The insolvent British travel group Thomas Cook is breaking apart. With two days of delay, the German subsidiary had to login to their inability to pay. For affected holidaymakers but there is hope.
“The German Thomas Cook companies on 25. September 2019, a bankruptcy petition is filed,” reports Thomas Cook Touristik GmbH on their website. Two days after the British parent company, the German subsidiary of the money went. One is forced to take this step “” to the “financial linkages and Contingencies,” to the insolvent parent group to solve it.
About 140,000 tourists are currently with the company brands Thomas Cook, Neckermann, Öger Tours, Air Marin, Bucher Reisen on-the-go. “We could have avoided this judicial step, of course, prefer, but, unfortunately, had negotiated a short-term solution,” said Stefanie Berk, Chairman of the management Board of Thomas Cook GmbH. Expected to this Wednesday, should be used by the court of an “experienced Restrukturierer” to the realignment of the business and accompany in the course of insolvency proceedings leading to.
Screenshot thomascook.de Wednesday lunch
Rehabilitation through a court procedure
The goal of a rehabilitation is “the most profitable, but even more by the weak business of Thomas Cook in the UK and the Brexit charged the German operator independently to continue,” said the Thomas Cook GmbH in the Hessian Oberursel. “The extremely positive Feedback from our conversations of the last few days makes us very confident that the traditional brands, Neckermann Reisen, Öger Tours, Bucher Reisen get the Chance to again soon in the usual way on the market to be active.” The German Thomas Cook in Germany has around 2000 employees.
As the holiday airline Condor, the Thomas Cook GmbH had submitted a request for a bridging loan with the Federal government. While Condor was awarded on Tuesday evening, the promise of a guarantee of 380 million, gave it to Thomas Cook so far, no decision. The organizers had stopped the sale of new trips on Monday.
Holidaymakers should be protected
Vacationers from the tour operator Thomas Cook at the airport of Crete
The affected package holidays of Thomas Cook Germany should now focus on the insolvency of the insurer Zurich. “The DRV, it was confirmed that the Zurich insurance takes over the costs for Thomas Cook Germany and service providers such as Hotels and airlines in the agreed services”, stated from the German travel Association DRV. Hotels in the tourist areas would, therefore, have no reason, vacationers, out of fear of payment to ask for the difficulties of the tour operator to the cashier. The insolvency of the insurer is also obliged the travelers to bring back.
Holiday airline Condor can hope for after the insolvency of the parent company, Thomas Cook, thanks to a 380-million-Euro loan from the state to the rescue. The Federal government and the state of Hesse had given the Airline a six-month bridging loan. With the so-called mass loans holiday flyer also gets financial, to solve may of the British parent company. The so-called rescue aid has to agree to the EU-Commission.
rb/ww (afp, dpa, rtr)