Thomas Cook’s Collapse Prompts UK's Largest Repatriation | Aviation International News

Thomas Cook’s Collapse Prompts UK's Largest Repatriation

German airline subsidiary Condor continues operating during the Thomas Cook bankruptcy, and it is seeking a government-backed bridging loan.

Thomas Cook's airline division operated a combined fleet of some 100 airplanes, including 27 Airbus A321s at Thomas Cook Airlines UK. (Photo: Thomas Cook Group)

By Cathy Buyck • Contributor - Europe

September 23, 2019

Thomas Cook Group filed for bankruptcy early Monday morning after talks with Chinese shareholder Fosun, banks, and creditors over the weekend failed to secure final terms on the recapitalization and reorganization of the 178-year-old travel company. The total effect of Thomas Cook’s demise remains unclear, but reportedly it has left some 600,000 travelers around the world stranded. The group reported revenue of £9.6 billion last year and sold holiday packages to some 11 million customers and flights to 20 million customers. Its airline division—comprising Thomas Cook Airlines UK, Condor in Germany, Thomas Cook Airlines Scandinavia, and Thomas Cook Airlines Balearics in Malaga, Spain—has a combined fleet of around 100 aircraft.

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