Picture dated September 21st shows Thomas Cook passengers checking in at Stansted Airport on Saturday company could fall into administration this weekend. Tour operator Thomas Cook has approached the government in an attempt to plug a gap in its funding. The travel company could fall into administration this weekend unless it finds £200m in extra funds needed to secure its future. A collapse would leave 150,000 UK holidaymakers stranded. The troubled operator hoped to seal a rescue led by China's Fosun this week. But the creditor banks issued a last-minute demand that the
Picture dated September 21st shows Thomas Cook passengers checking in at Stansted Airport on Saturday company could fall into administration this weekend. Tour operator Thomas Cook has approached the government in an attempt to plug a gap in its funding. The travel company could fall into administration this weekend unless it finds £200m in extra funds needed to secure its future. A collapse would leave 150,000 UK holidaymakers stranded. The troubled operator hoped to seal a rescue led by China's Fosun this week. But the creditor banks issued a last-minute demand that the travel company find an extra £200m. The Civil Aviation Authority is on standby with a repatriation contingency plan called Operation Matterhorn. The potential cost of bringing home passengers is put at about £600m.
Size: 4032px × 3024px
Location: Stansted Essex
Photo credit: © Geoffrey Robinson / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: administration, agent, airbus, aircraft, airport, checking, company, cook, holidays, landing, operator, plane, stansted, terminal, thomas, tour, travel
