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Thomas Cook

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Community Veteran
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Registered: ‎21-03-2011

Re: Thomas Cook

I was reading on Bloomberg this afternoon that two Hedge Funds will gain £250 Million by having betting on the failure of Thomas Cook. One of those was involved (and resisting) the rescue package. Combined with the executives it seems that travellers still have to be wary of pirates.

Now Zen, but a +Net residue.
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Aspiring Legend
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Registered: ‎04-11-2014

Re: Thomas Cook

I fail to understand if this press report is true, why these guys walk away with so much money. 

CE Peter Fankhause who announced that the firm was done and dusted, sails away from this almighty storm with £8.3million in his back pocket.

Pirates indeed.

 

 

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Seasoned Pro
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Re: Thomas Cook


@Minivanman wrote: ....Pirates indeed

 


Looks like gross mismanagement if not fraud.  At least the humble employees, still have their pension, unlike Captain Bob and MGN

 https://socialistworker.co.uk/art/10987/Robert+Maxwell%3A+who+backed+the+man+who+stole+the+pensions

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Aspiring Champion
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Re: Thomas Cook


@MisterW wrote: Whilst they're doing that they may as well get people who booked flight only back as well. For any of those who paid with a CC them the CAA will get money back from the CC company

And the one's that paid by debit card? I really cannot see why the government is helping people that didn't bother with insurance of any kind. You take the risk. It's not as if its the NHS etc. What next? Free repairs for people whose house gets flooded. I just see a bottomless pit of our money going out.

 

I got caught in the Monarch collapse a couple of years ago and successfully got the CC company to pay for flights home and a refund for a future booking. Took a couple of months though...

Why the long wait? It should be instant payout. We seem to have a different system in operation to what goes on in Germany.  "A German government official said that compulsory insurance should cover most German travellers if they were stranded abroad, Reuters reports." Which is how it should be in my book.

Ever helpful. Grin Sure, I’d love to help you out. Now which way did you come in?
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Superuser
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Re: Thomas Cook

Why the long wait?

In my case I flew out the day before the collapse and wasn't due to return for 3 weeks. So by the time I got home and started the claim I was behind lots of other claims. Also my cc company tried to claim that I should have used the caa repatriation service rather than arrange my own flights back. I had to inform them that it was ONLY available to people who were DUE to fly home in the 2 weeks after the collapse, and it took a couple of terse exchanges of letters ( and a copy of the email i was sent by the caa ) to convince them! After that they paid up pretty promptly

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Hero
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Re: Thomas Cook

The media report that the bill is footed by the taxpayer; I thought travel companies funded the ATOL scheme set up after the much publicised collapse of Clarksons Holidays in the 1970s.

One thing I learned from Martin Lewis recently is that you only need to pay part of something on CC to be able to claim a full refund.

I understand Thomas Cook staff at various holiday resorts continued to report for duty, and did what they could to help their customers.

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Re: Thomas Cook

Have I got this right and slightly away from getting our stranded folks back home, but I'm sure I've read that those MPs scuttling back to Parliament after shooting off earlier than expected to their holiday in the sun, are having their return fares for themselves and their partners paid in full by the taxpayer? 

They were first told no, then told maybe, them someone rolled over and said OK then.

OK for some it seems Crazy2

  

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Re: Thomas Cook

This seems to it, but is it fake news?

UPDATE: IPSA have now u-turned on their opposition to paying for MPs to come back from abroad – having sent an email to MPs saying not only will they pay for MPs coming back from abroad, but for their spouses and partners too. Now seems a bit overly generous…

@GuidoFawks

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Re: Thomas Cook

If i’d been called back to work unexpectedly then I would have expected my employer to pick up all out of pocket expenses.

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Re: Thomas Cook

@Champnet 

Indeed, but only if you were officially away on prearranged/prebooked 'holiday' and they were not, and I was making a comparison between members of parliament and the public.

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Registered: ‎25-07-2007

Re: Thomas Cook

OK, on a different note living not far from the HQ, where over a 1000 persons have been made redundant, I'm amazed at the amount of help and advice being offered from Businesses, large and small, local Communities and even individuals.

 

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Hero
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Re: Thomas Cook

The MPs had just come back from their summer holidays, and since a majority of them opposed the prorogation and those who didn't, wanted it in order to prepare for the next session etc., would it not be reasonable to expect them to remain either in London or in their constituencies?  And as for the taxpayer paying for the entire family's return, it would seem nothing was learnt from the expenses scandal some ten years ago.