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branch. I understand that locog has guaranteed that anyone buying event tickets as part of a Thomas Cook package will still go to the Games. In the meantime, if you wanted a replacement holiday, you would probably need to pay out again and wait for your money back from the CAA, which administers the scheme. What happens if Thomas Cook goes bust before the trip? As soon as a tour operator fails, there is an immediate surge in demand for alternative holidays. If not, you may be covered by your travel-insurance policy. And if you think I have got anything wrong, let me know at the same address. On 22 November, the Thomas Cook Group which happens to include Britains second-largest tour operator and biggest chain of High Street travel agents announced it was asking its bankers for a further 100m of funding, pushing its total borrowing to close to 1bn.



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The downside of paying: you have to stump up a lot of money and, as with any holiday, you are paying upfront for the promise of a trip with no absolute guarantee that it will happen. The company says abta protection ensures that the money that customers pay to us is protected prior to it being paid on to the cruise providers. You pay cash to take ownership of an intangible dream, and trust it will not turn into a nightmare. The share price collapsed on the news, reducing Thomas Cooks market capitalisation the total value of all the shares to around 100m. While this spells bad news vvv bonnen kopen haarlem for a number of the companys excellent staff, the effect on holidaymakers is likely to be minimal. These brands are subsidiaries of Thomas Cook, and the same rules apply as with mainstream packages. Were Thomas Cook to collapse, would there be a domino effect on other holiday companies?


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