Picture dated September 21st shows a Thomas Cook plane 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 f
Picture dated September 21st shows a Thomas Cook plane 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: 5760px × 3840px
Location: Stansted Essex
Photo credit: © Geoffrey Robinson / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: administration, agent, airbus, aircraft, airport, company, cook, holidays, landing, operator, plane, stansted, thomas, tour, travel
