The UK expects to spend £100 million flying back stranded Thomas Cook passengers, which is only £50 million less than bailing out the company

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The collapse of Thomas Cook group leaves 600,000 people stranded, and the UK is launching a massive effort to get 150,000 British people home.

The UK government rejected a £150 million deal to bail out travel company Thomas Cook, this weekend. The failure of talks led to the struggling company declaring bankruptcy. As a result, UK officials are organizing return travel for 150,000 British people, which is estimated to cost around £100 million. 600,000 people are stranded around the world. The UK is chartering planes to bring the British ones home, a huge operation expected to last two weeks.

The UK government rejected a £150 million deal to bail out travel company Thomas Cook, this weekend. The failure of talks led to the struggling company declaring bankruptcy. As a result, UK officials are organizing return travel for 150,000 British people, which is estimated to cost around £100 million. 600,000 people are stranded around the world. The UK is chartering planes to bring the British ones home, a huge operation expected to last two weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

techinsider Are the owners linked to 10, Downing Street? 😝😝😝

You do not know that. Anyway they're asking for £200m, not £150m as far as I'm aware.

bail out the company.

Australia Australia Latest News, Australia Australia Headlines