Thomas Cook Has Plans For Safer Holiday Return22/09/2019
Thomas Cook is the most popular name among many holiday seekers. The most popular high street is struggling to manage for further bail-outs. The total amount for the bail outs are £200m to stay secure in the business.
There are chances that the 178 years old travel business likely to collapse anytime soon. Once, Thomas Cook collapse you will no longer able to book for your holiday.
However, there are currently 150,000 British people on holiday. In case they are not stranded, the travel service provider has an alternative plan.
Meanwhile, travellers are not stranded during their holiday, it has emergency rescue planes as a standby option. According to The Guardian reports.
Also, the company is seeking further help from the government to accelerate its rescue plan.
On the other hand, the government is willing to provide its utmost support, to rescue the company in a last bid.
As, the company is under ATOL protection, government will spend £600m for safer repatriation of British Citizens.
This will help to return travellers enjoying holiday different parts of the world, will return safely. There is absolutely nothing to panic about once they are on holiday.
We have previously discussed, where you are on holiday or already booked your holiday with the company. Your investment is totally safe, even if the company collapse at event.
As, once you book for a holiday with different travel agencies. It comes up with an ATOL protection.
You are also eligible for a compensation even if a company collapses.
The company currently has 21,000 employees different parts of the world and 9,000 in UK. There also 544 nationwide travel agents.
There are also chances of a job cuts if the company become failure to manage its rescue bids anytime soon.
Previously, UK’s largest online hotel booking chains Laterooms and Superbreak went under administration.