Thomas Cook

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Stivino,
The plane you saw used on today with Flight number: DE1479
is going: Tenerife to Frankfurt
has registration: D-AIAD
is owned by the airline: Condor (based in Germany)
which is owned by: Thomas Cook (based in UK)
who lease it from: AGC (based in California)
who are: https://www.aviationcapitalgroup.com/

And this is its second return flight today.
https://www.flightradar24.com/data/aircraft/d-aiad#2236f7c6
So I presume it is flying under Germanys repatriation (insurance) scheme who I guess are paying AGC.
SFK
 
Last edited:
SirGalahad said:
What a lovely bunch were actively pushing for the collapse of TC so they could get a payout.

CDS creates weird incentives.
Click to expand...

To be fair anyone can short sell a stock, me, you, anyone, it's not just hedge funds. It's not something I'm a fan of but the people who argue in favour use the argument it improves liquidity of shares. I think Germany temporarily banned short selling of bank stocks after the financial crash, it doesn't seem like an honourable way of making money.
I plastered a big b*****d of a ceiling today, honest graft but a £100 a pip short on TC taken out a few weeks ago would have been easier on my ageing body.
 
fillyboy said:
To be fair anyone can short sell a stock, me, you, anyone, it's not just hedge funds. It's not something I'm a fan of but the people who argue in favour use the argument it improves liquidity of shares. I think Germany temporarily banned short selling of bank stocks after the financial crash, it doesn't seem like an honourable way of making money.
I plastered a big b*****d of a ceiling today, honest graft but a £100 a pip short on TC taken out a few weeks ago would have been easier on my ageing body.
Click to expand...

You a plasterer?

CDS is not shorting stocks its a Credit Default Swap - essentially an insurance product you get a payout if the bondholder defaults - CDS is what made John Paulson $12bn in the financial crash. You can buy insurance in companies you never intend to own.

I could buy insurance that will pay out if your house was burned down. Now what would I like to happen?
 
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Usual story with a company going bust.
The rats that flee the sinking ship make sure their pockets are stuffed before they leave.
 
securespark said:
Usual story with a company going bust.
The rats that flee the sinking ship make sure their pockets are stuffed before they leave.
Click to expand...

Did the directors at Carillion do the same?

But lets not forget when the EU was considering regulating Directors Pay Osborne hopped on a plane to the EU to water it down.
 
David Crighton, a Thomas Cook pilot for 20 years, said losing his job had felt "like a bereavement".

Mr Crighton, from Cheshire, fears he will not be paid his £12,000 salary for this month, saying "it won't be coming any time soon."

He said: "I worked pretty much everyday for a month for nothing. I am probably one of the lucky ones because my wife is in full time employment and I could pay my side of the mortgage for six months.

"The human effect of this is outrageous...the small people are going to be the ones that are really struggling.

About where my sympathy ended.

https://www.bbc.co.uk/news/uk-49813029

Ok, this ones taken out of context I admit.

"I don't think there's a fix within the week. I know a lot of crew have been ringing various organisations and just crying. I rang my gym earlier on Tuesday to cancel my membership and just cried down the phone to them."
 
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