Skip to main content

Thomas Cook: Insolvency

Question for Department for Transport

UIN 293742, tabled on 2 October 2019

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 on

8 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.