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Any outcome other than a failure has to be the best outcome. Operators owed money, hoteliers owed possibly months of payments and agents who bought flights from TC (which are not ATOL protected) and packaged them up, as well as thousands of members of staff depend on some deal being done. It really is 'fingers crossed' time
Am I missing something? The rescue package seems now to have gone up to £1.1 Billion, from £1 Billion reported by TW on the 12th. Travel Weekly, isn't this worth some comment?
It is pretty worrying that a rescue deal has gone up from £750 Million by another £450 Million, what will it be tomorrow, or next week?
Don't forget the 2BN haircut (hit) the banks will take.
Don't forget that ALL existing shares will be cancelled and have ZERO value !