Thomas Cook failure spurs UK to act on airline insolvency
Thomas Cook Group's dramatic collapse appears to have jolted the UK govt into rethinking the way airline failures are handled. The inability to use Thomas Cook's dormant aircraft for the 'Operation Matterhorn' repatriation programme seems to have spurred the govt to act on measures recommended in an airline insolvency review conducted after the Monarch Airlines failure in Oct 2017. That review, published in May this year, highlights particular difficulties in the UK with using fleets from a carrier in administration to repatriate customers, and recommends development of a special administration regime which would support such a measure. "There seems to be a very strong desire across [parliament] to do something with [the insolvency review]," said transport secretary Grant Shapps. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-27/unaligned/thomas-cook-failure-spurs-uk-to-act-on-airline-insolvency
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Thomas Cook failure spurs UK to act on airline insolvency
Thomas Cook Group's dramatic collapse appears to have jolted the UK govt into rethinking the way airline failures are handled. The inability to use Thomas Cook's dormant aircraft for the 'Operation Matterhorn' repatriation programme seems to have spurred the govt to act on measures recommended in an airline insolvency review conducted after the Monarch Airlines failure in Oct 2017. That review, published in May this year, highlights particular difficulties in the UK with using fleets from a carrier in administration to repatriate customers, and recommends development of a special administration regime which would support such a measure. "There seems to be a very strong desire across [parliament] to do something with [the insolvency review]," said transport secretary Grant Shapps. <br/>
