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World’s Oldest Travel firm and British travel giant Thomas Cook collapses, stranding hundreds of thousands

Thomas Cook , the World’s Oldest and British travel giant firm on Monday, September 23, declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK’s biggest repatriation since World War II to bring back stranded passengers.

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[vc_row][vc_column][vc_column_text]Thomas Cook , the World’s Oldest and British travel giant firm on Monday, September 23, declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK’s biggest repatriation since World War II to bring back stranded passengers.

The 178-year-old operator had been desperately seeking £200 million ($250 million) from private investors to save it from collapse.

“Despite considerable efforts, those discussions have not resulted in agreement between the company’s stakeholders and proposed new money providers,” Thomas Cook said in a statement. “The company’s board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect,” it added. 

Chief Executive Peter Fankhauser said it was a matter of profound regret that the company had gone out of business after it failed to secure a rescue package from its lenders in frantic talks that went through the weekend.

“I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years,” Fankhauser said in a statement.

“It is a matter of profound regret to me and the rest of the board that we were not successful,” he added.

“This marks a deeply sad day for the company which pioneered package holidays and made travel possible for millions of people around the world,” he further said.

British Prime Minister Boris Johnson pledged to get stranded British travellers home and revealed that the government had rejected a request from Thomas Cook for a bailout of about 150 million pounds ($187.1 million) because doing so would have set up a “moral hazard”.

“It is a very difficult situation and obviously our thoughts are very much with the customers of Thomas Cook, the holiday makers who may now face difficulties getting home we will do our level best to get them home,” he told  reporters on a plane as he headed to the UN General Assembly in New York.

The government said it had hired planes to fly home an estimated 150,000 holidaymakers to the UK, in an operation starting on Monday.

British Transport Minister Grant Shapps said the government had managed to “acquire planes from across the world” to get people home, and call centres had been established to answer travellers’ queries.

Transport Secretary Grant Shapps also announced that the government and UK Civil Aviation Authority has hired dozens of charter planes to fly customers home free of charge,” a separate statement said, describing it as the largest repatriation in peacetime history.

“All customers currently abroad with Thomas Cook who is booked to return to the UK over the next two weeks will be brought home as close as possible to their booked return date,” he said. 

The firm’s creditors held a marathon meeting on Sunday, September 22, to try and work out a deal, followed by a meeting of the board of directors.

 Reports said a collapse of the group would mean the repatriation of 600,000 tourists, including around 150,000 seeking government help returning to the UK.

Two years ago, the collapse of Monarch Airlines prompted the British government to take emergency action to return 110,000 stranded passengers, costing taxpayers some £60 million on hiring planes.

Not only the grounding of its planes, Thomas Cook has been forced to shut travel agencies, leaving the group’s 22,000 global employees, 9,000 of whom are in Britain, out of a job.

Holidaymakers had already reported problems, with guests at a hotel in Tunisia owed money by Thomas Cook being asked for extra money before being allowed to leave, according to reports.

Ryan Farmer, from Leicestershire, told BBC Radio Five’s Stephen Nolan the hotel had on Saturday afternoon summoned all guests who were due to leave to go to reception “to pay additional fees”.

With many tourists refusing to pay on the grounds they had already paid Thomas Cook, security guards were keeping the hotel’s gates shut, refusing to allow guests out, or to let new visitors enter.

“We can’t leave the hotel. I’d describe it as exactly the same as being held hostage,” Farmer said.

Thomas Cook in May revealed that first-half losses widened on a major write-down, caused in part by Brexit uncertainty that delayed summer holiday bookings. The group, which has around 600 stores across the UK, has also come under pressure from fierce online competition.

Cabinet maker Thomas Cook created the travel firm in 1841 to carry temperance supporters by train between British cities. It soon began arranging foreign trips, being the first operator to take British travellers on escorted visits to Europe in 1855, to the United States in 1866 and on round-the-world trips in 1872.

The company was also a pioneer in introducing “circular note” — products that would later become traveller’s cheques.

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US reiterates its call for fair, transparent, legal process for Delhi CM Arvind Kejriwal, speaks on Congress frozen accounts

The US spokesperson said that they are also aware of the Congress party’s allegations that tax authorities have frozen some of their bank accounts in a manner that will make it challenging to effectively campaign in the upcoming elections.

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A day after India summoned an US diplomat over their remarks on the arrest of Delhi Chief Minister Arvind Kejriwal in the liquor policy case, the US reiterated its call for fair, transparent, timely legal processes on Wednesday.

Responding to questions on India summoning Gloria Berbena, the US Acting Deputy Chief of Mission in New Delhi, US State Department spokesperson Matthew Miller said that they will continue to follow these actions closely, including the arrest of Delhi Chief Minister Arvind Kejriwal. Notably, the meeting at the foreign ministry’s South Block office lasted nearly 40 minutes yesterday with India objecting strongly to the US remarks on the arrest of Arvind Kejriwal.

Matthew Miller also responded to a question on the Congress party’s frozen bank accounts. The US spokesperson said that they are also aware of the Congress party’s allegations that tax authorities have frozen some of their bank accounts in a manner that will make it challenging to effectively campaign in the upcoming elections. He added that the US encourages fair, transparent and timely legal processes for each of the issues.

Arvind Kejriwal was arrested last week by the Enforcement Directorate (ED) in connection to the Delhi liquor policy scam. Earlier, AAP leaders Manish Sisodia, Satyendar Jain and Sanjay Singh were arrested in the same case.

The External Affairs Ministry had earlier stated that states are expected to be respectful of the sovereignty and internal affairs of others, and this responsibility is even more so in case of fellow democracies, adding that it could otherwise end up setting unhealthy precedents.

The Ministry further emphasized that India’s legal processes are based on an independent judiciary which is committed to objective and timely outcomes. It mentioned that casting aspersions on India’s legal procedure is unwarranted.

The United State’s remarks followed days after Germany’s Foreign Office stressed that Delhi CM Arvind Kejriwal is entitled to a fair and impartial trial. The Indian government labelled their remark as blatant interference in internal matters.

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5 Chinese nationals killed in suicide bomb attack in Pakistan

This is the third major attack on Chinese interests in Pakistan within a week.

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Nearly five Chinese nationals were killed in an explosion during an attack on their convoy by a suicide bomber in northwest Pakistan on Tuesday. Reportedly, the suicide bomber rammed an explosives-laden vehicle into a convoy of Chinese engineers travelling from Islamabad to their camp in Dasu, situated in the Khyber Pakhtunkhwa province.

Regional police chief Mohammad Ali Gandapur said that five Chinese nationals and their Pakistani driver were killed in the attack. As yet, none has claimed responsibility for the attack. Bisham Station House Officer (SHO) Bakht Zahir asserted that the incident was a suicide blast and the authorities concerned were collecting the evidence.

The Station House Officer further added that security arrangements were tightened at the spot and the bodies were being shifted to a hospital. He added that they will investigate from where and how the vehicle of a suicide bomber came and how it happened. Notably, this is the third major attack on Chinese interests in Pakistan within a week.

Previously, two attacks hit an airbase and a strategic port in the southwest province of Balochistan where China is investing billions in infrastructure projects. Several Chinese engineers and Pakistani construction workers have for multiple years been working on hydroelectric projects as part of Beijing’s Belt and Road Initiative in the western province of Khyber-Paktunkhwa.

Notably, Dasu is home to a significant dam project, has been a target of previous attacks. Earlier in 2021, the attack in Dasu resulted in the deaths of nine Chinese nationals, along with two Pakistani children. The incident occured when a bus carrying Chinese engineers and workers to the Dasu Hydropower Project site was targeted.

There was confusion surrounding the nature of the attack initially, with some reports suggesting it was a bus accident. Nonetheless, subsequent investigations revealed that it was indeed a terrorist attack. The bus was hit by a blast, leading it to plunge into a ravine.

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US bridge collapses after being hit by ship

The rescuers were searching for at least 7 people in the water. Some reports said upto 20 construction workers were there on the Baltimore Bridge at the time of the incident. A video of the incident which was widely shared on social media showed the moment the 3 km long bridge collapsed.

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Major portions of the Francis Scott Key Bridge in Baltimore, US collapsed on early Tuesday morning after it was hit by a large container ship. The incident occurred at nearly 1.30 am (US local time). The Baltimore City Fire department said the collapse is a mass casualty incident.

According to reports many vehicles fell into the river below. The rescuers were searching for at least 7 people in the water. Some reports said upto 20 construction workers were there on the Baltimore Bridge at the time of the incident. A video of the incident which was widely shared on social media showed the moment the 3 km long bridge collapsed.

It seems the vessel had hit one of the supports of the Francis Scott Key Bridge, causing the roadway to break apart in many places and plunge into the water. The ship caught fire and appeared to sink. Grace Ocean Pte Ltd, the registered owner of the ship, and the manager, Synergy Marine Group, said it is a Singapore flagged ship Dali which collided with a pillar of the Francis Scott Key Bridge in Baltimore, Maryland.

He said the exact cause of the incident is yet to be determined; the Dali has now mobilized its qualified individual Incident response service. It added that all crew members, including the 2 pilots who were aboard, have been accounted for and there are no reports of injuries.

The local traffic police said all lanes on both directions of the bridge have been closed and the traffic is being de-toured. Maryland Governor Wes Moore also declared a state of emergency after the collapse of the bridge. The bridge was opened in 1977, spans the Patapsco River, a vital artery that along with the Port of Baltimore is a hub for shipping on the East Coast. It is named after the writer of the Star Spangled Banner.  

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