Chief executive Peter Fankhauser said it was a matter of “profound regret” that the company had gone out of business after it failed to secure a rescue package from its lenders.
“I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years, ” Fankhauser said in a statement released in the early hours of Monday morning.The government and aviation regulator said that due to the scale of the situation some disruption was inevitable.
Pictures posted on social media showed Thomas Cook planes being diverted away from the normal stands, and being deserted as soon as they had landed. In the longer term it could also hit the economies of its biggest destinations, such as Spain and Turkey, leave fuel suppliers out of pocket, and force the closure of its hundreds of travel agents across British high streets.
i always thought Thomas Cook was a bank? don’t they used to issued Thomas Cook cheque?
jezlai see this is how it works. A company fails it fails. NoBailout
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