Thomas Cook collapsed – grounded 117 aircraft – 21,000 unemployed..


178 year-old British tour operator Thomas Cook has ceased trading and cancelled all the booking on 23 Sept, after the company failed to secure rescue funding. The Civil Aviation Authority (CAA) of UK announced the firm’s collapse early Monday and working to accommodate Thomas Cook travelers who are currently abroad on an “ATOL protected package holiday” More than 600,000 vacationers had booked through the company. Thomas cook group’s airlines, Thomas Cook Airlines UK, Thomas Cook Airlines Balearics, Thomas Cook Airlines Scandinavia, Condor and Thomas Cook Aviation, grounded all their fleet of 117 aircraft, and 21,000 employees in 16 countries will be left unemployed. Thomas Cook Airlines was established in 2003 after being renamed from the former JMC Air. The airline operated an ‘all Airbus fleet’ operating the Airbus A321 and Airbus A330. Thomas Cook Airlines Balearics were established in 2017 after the acquisition of Thomas Cook Airlines Belgium to Lufthansa. The airline operated 6 Airbus A320-200 aircraft and operate in the United Kingdom and Germany. Thomas Cook Airlines Scandinavia, previously known as MyTravel Airways A/S until their parent’s merger with Thomas Cook AG is a Scandinavian airline that operated flights from Denmark, Norway and Sweden to worldwide destinations. The airline operated the Airbus A321-200, Airbus A330-200 and Airbus A330-300. Condor Flugdienst is a German carrier who were established in 1956 being previously a fully owned subsidiary of Lufthansa operates a mixed fleet of both Boeing and Airbus aircraft. They operate their short/medium aircraft with the Boeing 757–300, Airbus A320-200 and Airbus A321-200 and their long haul fleet with the Boeing 767. Thomas Cook Aviation – In January 2018 AB Aviation GmbH received the approval for the Air Operator’s Certificate (AOC). The company was later renamed to Thomas Cook Aviation (TCN). The Headquarters of Thomas Cook Aviation is based at Frankfurt Airport, directly next to the Condor Headquarters. Thomas Cook Aviation operates Airbus A321-200 from Düsseldorf and Leipzig for Condor. Last week, the debt-laden company filed for Bankruptcy protection in U.S with the anticipation of securing 200 million pounds ($250 million) to avoid collapse. Chinese shareholder of the company Fosun Group said it would inject £450 million ($560 million) into the business, but refused to add another £200 million to a £900 million loan it provided. In May this year, the company reported a loss of 1.25 billion pounds and blamed Brexit uncertainty for the loss and uncertainty of the company. 


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