Tuesday, September 24, 2019

Thomas Cook in Liquidation

Thomas Cook, the UK's oldest travel agency has collapsed and called in the UK liquidator. This is big news  because they employ 21,000 people and have left 150,000 stranded around the world. Apparently, the UK government will not put money  in to save the company but is arranging to get the stranded passengers home. They are covered by ATOL so customers should not lose money or be stranded. There are also over 1,000,000 future bookings that will not be honored, but they should get their money back. This is a tragedy, worst of all for the staff that who are mainly modestly qualified, have a mortgage, car loans, credit card debts, and children, most probably won't get another job and so are likely to lose their chattels. Yet travelers complain about the inconvenience to them, many of them who traveled after the news was breaking about a problem being likely and imminent

Why are the UK government, the taxpayer funding the ~£250,000,000 to repatriate the stranded tourists when they are members of ATOL? what's the point of ATOL protection if it doesn't cover this?

I guess the environmentalist are delighted. Should we ban all flights ✈, monster  truck  festivals, and people traveling to football ⚽ matches? Eat bugs, live in the dark to save the planet  for the ungrateful grandchildren. Obviously celebrities, royalty and footballers ⚽will still use private jets ✈️

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