Not quite right ... IIRC the Chinese takeover by FOSUN wasn't completed and was reliant on the additional £200 million. The point I was trying to make was
- Underwrite the £200 million
- Get someone to go through the books forensically
- If there's no future... stop taking bookings
- If there is a future then reorganise the company to face it.
- In the interim use the existing fleet and staff to bring all the holiday makers home .
- Instead the Government will have to shore Up the ATOL fund and pay exorbitant prices to other airlines to bring people back (like they did with Monarch - where all they had to do was underwrite the renewal of the CAA licence) at an anticipated cost of £600 million to the taxpayer.
Bearing in mind Thomas Cook have said a number of their problems are down to Brexit, give them another six months should see us through that.
But to do any of the above would take bravery and vision.