Thomas Cook Set To Go Bust Tonight with 150,000 Brits Stranded Abroad

Thomas Cook set to go into administration, according to ITV News, leaving around 9,000 jobs hanging in the balance. 

The world’s oldest travel company Thomas Cook is set to go bust tonight after talks aiming at securing a £200 million bailout have reportedly failed, with an estimated 150,000 British tourists abroad, triggering the UK’s biggest peacetime repatriation.

ITV News has said the announcement, which is expected early Monday morning will trigger Project Matterhorn – the government’s plan to repatriate 150,000 holidaymakers stranded abroad.

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