Thomas Cook: Insolvency

Department for Transport written question – answered on 8th October 2019.

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Photo of Luke Pollard Luke Pollard Shadow Minister (Environment, Food and Rural Affairs) (Fisheries, Flooding and Water)

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.

Photo of Paul Maynard Paul Maynard Parliamentary Under-Secretary (Department for Transport)

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.

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