Member Info for Quisty

Did you have to pay for your flights back?

how was the repatriation manchego?

PF in The Times blaming the banks, what a joke, the same banks that have kept him afloat so far
he clearly still doesn't get it

They kept on spending investing in hotels , doing business deals and advertising in UK (wonder if they paid for those?)

Wrong Pearls Fosun were also getting cold feet. UK GOV said in HoC that it was inevitable the company would fail and that even if there was a bailout we would end up repatriating further down the line.
The European TC arms will also go to the wall within next 6 months, they have a lifeline to find a buyer (which may happen)
Air Berlin were give a loan in the same but they went tits up
The correct decision has been made

This company was burning money by the day. It is disgusting that it was allowed to continue the past 12 months. But as this Board probes people do not understand financials and bang on about 'too big to fail' and the 'brand'.
If the UK GOV paid up £200m it would have lasted 2 weeks and then more would have been begged for. It would have ended up costing the taxpayer more and more. And in the end there would still be a repatriation.
Well done UK GOV.

the buck stops with BOD, short sellers were not in any way responsible for the huge amount of debt or collapse

Agree Pokerchips all involved are best off out of this basket case and useless BOD, look forwards to see what action UK Gov take, questions due in Parliament today (am sure clueless MP's will be asking why more money wasn't added to the bonfire PF was building)

also there is still the intangibles which of course are now worth zilch , thats another £3billion i think even after the write down
outrage , hopefully the useless audit prfoession will get another bashing

makes sense though as the current debt number is before they pay all their suppliers who clearly they haven't yet as the hotels are chucking customers out or making them pay again, am convinced that the money they were begging UK Gov for was just to pay wages and any payments due this money, hence this would continue every week going forward

seac what does that mean ? are they online?
the guy does not understand money

Germany gave Air Berlin similar thing it lasted a few more months

No taxpayer money for this basket case

well i said TC would go bust, Johnson would lose in court so 3 for 3 NO BREXIT???

maybe TUI may need em given the max 737 fiasco

what did Fosun say about why they were not stumping up the extra cash when they were prepared to pump another £450mill into what we already knew was a basketcase?? did the penny (£2billion) suddenly drop?

Have Fosun made a statement? They dodged a bullet
where is the neset fan club?

yeah spot on wolves at door demanding to be paid, clearly they couldn't even pay the pay bill it was that bad hence this weekend as that was due this week
what a way to treat staff

as i said at the time the airlines had no incentive to make decent offers as they knew it was highly likely that TC would go under and the slots would be up for grabs much cheaper
seeds of this were sown in the 90's withe internet, like print media, retail etc, BOD's refused to accept it
gives TUI a few more yrs though as the oldies still like packages

Agree and on BBC this am , Repatriation will cost taxpayer £40mill as ATOL picks up the rest
GOV would be bailing out this basketcase every month if it started
BOD was out nearly every week asking for another 100mill

bad things happening to Britain? maybe its because we voted to leave EU and destroy the country