Tag: Thomas Cook

Condor Cleared to Reshape as Receives a €380 Million Rescue Loan

Reading Time: 1 minute The European Commission has approved plans to grant a €380 million loan to Condor, the German leisure airline and subsidiary of the now defunct Thomas Cook Group. Even after the insolvency of a parent group, Condor continued its flight operations according to the plan. Thus, the airline is interested in saving its “healthy business” and […]

The Immediate Aftermath of Thomas Cook Collapse

Reading Time: 1 minute Last week of September has brought some bad news for thousands of travellers. Especially for nearly 600,000 holidaymakers affected  by Thomas Cook insolvency. Over 150,000 British tourists have been left stranded all over the world. This, in turn, makes the UK deal with the biggest peacetime repatriation in its history. According to the UK Civil […]

JUST IN | Thomas Cook Collapses Leaving Over 150,000 Stranded

Reading Time: 1 minute Thomas Cook, a British tour operator, has filed for insolvency. After the Company’s stakeholders and proposed new money providers did not succeed in reaching mutual agreement, the company “had no choice but to take steps to enter into compulsory liquidation with immediate effect”. This failure is considered to be the biggest ever of the UK […]

Lufthansa Confirms Interest in Thomas Cook’s Condor

Reading Time: 2 minutes Lufthansa, the largest German airline, has made a non-biding offer for Thomas Cook’s airline Condor Germany, confirmed Lufthansa’s CEO during Lufthansa’s annual general meeting in Bonn. During the meeting of the management board it was also decided on the option to extend this bid to the remaining airlines of the British travel group. Thomas Cook […]

Thomas Cook Considers Selling its Airlines

Reading Time: 1 minute Thomas Cook, one of the world’s leading travel groups, announced a strategic review of its Group Airline in order to get greater financial flexibility and invest in its focus area – own-brand hotel portfolio. Selling the Group Airline could become one of the options. Group Airline consists of 4 airlines: Thomas Cook Airlines UK, Condor Germany, […]

Thomas Cook Boeing 757 Engine Shuts Down in Flight near Lanzarote

Reading Time: 1 minute A Thomas Cook Airlines Boeing 757-300,  performing flight  from London Gatwick to Arrecife with 284 people on board, had been enroute at FL350 and was descending towards Lanzarote/Arrecife when the crew received indication of the failure of one of the engines (RB211), declared emergency, shut the engine down and continued to Arrecife for a safe […]

Thomas Cook to Launch Spanish Subsidiary in Mallorca

Reading Time: 1 minute Thomas Cook Group Airlines has announced that it has applied for a Spanish Air Operator’s Certificate (AOC) for a new Mallorca based airline and plans to launch its new airline, Thomas Cook Airlines Balearics, from spring 2018. “With our new airline, we are able to counter seasonal fluctuations, plan more cheaply and offer our customers […]

Lufthansa Set To Land Air Berlin Assets

Reading Time: 2 minutes Germany’s Air Berlin filed for insolvency in August and its creditors are now discussing how to carve it up. Lufthansa is set to pick up a large part of insolvent rival Air Berlin, and easyJet is also still in the running for some assets, two sources familiar with the matter said. Air Berlin’s creditors met […]

Thomas Cook Launches Economy Plus

Reading Time: 1 minute UK leisure carrier Thomas Cook Airlines will launch Economy PLUS service on its short- and medium-haul flights from Nov. 1. The new product offering includes services such as priority boarding, an increased luggage allowance and complimentary drinks inflight. Economy PLUS will supplement Thomas Cook’s existing Economy fare, giving customers the option to add small, but […]

SmartLynx Signs Wet Lease Agreement With Thomas Cook

Reading Time: 2 minutes SmartLynx Airlines signed ACMI wet lease agreement with Thomas Cook Airlines. According to it SmartLynx leases to Thomas Cook Airlines two aircrafts A320, MSN 533 and MSN 1873 with Latvian Registration Marks YL-LCL and YL-LCO respectively. Aircraft YL-LCL will operate from base in Birmingham International Airport (BHX), England, and YL-LCO – from base in London […]