Hundreds of thousands stranded around the globe as the world’s oldest travel firm Thomas Cook collapses by kholtonreuters
) collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
The liquidation marks the end of one of Britain’s oldest companies that started life in 1841 running local rail excursions before it survived two world wars to pioneer package holidays and mass tourism. “I would like to apologize to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years,” Fankhauser said in a statement.Pictures posted on social media showed Thomas Cook planes being diverted away from the normal airport stands. Some were left deserted once passengers and staff had departed. Employees posted pictures of themselves walking from their last flights.
The British regulator is also contacting hotels hosting Thomas Cook customers to tell them that they will be paid by the government, through an insurance scheme. That was after some were briefly held in a hotel in Tunisia when staff asked for additional payments to be made. In the longer term, it could also hit the tourism sectors in the company’s biggest destinations, such as Spain and Turkey, leave fuel suppliers out of pocket and force the closure of its hundreds of travel agents across British high streets.
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British travel firm Thomas Cook collapses, stranding hundreds of thousandsBritish travel firm Thomas Cook collapses, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history by kholtonreuters
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British travel firm Thomas Cook collapses, stranding hundreds of thousandsThomas Cook , the world's oldest travel firm, collapsed on Monday, strandin...
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Thomas Cook Shuts Down, Stranding Hundreds of Thousands of TravelersBritish travel company Thomas Cook said it has entered into compulsory liquidation and that all bookings, including flights and holidays, had been canceled—a shutdown affecting more than 600,000 global vacationers.
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British travel firm Thomas Cook collapsesThomas Cook, the world’s oldest travel firm, collapses, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history by kholtonreuters $TCG
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Roughly 600,000 travelers are stranded around the world after British travel provider Thomas Cook declared bankruptcy.The 178-year-old tour operator failed to secure a £200 million rescue on Sunday, leading it to suspend its flights and bookings.
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Travel group Thomas Cook battles for survival with final creditor meetingThe British government has plans in place to bring home stranded holidaymakers i...
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