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UPDATE 1-Thomas Cook owes Tunisian hotels 60 mln euros -minister

Mon, 23rd Sep 2019 12:32

(Adds quotes, background, context)

TUNIS, Sept 23 (Reuters) - Thomas Cook owes Tunisian hotels
60 million euros ($66 million)for stays in July and August,
Tourism Minister Rene Trabelsi told Reuters on Monday, adding
that 4,500 British Thomas Cook customers are still in the
country.

Tourism is a vital sector for Tunisia's economy and a key
source of foreign currency, and the government had expected
another 50,000 Thomas Cook customers to visit this year, he
added.

"I will have a meeting on Tuesday with the British Embassy
in Tunisia and the hotel owners to see how debt could be
redeemed," Trabelsi said.

The collapse of Thomas Cook, one of Britain's oldest
companies, has stranded more than half a million tourists around
the world. It ran hotels, resorts and airlines for 19 million
people a year in 16 countries.

Britain's Civil Aviation Authority (CAA) said the government
had a fleet of planes ready to bring home British customers over
the next two weeks and they should not go to the airport until
they had been informed they were due on a return flight.

The British regulator is also contacting hotels hosting
Thomas Cook customers to tell them that they will be paid by the
government, through an insurance scheme.

Some British tourists said a hotel in Tunisia briefly
stopped them leaving on Saturday night, demanding they settle
bills that Thomas Cook owed for their stay. The Tunisian
government said it was a misunderstanding.

Major European tour operators only started to return to
Tunisia last year after militants killed 39 tourists, mostly
British, in an attack on a beach in Sousse and 21 people in the
Bardo National Museum in the capital Tunis.

Tourism accounts for around 8% of Tunisia's economy and
employs 400,000 people. It had expected to receive a record 9
million tourists by the end of 2019 after recovering from the
impact of the 2015 attacks.

($1 = 0.9103 euros)

(Reporting by Tarek Amara; writing by Angus McDowall; editing
by Jason Neely and Louise Heavens)

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30 Sep 2019 09:43

Some Thomas Cook customers will wait 60 days for refunds - CAA

(Sharecast News) - Some Thomas Cook customers may have to wait for at least two months to receive a refund after the travel firm collapsed last week, the Civil Aviation Authority (CAA) said on Monday.

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24 Sep 2019 20:07

Germany to offer 380 mln euro bridging loan to Condor

BERLIN, Sept 24 (Reuters) - Germany has decided to guarantee a bridging loan of 380 million euros to Condor, the German airline owned by insolvent British travel operator Thomas Cook, Economy Minister Peter Altmaier said on Tuesday."Condor is a pr...

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24 Sep 2019 18:38

RPT-German govt, Hesse line up bridge loan of nearly 400 mln euros for Condor - sources

BERLIN, Sept 24 (Reuters) - The German government and state of Hesse want to jointly support Condor, the German airline owned by insolvent British travel operator Thomas Cook, with a bridging loan of almost 400 million euros, government sources t...

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24 Sep 2019 14:27

Thomas Cook collapse affects 53,000 British nationals in Spain - tourism minister

MADRID, Sept 24 (Reuters) - The collapse of British travel firm Thomas Cook has affected 53,000 Britons in Spain, Spanish Acting Tourism Minister Reyes Maroto told reporters on Tuesday.The ministry has been in touch with German and Swedish author...

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24 Sep 2019 12:18

UK accounting regulator mulls examining Thomas Cook failure

LONDON, Sept 24 (Reuters) - Britain's Financial Reporting Council said on Tuesday it was considering investigating the collapse of travel company Thomas Cook."In light of recent developments at Thomas Cook, we are considering whether there is any ...

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24 Sep 2019 10:09

UPDATE 1-Windfall for investors that bet on Thomas Cook collapse

(Adding details throughout)LONDON, Sept 24 (Reuters) - A panel of bankers has ruled that some investors in Thomas Cook's credit derivatives worth as much as $2.7 billion are eligible for a payout following the world's oldest tour operator's collap...

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24 Sep 2019 09:33

Berlin to decide on loan for Thomas Cook's Condor within next days - Minister

BERLIN, Sept 24 (Reuters) - The German government will decide within the next coming days on whether to offer financial support to Condor, the German airline owned by insolvent British travel operator Thomas Cook, German Economy Minister Peter Al...

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24 Sep 2019 09:21

Investors that bet on Thomas Cook collapse will get paid out - panel

LONDON, Sept 24 (Reuters) - A panel of bankers has ruled that some investors in Thomas Cook's credit derivatives worth as much as $2.7 billion are eligible for a payout following the world's oldest tour operator's collapse on Monday, according to...

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24 Sep 2019 08:23

UK says bailing out Thomas Cook would have thrown "good money after bad"

LONDON, Sept 24 (Reuters) - The British government decided there was no point bailing out Thomas Cook as it would have been a waste of taxpayers' money to throw good money into a business that was not meeting the needs of its customers, the busine...

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24 Sep 2019 06:59

UPDATE 2-After Thomas Cook collapse, UK PM asks why bosses got paid millions

* Johnson questions bosses' pay ahead of collapses* Johnson says taxpayer has had to foot the bill* British state decided not to bail out Thomas Cook* UK plans to fly 135,300 people back, 16,500 people today (Recasts with Johnson)By Kylie MacLellan ...

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24 Sep 2019 06:59

UPDATE 3-After Thomas Cook collapse, UK PM asks why bosses got paid millions

* Johnson questions bosses' pay ahead of collapse* Johnson says taxpayer has had to foot the bill* British state decided not to bail out Thomas Cook* UK plans to fly 135,300 people back, 16,500 people today (Adds business secretary, customer comment...

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24 Sep 2019 06:59

UPDATE 1-UK plans to fly 135,300 people back after Thomas Cook collapse

(Adds details)LONDON, Sept 24 (Reuters) - Emergency flights brought 14,700 people back to the United Kingdom on Monday after the collapse of travel firm Thomas Cook, and around 135,300 more are expected to be returned over the next 13 days, Britai...

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24 Sep 2019 06:45

Thomas Cook Airline In Nordic Region To Resume Flights

Thomas Cook Airline In Nordic Region To Resume Flights

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24 Sep 2019 06:38

Thousands Of Thomas Cook Customers Flown Home Amid Anger Over Bonuses

Thousands Of Thomas Cook Customers Flown Home Amid Anger Over Bonuses

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23 Sep 2019 20:49

Thomas Cook's Nordic unit to carry on after parent company's collapse

OSLO, Sept 23 (Reuters) - Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.Hundreds of thousands of holidaymakers were stranded by the col...

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