Quote Originally Posted by The Hooded Claw View Post
Here’s an interesting thought: Thomas Cook reportedly asked the Government for £200m to keep them afloat, which was refused.
Operation Matterhorn, which is the initiative to repatriate UK citizens will allegedly cost the taxpayer around £100m, then there’s the cost to banks for the credit card claims, ABTA claims and all the costs associated with the 9,000 jobs at risk in the UK and other jobs that will doubtless be lost at suppliers etc.
Would it not have made sense for the Government to have provided some kind of loan (perhaps guaranteed against assets), which would have given them some kind of return. Instead, they’re now probably going to spend upwards of the £200m originally asked for, with no return and a lot of people looking for jobs.
Compared to the billions provided to the banks in the financial crisis, this would be a drop in the ocean.
Oh, and they’ve apparently spent £150m on Brexit advertising...
I'm sure I heard that TC were in debt to the tune of 1,600million pounds.

Their official stance is that it was an unsustainable business model which has been failing for a long time and ploughing money in would have just delayed the inevitable.

Hard to really argue with the decision.