The insolvency of the oldest tour operator in the world, attracting more and more circles and also applies to German companies and tourists. The Bust have a historical Dimension, my some observers.
The Bankruptcy of the British tour operator Thomas Cook is for the economy of Greece “the most powerful blow since the financial crisis,” wrote on Tuesday, the Athens financial newspaper “Naftemporiki”.
The liberal business daily “Hospodarske noviny” from the Czech Republic attracts the same historical Parallel: “The world of the old economy, which was based on shops and trying to sell a entire service as a package, has been hit with a blow. The end of Thomas cook’s could be for the travel industry to a similar icon as the overthrow of the US Bank Lehmann Brothers in 2008, for the financial sector.”
“The largest recall action in times of peace”
The government in London is struggling, meanwhile, to solutions for the on your vacation places fixed Thomas-Cook-customer. A total of about 135.300 British tourists are to be in the next 13 days flown home. On Monday already 14.700 stranded vacationers had been brought back, the flight authority in London on Tuesday.
Together with the government and the aviation companies worked around the clock on contingency plans to support the largest recall action in times of peace. For Tuesday, there are 74 flights were scheduled to fly back to the 16,500 holidaymakers.
In the case of most of the aircraft of Thomas Cook, the doors remain closed, and passengers on the ground.
Broken Wedding
Up to 600,000 tourists are stranded after the group was high, went in debt in the knee. Among them is an Englishman who bears the same name as the company: Thomas Cook is. He now has to cancel his wedding.
Cook and his girlfriend actually want to get married next Friday on the Greek island of Rhodes. You are already with her two small daughters, but many of the guests not to, reported the “Nottingham Post”.
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Shock for leisure: Thomas Cook operation
About half of the wedding guests had booked according to information of the couple with the travel group Thomas Cook. Moreover, they would have ordered there myself for a full wedding package including the ceremony, decorations, flowers and entertainment. “Thomas Cook has promised to us because of my Name in for a Surprise – but this is not the Surprise, as expected,” said Cook. No one can tell you whether the wedding takes place or not.
Relaxation in Scandinavia
In spite of the bankruptcy of Thomas Cook Scandinavian airlines “Thomas Cook Airlines Scandinavia has taken” flight operations again on Tuesday. The first flight from Helsinki to Tenerife from Gothenburg to Palma de Mallorca were lifted in the Morning, informed a spokesman for the Thomas-Cook-daughter of Ving the German press Agency.
Ving had informed late Monday night that the flight operating on Tuesday should run. The Thomas Cook group, including Tjaereborg, Globetrotter and Spies was also true for other Scandinavian daughters. Because they were independent and profitable parts of the group, you could put “with the help of our banks, creditors and Guarantors to continue the business,” said the managing Director of Thomas Cook Northern Europe, Magnus Wikner.
The will for competition is expensive
The insolvency hits in the UK, customers of the main competitors of Tui. British Tui travellers, the to 31. October were booked on flights with Thomas Cook Airlines, they could not take their journey, said a Tui spokesperson on Tuesday in Hanover.
For already-traveled customers, whose flights to be cancelled due to the insolvency, would substitute flights offered. Tui is working on measures to support, the group announced the submission of its booking figures for the summer season.
Tui is also expected after the Bankruptcy of arch-rival Thomas Cook with a headwind on the travel market. The outer stress factors Brexit, Oversupply of flights, and the ban on flights for the Boeing aircraft the 737 MAX has continued in fiscal year 2020, explained Tui CEO Friedrich Joussen on Tuesday. Nevertheless, Tui reiterated its full-year forecast, which foresees a decline in adjusted operating income of 26 percent compared to the 1.18 billion euros in the previous year.
Wait for the bridge loan
The German holiday airline Condor has made its more upright. All flights would be carried out as planned, a company spokesman said on Tuesday. Special Teams answered at the airports, the passengers ‘ questions.
At the same time, the Management of speech, with all of its suppliers and partner companies, in order to keep his machines in the air. Because of the insolvency of the parent company, Thomas Cook, Condor had requested a bridging loan from the Federal government. It is, however, not yet decided. Yet it is also open whether there is a Investor who could take over the society with its 4900 employees may from Thomas Cook.
Air Ber lin, the German broke plane to suddenly serve from giutes Example.
Test under “high pressure”
The Land of Hessen, in the Condor headquarters, is ready to help the of the bankruptcy of Thomas Cook concerned Airline Condor with a million credit: “We have a tried and tested method in such constructions. The Federal government takes half and the countries concerned to take the other half,” said Hesse’s Finance Minister Thomas Schäfer (CDU) on Tuesday in the Hessischer Rundfunk.
It should work on the 200 million euros, which are currently in the conversation, then to Hesse would take over 100 million euros, said Schäfer. The Federal Ministry for economic Affairs, had declared on Monday that it is examining the application of Condor “under high pressure”.
The Minister is alarmed
Economy Minister Peter Altmaier has announced a decision by the Federal government on a bridging loan “in the next few days” – so the politicians in Berlin on Tuesday on the sidelines of an industry conference.
Altmaier said the difficulties had arisen due to the insolvency of the parent company, Thomas Cook. “There is no house-made problems.” It was received a few days ago, applications for bridging loans. However, it is important to use the normal procedures.
The applications would be examined in Accordance with the Federal budget code. His Ministry was in close contact with the financial – as well as the Ministry of transport.
dk/hb (dpa,rtr, afp)