Thomas Cook Collapses, Possibly Liquidating

Here is a number of news reports on the recent news. 

"Thomas Cook, a 178-year-old British travel company and airline, declared bankruptcy early Monday morning, suspending operations and leaving hundreds of thousands of tourists stranded around the world. The travel company operates its own airline, with a fleet of nearly 50 medium- and long-range jets, and owns several smaller airlines and subsidiaries, including the German carrier Condor. Thomas Cook still had several flights in the air as of Sunday night but was expected to cease operations once they landed at their destinations." - Insider

"The UK's Civil Aviation Authority (CAA) is co-ordinating the repatriation, the biggest in peacetime, after the tour operator "ceased trading with immediate effect". Thomas Cook's administration puts 22,000 jobs at risk worldwide, including 9,000 in the UK. Boss Peter Fankhauser said the collapse was a "matter of profound regret". Thomas Cook, whose roots go back to 1841, went bust after last-ditch talks to raise fresh funding failed. The BBC understands the government was asked to fund a bailout of £250m, which was denied." - BBC

Bosses took “serious” payouts from Thomas Cook - DailyMail