UK travel firm Thomas Cook holds talks to avoid a collapse

22 Septembre, 2019, 16:16 | Auteur: Anatole Charbonneau
  • Thomas Cook passengers were stranded at Antalya Airport Turkey when their aircraft developed a fault

They need a £200m cash injection to survive.

Tony (27) said they did not know whether to try and scramble together enough money to book new flights, with the wedding party all due to be flying out on different days.

"From what we gathered; it has to do with the owner of the hotel".

"Martine is picking up her dress on the day we're meant to fly out".

Without it, the company could be forced into administration, causing major concern for those who have booked trips with them and those mid-way through their breaks.

Her daughter Amy, 24, told Sky News it would be "life-threatening" and "could even be fatal" if her mother missed her heart medication.

"I have tweeted and emailed them but not heard anything back".

The pair, from Newcastle, grew anxious after hearing about Thomas Cook's struggles and feared the Monday flight would never take place.

A spokesperson from Thomas Cook said: "We are aware that a small number of customers were asked to pay for their hotel room before leaving Les Orangers in Tunisia yesterday".

If the company goes bust 1,200 city jobs could be left at risk.

Among those attending will be the firm's biggest shareholder along with creditors.

Thomas Cook passengers were stranded at Antalya Airport Turkey when their aircraft developed a fault
Thomas Cook passengers were stranded at Antalya Airport Turkey when their aircraft developed a fault Credit Beka Whitelaw

The UK operator is seeking $250 million in emergency funding and reports also indicate it has approached the government for financial support.

But sources said Thomas Cook presents an "unprecedented" challenge because it is a larger operator and runs package holidays.

Many tourists are refusing to cough up as they have already paid Thomas Cook for the holiday, leading to a stand-off.

"The Thomas Cook rep is here as well and we are all trying to sort things out with the hotel, but they are just not interested. I'd describe it as exactly the same as being held hostage", Mr Farmer told BBC Five's Stephen Nolan Show.

The Transport Salaried Staffs Association, which represents workers at the debt-laden company, said Saturday that the government should be ready to assist with "real financial support".

General Secretary Manuel Cortes called for an urgent meeting with Business Secretary and South Northamptonshire MP Andrea Leadsom.

Britain's Thomas Cook Group Plc has approached the United Kingdom government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on Friday.

"The company must be rescued no matter what".

Thomas Cook India is a completely different entity post the acquisition in August 2012 and the United Kingdom operator does not hold any stake in the company in India, he said.

"Refusing to do so is ideological shortsightedness; the Government faces a simple choice between a £200 million government cash injection to save the company now versus a £600 million bill to repatriate United Kingdom holidaymakers".

It should maintain a remaining disaster assembly this morning to discover a solution to plug the £200 million gap in its funds at metropolis legislation agency Slaughter & Might.

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