British Airline Thomas Cook Collapses, Leaving Hundreds Of Thousands Stranded | Politics

FILE PHOTO: A Thomas Cook Airbus A330-200 aircraft prepares to take off from Manchester Airport in Manchester, Britain September 4, 2018. REUTERS/Phil Noble/File Photo


After 178 years of flights all around the world and after last-minute negotiations aimed at saving the company failed, the British travel group Thomas Cook has definitely collapsed on Monday.


This failure brings chaos to the British economy and to the global air traffic. Indeed, more than 800,000 British people had future bookings and the company had 9,000 employees in the UK, who risk suddenly losing their job. Their fear and anger could be summed up by the speech that a crew member gave after passengers banded together so they were paid for their final flight.


People, who have already bought a flight ticket, are now confused and worried about their trip, while The Civil Aviation Authority (CAA) will be launching a service to manage all refunds on Monday, 30 September.


The company’s chief executive Peter Fankhauser has confessed his deep sorrow: “We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook’s future for its employees, customers and suppliers.”


He continued: “Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable. I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years.”


More details will be shared soon.



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