Thomas Cook only had cash until October 4, according to ‘Financial Times’

United Kingdom tour operator Thomas Cook only had liquidity until October 4, as evidenced by the insolvency documents prepared by the company to which the British newspaper ‘Financial Times’ has had access. At the end of September, the travel giant had to face payments equivalent to 500 million pounds (456.79 million euros) to associated hotels […]

The United Kingdom guarantees to the protected hotels the payment by the clients of Thomas Cook

The Civil Aviation Authority of the United Kingdom (CAA) has sent a letter to all hotels that house clients protected by ATOL, a proprietary system that guarantees customers that their money is protected, assuring them the payment from arrival date to departure Travelers protected by ATOL receive a certificate as part of the reservation process. […]