"There will be a lot of aircraft available, and carriers that flew predominantly for Thomas Cook will need to find another home for their planes next summer. The planes have been "stored" in … But there will potentially be a lot of unemployed aircraft come Christmas, and next April there may well be a surplus, with aircraft sitting around, which this year was unheard of," says Payne.Don't get too excited, though -- this doesn't necessarily mean cheaper fares. "What happens to an airline's planes when it goes out of business depends on whether or not it owns them.If it does, they become assets that are due to the airline's creditors. "While the bidding begins, the aircraft will need to be moved into storage -- preferably to a cheaper facility.Five Monarch planes, for example, were stored for nine months at And Apple's Newquay hangar should receive some Thomas Cook aircraft next, according to Ryan Winfield, sales and marketing director. "Aircraft, like cars, lose value quite quickly, says Payne. "Airlines might be able to get a slightly better deal and in theory greater availability means potentially cheaper prices, but it's too early to say what the effect on the consumer would be. All were reclaimed by the owners and were re-leased to the likes of easyJet, Aegean Air -- and Thomas Cook, which took four. "There's a depreciation process, and the maintenance requirements become more intense the older they get.

There will be more capacity in the market, and other airlines might feel the pinch because they might not be able to place theirs.The Boeing 737 MAX -- taken out of service globally because of safety concerns -- is also expected to re-enter the market towards the end of this 2019, meaning that the extra planes airlines have rostered will also be going spare. The UK government has launched its largest ever peace time repatriation effort to bring home British citizens stranded by the Thomas Cook collapse, with the country's Civil Aviation Authority securing a fleet of aircraft, some from as far away as Malaysia, for the operation.But while passengers are asking why the empty Thomas Cook planes can't be used to bring them home, the simple answer is that the majority of them do not belong to the airline. In 2003, the company began operating its own airline, Thomas Cook Airlines, a United Kingdom-based operation with 34 planes in the fleet traveling to … All but three of Thomas Cook's current 34-strong fleet are privately owned and leased out to the airline.
Apple also stored planes from Primera Air, which went bust in October 2018, for eight months.When deciding where to send them, the anonymous leasing insider says that the priority is to move the plane only once. Last week, after nearly 200 years of ferrying countless numbers of passengers across the globe, travel giant Thomas Group folded. Thomas Cook has entered compulsory liquidation and all of its flights have been cancelled.

When the plane door opens to the right however, it reveals an embarrassing message.

It could be seven or eight months." "The people suffering will be the aircraft owners," he says. The fees are the responsibility of the airline.
Big-hearted passengers aboard the final Thomas Cook flight reportedly raised more than $6,000 for plane staffers after news broke Monday that the … News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.FOUR Thomas Cook planes have been seized as security for unpaid bills after the tour giant collapsed, it has been reported.Notices taped by Glasgow Airport could be seen on the planes' doors as they stood parked on the apron, following the demise of the company.Glasgow Airport confirmed that the planes have been seized under regulations which permit airports to detain aircraft “as security against a range of charges incurred including air traffic charges”.“This is happening across the UK where Thomas Cook aircraft are based,” said a spokesman.An airport source said heartbroken staff cried as the plane touched down in Scotland.Nathan Willock, an engineer with Thomas Cook, branded it a "sad day in aviation" as he filmed the Orlando flight touch down on the runway, hours after the company was declared insolvent.The Civil Aviation Authority launched the UK's largest peacetime repatriation on Monday, bringing 14,700 Thomas Cook customers home on 64 flights.That was 95 per cent of the holidaymakers who were originally booked to fly home on that day.A further 135,000 passengers are expected to be brought back on rescue flights over the next 13 days, including 16,800 on 74 flights on Tuesday.The operation is expected to cost approximately £100 million.Thomas Cook's demise in the early hours of Monday morning means around 9,000 UK workers face being out of work.The world’s oldest travel firm, which had been operating for 178 years, was The tour operator has fallen victim to multiple setbacks including changing travel habits and the rise of online booking sites.It was also hit by the sinking pound and unusually hot weather which encouraged fewer Northern Europeans to travel, it adds.And a £1.6 billion debt pile made it less able to react to change.After the company went under, it emerged bosses raked in millions from the doomed travel giant.Chief executive Peter Fankhauser, 58, took more than £8.4milion out of the failed company, since 2015.Harriet Green, chief executive between 2012 and 2014 took home almost £11million in total pay and in 2015 alone, she received £6.3million, despite only working for two months of that financial year.Chief financial officer Michael Healey, 69, took home a total of £8.3million between 2012 and 2018 in salary and bonuses. "It won't affect things at the moment, because the European market is incredibly seasonal and we're coming out of the summer season. Sometimes they're scrapped -- there's a whole industry in spares and parts where the parts are worth more than the aircraft itself.

And he predicts airlines including Norwegian will snap up the "valuable" slots at London Gatwick and Manchester.The leasing insider has a rosier vision for the Thomas Cook fleet.


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