Makes sense to me. But I guess the staff are redundant & the planes leased not owned.
This.
Thomas Cook has been on very dodgy ground for years, with a £1.7bn of debt.
Didn't stop the CEO and his predecessors paying themselves something near £20m quid over the last 5 years or so, though. From a company valued at just £69m.
I'm all in favour of big rewards for top performance, but this level of rewarding failure is just bizarre - and of course it's we taxpayers who end up footing the bill
