थॉमस कुक सरकार से फंडिंग रेस में बेलआउट के लिए कहते हैं
Thomas Cook asks Government for Bailout in Funding Race
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 £100 Mil in extra Funds needed to secure its future.
If holidaymakers are hoping the Government will save the day, they may be disappointed.
A collapse would leave 140,000 UK holidaymakers stranded.
While a private sector deal may still be possible, the noises coming out of the Government at the moment suggested the UK taxpayer was unlikely to become Thomas Cook's saviour.
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 £500m.
In his blog, Simon Jack says the Government does not recognise the choice being presented as between spending £100m on a cash injection to save the company versus a £500m bill to repatriate UK holidaymakers. Government's understanding is that most Thomas Cook customers will be c overed by travel insurance or Atol protection - a Fund paid for through industry levies.
Government's previous refusal to offer assistance to companies like Carillion would make helping Thomas Cook very difficult in principle and in practice.
Furthermore, the matter is being handled by the Department for Transport - which organised the repatriation of customers of the failed airline Monarch - rather than the Department for Business, he adds.
There has been a shift in tone from Thomas Cook on Twitter, with worried customers being told to ignore media speculation on Friday.
Now they are being reminded they do have Atol protection "in the event that Thomas Cook goes into administration".
Travel expert Simon Calder said all Thomas Cook flights in and out of the UK were running normally on Saturday morning, and travel agencies would be opening at the usual times.
He said that while Thomas Cook remains a going concern - albeit in terrible trouble - there was very little anyone who was on a Thomas Cook holiday or has one booked in the coming days or weeks could do.
Anyone trying to cancel holidays could expect to be given short shrift and end up losing some or all of their money, he added.
Currently there are more than 500,000 Thomas Cook customers on holiday, of which 140,000 to 150,000 are British
Thomas Cook, one of the world's largest travel companies, was founded in 1840 to operate temperance day trips, and now has annual sales of £8Bn.
It employs 20,000 staff, 8,000 of those in the UK and serves 18 million customers a year in 15 different countries.
The TSSA union's general secretary Manuel Cortes told the that his members' "main concern was if they had a job on Monday morning".
Thomas Cook asks the British Government for a Bailout in Funding Race
Tour operator Thomas Cook has approached the government in an effort to bridge the gap in its funding.
The travel company can come into administration by the end of this week until it finds £ 100 in additional funds needed to secure its future.
If the government is hoping for the holidays to save the day, they may be disappointed.
The collapse would leave 140,000 UK holidaymakers stranded.
While a private sector deal may still be possible, the UK taxpayer at the moment suggested that Thomas Cook, the UK taxpayer, was unlikely to become the savior.
The troubled operator hopes to seal a rescue led by China's Fosun this week. But creditor banks issued a last-minute demand that the travel company get 200 pounds extra.
The Civil Aviation Authority is on standby with a repatriation contingency plan called Operation Matterhorn. The potential cost to bring home passengers is around £ 500m.
In his blog, Simon Jack says the government does not recognize the option presented between spending £ 100m on a cash injection to save the company versus a £ 500 bill to back the UK holiday. The government's understanding is that most Thomas Cook customers will be exterminated with travel insurance or atoll protection - funds paid through industry levies.
The government's previous refusal to support companies such as Carlin would make Thomas Cook very difficult to support in theory and practice.
In addition, the case is being handled by the Department of Transportation - which conducted the repatriation of customers of the failing airline Monarch - rather than the business department, he says.
A change has been made on Twitter by Thomas Cook, with worried customers being asked to ignore media speculation on Friday.
He is now being reminded that he has atoll protection "in the event that Thomas Cook goes into administration".
Travel expert Simon Calder said that all of Thomas Cook's flights into and out of the UK were operating as usual on Saturday morning, and travel agencies would be opening at normal times.
He said that while Thomas Cook remains a concern - in terrible trouble - there was very little anyone who was on Thomas Cook's leave or could book one in the coming days or weeks.
He said that anyone trying to cancel the holiday could be given less money and lose all their money.
There are currently over 500,000 Thomas Cook customers on holiday, of whom 140,000 to 150,000 are British
Thomas Cook, one of the world's largest travel companies, was founded in 1840 to operate Temperance Day Trips, and now has annual sales of £ 8 million.
It employs 20,000 staff, 8,000 people in the UK and serves 18 million customers a year in 15 different countries.
TSSA Union Secretary-General Manuel Cortes pointed out that his members "main concern was whether he got the job on Monday morning".
टूर ऑपरेटर थॉमस कुक ने अपने फंडिंग में अंतर को दूर करने के प्रयास में सरकार से संपर्क किया है।
ट्रैवल कंपनी इस सप्ताह के अंत तक प्रशासन में आ सकती है जब तक कि उसे अपने भविष्य को सुरक्षित करने के लिए आवश्यक अतिरिक्त फंड में £ 100 मिल नहीं लगता है।
यदि छुट्टियों के लिए उम्मीद कर रहे हैं कि सरकार दिन बचाएगी, तो वे निराश हो सकते हैं।
ढहने से 140,000 यूके छुट्टियों वाले फंसे रह जाएंगे।
हालांकि एक निजी क्षेत्र का सौदा अभी भी संभव हो सकता है, फिलहाल यूके के करदाता ने सुझाव दिया कि यूके करदाता थॉमस कुक के तारणहार बनने की संभावना नहीं थी।
परेशान ऑपरेटर ने इस सप्ताह चीन के फोसुन के नेतृत्व में एक बचाव सील करने की उम्मीद की। लेकिन लेनदार बैंकों ने एक अंतिम मिनट की मांग जारी की कि ट्रैवल कंपनी को 200 पाउंड अतिरिक्त मिलें।
नागरिक उड्डयन प्राधिकरण ऑपरेशन मैटरहॉर्न नामक प्रत्यावर्तन आकस्मिकता योजना के साथ स्टैंडबाय पर है। घर के यात्रियों को लाने की संभावित लागत लगभग £ 500m है।
अपने ब्लॉग में, साइमन जैक का कहना है कि सरकार ब्रिटेन के छुट्टियों को वापस करने के लिए 500 पाउंड के बिल बनाम कंपनी को बचाने के लिए नकद इंजेक्शन पर £ 100 मीटर खर्च करने के बीच प्रस्तुत विकल्प को नहीं पहचानती है। सरकार की समझ यह है कि ज्यादातर थॉमस कुक ग्राहकों को यात्रा बीमा या एटोल संरक्षण से खत्म कर दिया जाएगा - उद्योग लेवी के माध्यम से भुगतान किया गया फंड।
सरकार की कारलिन जैसी कंपनियों को सहायता देने के पिछले इनकार से थॉमस कुक को सिद्धांत और व्यवहार में बहुत मुश्किल मदद मिलेगी।
इसके अलावा, यह मामला परिवहन विभाग द्वारा संभाला जा रहा है - जिसने विफल एयरलाइन मोनार्क के ग्राहकों के प्रत्यावर्तन का आयोजन किया - व्यवसाय विभाग के बजाय, वह कहते हैं।
ट्विटर पर थॉमस कुक की ओर से एक बदलाव किया गया है, चिंतित ग्राहकों को शुक्रवार को मीडिया अटकलों को नजरअंदाज करने के लिए कहा जा रहा है।
अब उन्हें याद दिलाया जा रहा है कि उनके पास एटोल सुरक्षा है "इस घटना में कि थॉमस कुक प्रशासन में जाते हैं"।
ट्रैवल विशेषज्ञ साइमन काल्डर ने कहा कि यूके में और बाहर थॉमस कुक की सभी उड़ानें शनिवार सुबह सामान्य रूप से चल रही थीं, और ट्रैवल एजेंसियां सामान्य समय पर खुल रही होंगी।
उन्होंने कहा कि जबकि थॉमस कुक एक चिंता का विषय बना हुआ है - भयानक परेशानी में - बहुत कम कोई था जो थॉमस कुक की छुट्टी पर था या आने वाले दिनों या हफ्तों में एक बुक कर सकता था।
उन्होंने कहा कि छुट्टियों को रद्द करने की कोशिश करने वाले किसी भी व्यक्ति को कम पैसे दिए जा सकते हैं और अपने सभी पैसे खो सकते हैं।
वर्तमान में छुट्टी पर 500,000 से अधिक थॉमस कुक ग्राहक हैं, जिनमें से 140,000 से 150,000 ब्रिटिश हैं
थॉमस कुक, जो दुनिया की सबसे बड़ी ट्रैवल कंपनियों में से एक है, की स्थापना 1840 में टेम्परेंस डे ट्रिप्स को संचालित करने के लिए की गई थी, और अब £ 8 मिलियन की वार्षिक बिक्री है।
यह ब्रिटेन में 20,000 कर्मचारियों, 8,000 लोगों को रोजगार देता है और 15 विभिन्न देशों में एक वर्ष में 18 मिलियन ग्राहकों की सेवा करता है।
टीएसएसए संघ के महासचिव मैनुअल कॉर्टेस ने बताया कि उनके सदस्यों की "मुख्य चिंता यह थी कि क्या सोमवार सुबह उन्हें नौकरी मिली थी"।
Thomas Cook asks Government for Bailout in Funding Race
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 £100 Mil in extra Funds needed to secure its future.
If holidaymakers are hoping the Government will save the day, they may be disappointed.
A collapse would leave 140,000 UK holidaymakers stranded.
While a private sector deal may still be possible, the noises coming out of the Government at the moment suggested the UK taxpayer was unlikely to become Thomas Cook's saviour.
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 £500m.
In his blog, Simon Jack says the Government does not recognise the choice being presented as between spending £100m on a cash injection to save the company versus a £500m bill to repatriate UK holidaymakers. Government's understanding is that most Thomas Cook customers will be c overed by travel insurance or Atol protection - a Fund paid for through industry levies.
Government's previous refusal to offer assistance to companies like Carillion would make helping Thomas Cook very difficult in principle and in practice.
Furthermore, the matter is being handled by the Department for Transport - which organised the repatriation of customers of the failed airline Monarch - rather than the Department for Business, he adds.
There has been a shift in tone from Thomas Cook on Twitter, with worried customers being told to ignore media speculation on Friday.
Now they are being reminded they do have Atol protection "in the event that Thomas Cook goes into administration".
Travel expert Simon Calder said all Thomas Cook flights in and out of the UK were running normally on Saturday morning, and travel agencies would be opening at the usual times.
He said that while Thomas Cook remains a going concern - albeit in terrible trouble - there was very little anyone who was on a Thomas Cook holiday or has one booked in the coming days or weeks could do.
Anyone trying to cancel holidays could expect to be given short shrift and end up losing some or all of their money, he added.
Currently there are more than 500,000 Thomas Cook customers on holiday, of which 140,000 to 150,000 are British
Thomas Cook, one of the world's largest travel companies, was founded in 1840 to operate temperance day trips, and now has annual sales of £8Bn.
It employs 20,000 staff, 8,000 of those in the UK and serves 18 million customers a year in 15 different countries.
The TSSA union's general secretary Manuel Cortes told the that his members' "main concern was if they had a job on Monday morning".
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