Thomas Cook: Insolvency

(asked on 2nd October 2019) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, how much money he expects to recover from credit and debit card companies in relation to the costs incurred after the collapse of Thomas Cook.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 8th October 2019

This is one of the largest travel company failures we have ever seen. A failure of this size, and the number of passengers affected, is unprecedented. In these circumstances, it is right that the government should step in and help affected passengers return home as smoothly as possible.

We are seeking to minimise the impact on government and taxpayers by recovering tax payer funds expended in relation to the repatriation operation where appropriate through the ATOL scheme, credit card companies and travel insurance.

Reticulating Splines