British tour operator Thomas Cook, one of the largest travel companies in the world, has collapsed. After talks on a financial rescue failed.
Neckermann travel agency, part of the failed British company in the Czech Republic, has 1,100 Czech clients abroad. According to a spokesperson, Neckermann will arrange flights home for them, but there could be cancellations of future trips.
The British Civil Aviation Authority today announced that Thomas Cook has stopped working and all of their flights are canceled.
The company, which also operates air transport and hotels, held talks with creditors and the UK government on financial assistance. But the negotiations were unsuccessful. According to Prime Minister Boris Johnson, possible government assistance could lead to other businesses expecting the same in the future.
Neckermann, a Thomas Cook subsidiary in the Czech Republic, currently has 1,100 Czech clients abroad according to spokesman Jan Sramek. They will ensure their safe return to the Czech Republic. However, Sramek did not rule out that the travel agency would cancel some of the tours already purchased in the coming days. In this case, the clients will receive a full refund, the spokesman said.