All Thomas Cook Airlines articles
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NewsThomas Cook failure crippled passengers' protective trust fund
Leisure firm Thomas Cook Group’s collapse resulted in a £481 million drain on the protective Air Travel Trust Fund, leaving the fund with sparse resources, a UK National Audit Office investigation states. While the Civil Aviation Authority expects the fund to remain in surplus, the investigation points out that it ...
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NewsPoor prospects for Thomas Cook Group creditor dividends
Liquidators of Thomas Cook Group have warned that most of the company’s divisions are unlikely to return a dividend to creditors following its collapse in September. The official receiver says that the group collapsed with around £9 billion ($11.6 billion) in total liabilities. Source: Peter MacDiarmid/Shutterstock UK package ...
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Jet2 buys Thomas Cook slots at trio of UK airports
UK budget airline Jet2 has purchased slots previously by defunct leisure operator Thomas Cook at Birmingham, Manchester and Stansted airports.
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EasyJet picks up Thomas Cook slots at UK airports
UK budget carrier EasyJet has picked up several slots at London Gatwick and Bristol airports from the liquidators of collapsed leisure firm Thomas Cook Group.
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Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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AnalysisWhich markets has the fall of Thomas Cook impacted
September’s collapse of Thomas Cook Group in the UK provides a further competitive shift in the crowded dynamic on key European leisure markets.
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AnalysisAirlines still feeling heat in European leisure market
The collapse of Thomas Cook, XL Airways France and Aigle Azur in the space of a month marks a further reminder of the pressures faced by European carriers operating in the leisure market.
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Thomas Cook executives grilled over UK airline sale
Former Thomas Cook Group chief executive Peter Fankhauser has told a UK cross-party parliamentary select committee that interest in the tour operator's UK carrier waned as the European air transport industry came under financial pressure.
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UK sets out plans to overhaul airline insolvency process
New UK legislation is to be put forward to reform the airline insolvency process in order to protect and repatriate passengers more effectively, as well as enhance regulatory oversight of airlines in distress.
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TUI assures on business model as it expands operations
Leisure firm TUI Group is assuring that it will not suffer the fate of rival Thomas Cook Group, insisting that its business model is strong and that it has evolved away from being a traditional tour operator.
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UK travel agent Hays picks up Thomas Cook outlets
Collapsed leisure firm Thomas Cook Group's UK retail operations have been acquired by Hays Travel, which claims to be the country's largest independent travel agent.
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Final flights wrap up Thomas Cook repatriation programme
Final flights for the Thomas Cook Group repatriation programme are due to land on 7 October, 14 days after the leisure firm collapsed.
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Maintenance arm among Thomas Cook casualties
Thomas Cook’s aircraft maintenance division has not been spared even the temporary reprieve experienced by the engineering arm of Monarch Airlines.
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Ryanair in talks with lessors to introduce ex-Thomas Cook A320s
Ryanair is negotiating with leasing companies affected by Thomas Cook’s demise to take over several Airbus jets for use by its Austrian subsidiary Lauda.
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NewsInvestigators start probe into Thomas Cook auditing
UK financial investigators have initiated a probe into the auditing of Thomas Cook Group’s last full-year financial statement, following the collapse of the leisure company in September.
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Thomas Cook failure spurs UK to act on airline insolvency
Leisure giant Thomas Cook Group’s dramatic collapse appears to have jolted the UK government into rethinking the way airline failures are handled.
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German and Polish tour operators fall after Cook failure
Several Thomas Cook Group companies in Germany have newly filed for insolvency following the collapse of the main UK company on 23 September.
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UK transport secretary defends rejecting Thomas Cook bailout
UK transport secretary Grant Shapps has defended the government’s decision not to fund a possible rescue of Thomas Cook Group, but has stressed that options need to be examined in order to avoid the problems of a sudden airline failure.
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AnalysisWhy Thomas Cook's UK fleet stayed grounded
One of the more frustrating aspects of the Thomas Cook Group failure has been the necessity of creating, at short notice, a major UK carrier to repatriate customers, while the leisure company’s fleet remained dormant.
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German aid to Condor incenses UK pilots
German carrier Condor’s escape from the impact of parent Thomas Cook Group’s insolvency has ignited fury from UK pilot representatives.