Thomas Cook still not out of the woods...

[Warkman58]

Just a heads up.
Most news centres are saying this weekend that Thomas Cook are not yet safe from collapse

They have secured another week to get the two thirds if debtors to accept the deal from the Chinese.

bmmagazine/news/ci...cook-collapse/

Whatever hapoens the CAA will have a repatriation plan if the airline goes bust

[Sweets]

And here I am about to book 👀

[darsch1982]

I think this is just more scaremongering they have nothing better to talk about! Thomascook are still recruiting and also they have FOSUN who is behind them

[Miss_Shell]

Please dont worry people unnecessarily. If you book, make sure you are protected. Get the right insurance and pay on a credit card

[Picklepuppy]

They’ll be fine and don’t need posters like this scaremongering. I wouldn’t hesitate to book with them

[Quensabob]

This is old news it was on here on Friday, the document that Sky received was from the end of August! Its just Thomas Cook trying to get the deal finalised by the end of September, certain parties are trying to delay the deal going through so they have gone to court to stop it being delayed.
Its defiantly not a done deal yet, but I don't think its as bad as Sky are trying to make out,a bit of scaremongering I feel!

[scottsman]

the debtors won't want the company to collapse while a possible buyer is in the pipeline
if a buyer come in they will get most if not all their money but to quote the link

In a court filing last month, AlixPartners said Thomas Cook’s lenders, which include Lloyds Bank, could receive just 13.2% of the £875m they are owed should the company collapse.

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it's all posturing to scare debtors into backing the merger

[Quensabob]

Originally Posted by scottsman

the debtors won't want the company to collapse while a possible buyer is in the pipeline
if a buyer come in they will get most if not all their money but to quote the link



it's all posturing to scare debtors into backing the merger

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They are trying to get the bond holders on side, they have the final say, they would be crazy to vote against the deal they will lose millions its all business tactics!
Fosun say they are still very committed to the deal!

[Kraken]

Whilst I have no choice but to fly with Virgin Atlantic, I'd not be in too much of a hurry to book with Thomas Cook (or Norwegian for that matter).

People said Monarch would not go under - they did & the CAA had to flick the switch on the repatriation plan they'd had in place for a while.

Flybe went under & were bought out by a consortium led by Virgin Atlantic.

Even BA could not keep their low-cost operation going years ago - Go ended up being sold to easyJet after about 4yrs of flying.

It's cut-throat times in the airline industry. Make sure you have suitable insurance in place and pay at least £100 of the deposit on a credit card so you have Section 75 cover if the carrier folds.

[Quensabob]

Originally Posted by Kraken

Whilst I have no choice but to fly with Virgin Atlantic, I'd not be in too much of a hurry to book with Thomas Cook (or Norwegian for that matter).

People said Monarch would not go under - they did & the CAA had to flick the switch on the repatriation plan they'd had in place for a while.

Flybe went under & were bought out by a consortium led by Virgin Atlantic.

Even BA could not keep their low-cost operation going years ago - Go ended up being sold to easyJet after about 4yrs of flying.

It's cut-throat times in the airline industry. Make sure you have suitable insurance in place and pay at least £100 of the deposit on a credit card so you have Section 75 cover if the carrier folds.

See more...

Monarch however didn't have a buyer willing to pay half a billion pounds to have a 75% share though!
I for one even though i am fully covered by both credit card and end supplier failure insurance, hope Thomas Cook survive, small uk businesses are what keeps virgin and Ba from putting their prices through the roof! I also think they are an excellent company!