UK launches massive tourist airlift after Thomas Cook collapse

The UK govt deployed the “largest repatriation in peacetime history” to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of Thomas Cook Group. The massive airlift, using chartered jetliners, follows the collapse of the 178-year-old company early Monday after eleventh-hour fundraising talks with investors failed. The move saw bookings, flights and package tours canceled, sparking online panic for travellers and prompting a plunge in Thomas Cook bonds. The govt said it would work to return vacationers over the next 2 weeks in an exercise dubbed Operation Matterhorn. The rescue will cost about US$93m, about 50% more than the UK spent to bring home travellers affected by the demise of Monarch Airlines 2 years ago. <br/>
Bloomberg
https://www.bloomberg.com/news/articles/2019-09-23/thomas-cook-files-for-bankruptcy-after-bailout-talks-fail
9/23/19