Thomas Cook collapses after 178 years in business leaving 150k passengers stranded
A travel firm, which has a branch in Newark, has collapsed today (Monday) leaving 150,000 customers stranded.
Thomas Cook ceased trading last week after it failed to acquire £200 million funding as a last resort following rumours of going bust.
The 178-year-old travel agent has fallen into liquidation after trying to rescue the deal with more than 9,000 jobs at risk in the UK.
The firm's failure has seen an estimated 150,000 holidaymakers stranded abroad.
Now, the Civil Aviation Authority has launched a public money funded mission to bring tourists home to the UK.
If when booking a holiday it stated the trip was ATOL protected, passengers will be able to finish their trips and be repatriated home.
Packaged holidays that include flights are usually covered by ATOL, in addition to some flight-only bookings.
The CAA said members of the public should avoid travelling before their holiday and or flight is confirmed by the airline.
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