat as the young only do everything on phone
I not have long let in my job due to internet,and know driverless cars,trains etc no jobs for anybody soon
except arse wipe to the rich and famous.

Where does all the money go?

They've raked in billions from idiot holiday makers over the years and yet they haven't a "pot to p*** in" all of a sudden?

Who is stealing all the money?

firms worth 69 million on current share price and wants to borrow 200 million just to get by, anyone who thinks its worth saving might as well wait and buy it for a knicker sometime soon

another ponzi  scheme next years booking,s pay for this years holidays

Tunisia Holidays 2019 / 2020 | Thomas Cook
Search domain www.thomascook.com/holidays/tunisia/https://www.thomascook.com/holidays/tunisia/
Holidays in Tunisia. A land bursting with souks and spices amidst desert dunes. A place for romantics, beach-lovers, barterers and adventurers, this sun-kissed land entices and delights many people for many reasons. The Romans loved it, and so do we, and it's not hard to think why with our great selection of Tunisia holidays.                                                            Romantic beach lovers best keep tight to the barterers and adventurists imo.

I thought TC were owned by german banks.

The future of Thomas Cook is hanging in the balance amid last minute negotiations to save the holiday firm from collapse.

The Civil Aviation Authority has aircraft on standby in case the tour operator falls into administration.

The BBC understands that those aircraft are now being flown to destinations so that British tourists can be brought home on Monday if necessary.

The CAA is "very prepared", a source told the BBC.

Thomas cook gatwick departure flights been stopped from 11pm tonight...... fear the worst

busto

terrible news ....???..i thought they had gone with pan's people and chicken in a basket .

statement due after 2 am... from civil aviation authority

The company will enter administration when the stock markets open at around 8am today.

Last-minute talks to try and save the world's oldest travel firm failed last night as more than 600,000 Thomas Cook customers were on trips abroad, according to reports.

One report claimed it could take up to two weeks to repatriate all affected British tourists in a repatriation plan - dubbed Operation Matterhorn - that is reported to have a potential cost of £600million.


As it stands 9,000 British employees are set to lose their jobs later today.....

Notices are being put on planes by airport authorities to say they are being ‘impounded’.....

The UK Civil Aviation Authority (CAA) said the tour operator has "ceased trading with immediate effect".

The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK.

It has also triggered the biggest ever peacetime repatriation aimed at bringing British holidaymakers home.

Company chief executive Peter Fankhauser – who has been paid £8.3 million since taking over the firm in 2014 – told staff he would not let the company 'fall over without a fight';

What has gone wrong?

Thomas Cook has become saddled with a £1.6 billion debt following years of mismanagement and over-expansion. It announced a £900 million rescue deal in July, led by its biggest shareholder, Chinese conglomerate Fosun, and other backers.

Why was it at risk of collapse?

The firm's lenders, led by Royal Bank of Scotland and Lloyds, say the company needed a £200 million loan to tide it over. The banks' patience was running thin, given that they had already given Thomas Cook a £675 million overdraft.

always wondered who gets the planes or are most of them leased,do they have a fire sale if no one takes them over

they are leased I read somewhere.

Hope they save the airline bit.  They were ok imo.

so the company that leases them must take a big hit,massive over capacity in industry so cant see anyone queuing up to take up the slack

they will lease them easily because of the boeing 737 max issues.

Makes me laugh when they say "1000s of holiday makers left stranded"

Yeah, because the planes that were bringing them all back have collapsed as well

Its a holiday firm ffs, nothing to do with the planes that were picking them all up

Anything to make it a "big event" for the media

The holiday makers have already paid the holiday firm (Thomas Cook)

The holiday firm have already paid the leasing of the planes

The end

I can't believe in an "intelligent society" that people are still falling for media sensationalism at this point

As for refunds for already booked holidays they'll get that back, its called "insurance"

Absolutely ridiculous

Its the staff you need to feel sorry for here

Yet the media seem more interested in running off to holiday camps and asking people how their coping with not knowing when they will be coming home

I find it rather amusing, stuck and stranded in Majorca for a couple of hours is "not being able to cope"

Holiday makers on the news last night saying the hotel demanded money from them or get out.

It looked like the Las Vegas hotel in Salou.