Flown to States lots of times with them not quite Virgin but ok especially after they did the aircraft up and like you say cheaper than most, it's a sad day for those employed by them. My daughter and son in law are due to fly back from Zante with them on Thursday maybe an extended break.Pity, because they were always one of the cheapest to get to America, direct. Not the best quality planes though, I found.
Pity, because they were always one of the cheapest to get to America, direct. Not the best quality planes though, I found.
We paid £1,500 to go to zante next july with them. Just found my certificate of Atol so we are protected but feel for all the staffFlown to States lots of times with them not quite Virgin but ok especially after they did the aircraft up and like you say cheaper than most, it's a sad day for those employed by them. My daughter and son in law are due to fly back from Zante with them on Thursday maybe an extended break.
The ATOL scheme only has £170 million in the bank and is still under pressure from the Monarch collapse. There isn't enough cash to bring everyone home so the Government will have to bail them out. Sooooo they could have 'underwritten' the £200 million to guarantee the company's future or fund the £600 million (of taxpayers cash) to bring the travellers home.
So they chose the latter ......... because ideology.
Conservatives eh. What are they like?
Sorry to hear that mate but it say's you'll get your money back within 2 months so you should be ok. Zante's a top island well worth a visit, like you say sad for the staff lets hope someone picks up the profitable bits so some jobs are saved.We paid £1,500 to go to zante next july with them. Just found my certificate of Atol so we are protected but feel for all the staff
The ATOL scheme only has £170 million in the bank and is still under pressure from the Monarch collapse. There isn't enough cash to bring everyone home so the Government will have to bail them out. Sooooo they could have 'underwritten' the £200 million to guarantee the company's future or fund the £600 million (of taxpayers cash) to bring the travellers home.
So they chose the latter ......... because ideology.
Conservatives eh. What are they like?
The ATOL scheme only has £170 million in the bank and is still under pressure from the Monarch collapse. There isn't enough cash to bring everyone home so the Government will have to bail them out. Sooooo they could have 'underwritten' the £200 million to guarantee the company's future or fund the £600 million (of taxpayers cash) to bring the travellers home.
So they chose the latter ......... because ideology.
Conservatives eh. What are they like?
The ATOL scheme only has £170 million in the bank and is still under pressure from the Monarch collapse. There isn't enough cash to bring everyone home so the Government will have to bail them out. Sooooo they could have 'underwritten' the £200 million to guarantee the company's future or fund the £600 million (of taxpayers cash) to bring the travellers home.
So they chose the latter ......... because ideology.
Conservatives eh. What are they like?
Who goes into a travel agents these days to book a holiday? 590 shops they had, need to move with the times or become obsolete fast.
I know some people can't help but turn this into a political argument but I'm not sure it's as simple as that. Weren't TC bailed out several months ago (by the Chinese IIRC)? For a company who posted half-yearly losses of £1.5 billion back in May, putting £200 million in more than likely just fills a big gaping hole for a while, before it all goes tits up again. With figures like that, you can't just keep throwing good money after bad.
I will add that I feel for everyone who is employed by them and for all those who have flights and holidays booked with them. I didn't realise flight only bookings aren't protected in the same way as holidays are. Hopefully everyone gets their money back, but even then it doesn't compensate for having your holiday cancelled when you've looked forward to it all year.
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.
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.
Oh if only it was that simple. What does the government do when Jet 2 say they are in financial trouble quickly followed by TUI ? do they then bail these companies out ? Thomas Cook has been poorly run for over 12 months, they are going under because of poor customer service, not keeping up with changing market place and poor business strategy in relation to destinations (Egypt and turkey being the obvious ones)
Just seen on the news that passengers on an overnight flight back from Vegas who all heard the news part way through their flight had a whip round for all the crew on that flight who understandably were devastated.
Nice to see these kind of gestures at a time of great anxiety for a lot of people
Which possibly explains why they're now out of business.Yep used them all the time to fly to Vegas now it's a more expensive Virgin :(
correct ^^^ previous CEOs have bled over 30 million from TCs accounts,these people should be jailed and have their assets frozen and sold off, so going bust becomes profitable for corporate greed if the government bail them outOh if only it was that simple. What does the government do when Jet 2 say they are in financial trouble quickly followed by TUI ? do they then bail these companies out ? Thomas Cook has been poorly run for over 12 months, they are going under because of poor customer service, not keeping up with changing market place and poor business strategy in relation to destinations (Egypt and turkey being the obvious ones)
Which begs the question.... how the fuck have they managed to get themselves into such a mess? Trying to run 590 high street stores in this day and age certainly can't have helped matters!They adopt the same approach ... fund the airline until such time as everyone is back home ... stop lining the pockets of other companies using taxpayers cash .
They just announced on BBC News that they had 500,000 of forward bookings.