UK govt missed 'opportunity' to save part of Thomas Cook, MPs told

The govt failed to follow the advice of its own official report in dealing with the collapse of Thomas Cook, MPs have been told. Diana Holland, assistant general secretary at Unite, said the govt ignored recommendations from the Airline Insolvency Review, published in May, which would have allowed Thomas Cook to take part in the repatriation efforts, prevented such an abrupt end for staff, and may have allowed for a sale of the profitable airline division. The Airline Insolvency Report was commissioned by the govt in the wake of the collapse of Monarch Airlines in 2017. One of its key recommendations was legislation to “ensure an insolvent airline can continue flight operations for a short period after entering administration so that passengers can be repatriated using the airline’s own aircraft, people and systems.” <br/>
Yahoo Finance
https://uk.finance.yahoo.com/news/thomas-cook-unite-tssa-jobs-bailout-cost-125854172.html
10/22/19