Calis Beach and Fethiye Turkey Discussion Forum

Turkey Related Subjects => Turkey Discussion Forum (Not Calis specifically) => Topic started by: KKOB on September 19, 2019, 20:58:33 PM

Title: Thomas Cook on the edge of collapse ?
Post by: KKOB on September 19, 2019, 20:58:33 PM

Travel firm Thomas Cook has been hit with a last-minute demand to find £200m in extra funding in order to secure its future.

The troubled operator hoped to seal a rescue led by China's Fosun this week.

But Thomas Cook's banks are insisting the cash-strapped travel firm must come up with the new contingency funds, in case it needs extra finance to draw on during the winter months.

Without the rescue, the firm is likely to collapse.

https://www.bbc.co.uk/news/business-49761464

Title: Re: Thomas Cook on the edge of collapse ?
Post by: steveb1 on September 20, 2019, 08:04:48 AM

Hope there still in business on the 27th sept I’m going back to uk  with them 😂🤣

Title: Re: Thomas Cook on the edge of collapse ?
Post by: badger on September 20, 2019, 08:56:28 AM

Fingers crossed for you Steve,l heard on the news it could be the biggest airlift since the 2nd WW  :(

Title: Re: Thomas Cook on the edge of collapse ?
Post by: KKOB on September 20, 2019, 09:53:12 AM

Quote from: steveb1 on September 20, 2019, 08:04:48 AM

Hope there still in business on the 27th sept I’m going back to uk  with them 😂🤣

It doesn't look too promising. Sunday 22nd is the deadline apparently.

Title: Re: Thomas Cook on the edge of collapse ?
Post by: RichardF on September 20, 2019, 11:55:31 AM

We have friends who are flying to Dalaman with them on Sunday, they're just hoping to get there and then worry about return if and when it happens

Title: Re: Thomas Cook on the edge of collapse ?
Post by: KKOB on September 20, 2019, 11:58:28 AM

To be honest, if I was in their situation, I'd do the same.

Title: Re: Thomas Cook on the edge of collapse ?
Post by: steveb1 on September 21, 2019, 20:55:47 PM

Not worried will just sit in the villa for an extra week or so till we can get more flights .
I feel sorry for the people who have come out on a holiday spent most of there money enjoying themselves.
And having to explain to there firms. And paying for extra hotel accommodation Ect .     

Title: Re: Thomas Cook on the edge of collapse ?
Post by: marina on September 21, 2019, 21:55:43 PM

I feel rather sorry for the 9000 plus people employed by Thomas Cook who will no longer have a job if they collapse.   :-\

Title: Re: Thomas Cook on the edge of collapse ?
Post by: Scunner on September 21, 2019, 22:28:44 PM

Not just that - the thousands of hotels who have loyally served TC who get paid all they are owed at the end of the season - or not, as it appears it might be. A crushing blow to firms in Calis, Turkey and beyond.

Title: Re: Thomas Cook on the edge of collapse ?
Post by: marina on September 21, 2019, 22:37:14 PM

Yes, of course, all those too Scunner. The repercussions will be massive and don't bear thinking about really.

Title: Re: Thomas Cook on the edge of collapse ?
Post by: RichardF on September 22, 2019, 14:12:42 PM

My friends made it, flight delayed due to bad weather at Manchester but at least they got away. Now to enjoy 2 weeks in Calis whilst keeping one eye on the TC situation.

Title: Re: Thomas Cook on the edge of collapse ?
Post by: KKOB on October 02, 2019, 14:03:38 PM

Turkey’s Tourism Advisory Council said on Tuesday that the British travel company Thomas Cook owed Turkey’s local sector an estimated amount of more than 350 million euros ($381.08 million), Reuters reported.

https://ahvalnews.com/tourism/turkeys-tourism-sector-owed-nearly-400-million-collapsed-travel-giant-council

Title: Re: Thomas Cook on the edge of collapse ?
Post by: Menthol on October 03, 2019, 21:37:34 PM

That is going to collapse some Turkish businesses. Awful news.