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

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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.

 

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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.

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