UK’s CAA plans ‘if Thomas Cook collapses’

Bloomberg

The UK aviation regulator is preparing for a possible collapse of tour operator Thomas Cook Plc ahead of a showdown with bondholders, the Times of London reported, without saying where it got the information.
The Civil Aviation Authority (CAA) is making contingency plans for the possibility of having to repatriate “hundreds of thousands” of passengers stranded abroad, the newspaper said. The regulator’s preparations come ahead of an October 1 deadline for renewal of Thomas Cook’s air travel organiser’s license.
The UK Civil Aviation Authority was unavailable for comment outside of normal working hours. Thomas Cook declined to comment on a possible delay of the meeting.