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it may be, in the long run, better to allow TC to close.
As the airline is one of its prized assets and its sale the quickest way of raising cash I assume most of Cook`s aircraft are their own and not leased - but with capacity far outstripping demand at the moment its going to be a big risk for any potential buyer and like you suggest Peter it will need to be done on some kind of agreement to fulfil flights on the tour operating side of their business.
In a time of recession '' EXPAND ''.Q) How many Cook's aircraft are leased ? and not an asset.If sensible Cook's will sell on a lease back basis for a hefty chunk of dosh without another call on the city. It needs cash.
NEXT PLEASE !!!!
To use a football analogy. As much as Lufthansa would like to acquire Thomas Cook Airlines they must be looking at the situation like football clubs look at Gareth Bale or Alexei Sanchez. Seemingly a great asset but one in the current climate is it worth the financial risk ?