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Old 21 Sep 19, 02:52 PM  
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#31
twogoto
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Following with interest as we're due out on Thursday. Did find a replacement package via BA for a similar price yesterday, but not sure wha t the price will be whenever (or if) any announcements are made. Fingers crossed all goes well and a deal is made to allow TC to keep trading. Hoping we can at least get out there on Thursday.
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Old 21 Sep 19, 03:03 PM  
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YorkshireT
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I read another article which said the board meeting now on Sunday.
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Old 21 Sep 19, 03:04 PM  
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#33
bennyboy0751
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Originally Posted by YorkshireT View Post
I read another article which said the board meeting now on Sunday.
it would make sense they cant keep burying their heads
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Old 21 Sep 19, 03:10 PM  
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twogoto
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If that's the case then at least we should hopefully know one way or another soon. If the meeting is on Sunday, is an announcement expected midnight Sunday or into Monday?
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Old 21 Sep 19, 03:16 PM  
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KarenG
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Originally Posted by bennyboy0751 View Post
it would make sense they cant keep burying their heads
Hi, I don’t work for Thomas Cook but have worked for many years at the sharp end of credit management. I would really think they are desperately, desperately trying to find a way to raise funds to survive. It won’t be burying heads in the sand.

If they go into admin (which seems pretty likely) there are pretty much no winners. Creditors will get pennies on the pound and so on.

I really hope everyone involved in this (staff, travellers, everyone) isn’t too badly affected.
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Old 21 Sep 19, 03:25 PM  
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Sandraoh40
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I have a question.

If it is announced that TC has gone into administration , at what point would we book new flights? Is it something we would do straight away or do we have to wait for some official notification that our flights are cancelled.
I have never been in this situation before.
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Old 21 Sep 19, 03:29 PM  
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Pez01
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Originally Posted by Sandraoh40 View Post
I have a question.

If it is announced that TC has gone into administration , at what point would we book new flights? Is it something we would do straight away or do we have to wait for some official notification that our flights are cancelled.
I have never been in this situation before.
I was in this situation with monarch. I got online and rebooked new flights immediately. Within hours the prices had seriously increased. The moment they announce administration at that point the fleet will be grounded. I didn’t get any notification from Monarch - I got a letter from the administrators weeks later.
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Old 21 Sep 19, 03:30 PM  
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#38
Sandraoh40
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Originally Posted by Pez01 View Post
I was in this situation with monarch. I got online and rebooked new flights immediately. Within hours the prices had seriously increased. The moment they announce administration at that point the fleet will be grounded. I didn’t get any notification from Monarch - I got a letter from the administrators weeks later.
Thanks Pez,
I have been looking and have a few options. I’m sure it will all be fine.
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Old 21 Sep 19, 03:31 PM  
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Back in October 2017 when Monarch went bust, £60m of public money was used to get passengers back to the UK. Under the ATOL guarantee scheme, customers who bought a package holiday through Thomas Cook will be financially protected. Those with future bookings will be offered a full refund.
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Old 21 Sep 19, 03:31 PM  
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We’re due to fly out next month with Thomas Cook. We have been looking for new flights but can’t do anything until we hear something because we don’t have the money. We booked flights only and are not ATOL/ABTA protected. I think we are with insurance but if not, would we be able to claim Section 75 on a credit card as we booked with a credit card?
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