The 178-year-old company is racing to secure £200m of funding in the hope of averting a disaster that would leave more than 150,000 holidaymakers stranded.
And everyone on the GOP Right BITCHED when President Obama saved our auto industry. Hummmmm
Blocked by the EU?
Thomas Cook is no bank, its customers are the 1%!
Not the governments problem I’m afraid. Piss poor management and business strategies by Thomas Cook are to blame.
Any news would likely be announced via the RNS to the Stock Exchange first in the morning.
I believe EU rules would ban such bail outs.
Gov never bailed out XL, Globespan or Monarch... My fingers are crossed they sort a deal.
MP'S must have shares in them.....wouldn't care otherwise
They over trade on the back of suppliers credit and keep heading for the iceberg instead of dropping anchor and re planing ,anyway thought Thomas cook was bought by a German company a while back so why not ask their government for help ?
Why didn't Thomas Cook sort this out years ago by selling off the parts of Thomas Cook that were losing them money instead of waiting till now and expecting a bail out of maybe 200 mill maybe things wouldn't be so bad now if they sorted it out maybe 3 or 5 years ago
Will the overpaid Thomas Cook executives be held to account for failure?
I hope they keep going. Very sad for all the employees. Not forgetting people who booked their holidays.
If a privately held family business asked for a bail out from the tax payer what would be the answer? If they asked their bank for an extra loan what would be the answer? Will the CEO of TC walk away with all their pay and straight into another role?
It is a shareholding company why should taxpayers bail it out?
The EU forbids national government bail outs.... sorry
It emerged on Friday that Thomas Cook made an 11th-hour appeal for a justice league bail-out
EU laws prevent it.
Why would the tax payer want to invest in a holiday company? Thomas Cook is bankrupt. Another zombie bites the dust. QE moral hazard will bankrupt them all in the end.
Difficult for U.K. government to agree to fund saving a company with more international European customers than Brits these days.
If they bail out Thomas Cook then they should do the same for Sirius
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