Several Thomas Cook Group companies in Germany have newly filed for insolvency following the collapse of the main UK company on 23 September.
The insolvency filings, on 25 September, cover Thomas Cook GmbH, plus Thomas Cook Touristik, and Bucher Reisen & Oger Tours.
“We are currently in discussion with the federal foreign office, the travel insurer and other partners, with the aim of providing an orderly repatriation of guests,” says Thomas Cook Group.
Sale of travel from the portfolio of affiliated tour organisers has been halted, including the business of Neckermann Reisen, Oger Tours, Air Marin, and Bucher Reisen.
“Whether further companies are affected will be assessed in the next few days, and decided through consultation with insolvency administrators,” the group adds.
German carrier Condor, a subsidiary of Thomas Cook Group which is continuing flight operations, had previously warned by the affected tour operators that their corresponding package holiday customers would not be permitted to start their journeys.
Thomas Cook-affiliated Polish company Neckermann Polska, based in Warsaw, has similarly informed that, over the next few days, its management board will submit a bankruptcy petition to a district court.
“Despite the stable financial condition, the Polish arm cannot operate independently without its parent company,” it states. Neckermann Polska is wholly-owned by Thomas Cook GmbH.
Source: FlightGlobal.com
