Liquidation of Thomas Cook’s assets on high gear as EasyJet, Jet2.com buy slots in UK airports

UNITED KINGDOM – British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively. Thomas Cook’s UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets. The collapse of Thomas Cook, the world’s oldest travel company with more than 178 years of operation stranded tens of thousands of passengers as its UK business immediately stopped trading. It also sparked the…

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