KPMG appointed as liquidators, closure will mean loss of 400 workers
Thomas Cook Aircraft Engineering has gone into liquidation, two months after the demise of the 178-year-old travel group.
The closure of the Manchester-based maintenance arm will mean the loss of 400 workers who were with the unit on a temporary basis until all Thomas Cook aircraft were returned. Formerly Mytravel Aircraft Engineering, Thomas Cook Aircraft Engineering Limited was bought by Cook 12 years ago as part of a merger worth £1.1 billion.
KPMG appointed special manager
KPMG has been appointed special manager of the maintenance business and will provide staff with information they need to claim redundancy payments. It was also announced that Thomas Cook employees who have been off sick for more than six months cannot expect to receive any more payments from the company.