High demand
Gatwick said different boarding methods could reduce the journey from airport gate to seat by about 10%. Thomas Cook's collapse left holidaymakers stranded across Europe Take-off and landing slots can be highly sought after by carriers, as a lack of new runways in the UK has kept their supply low. In 2016, Oman Air paid $75m (£59m) for a single pair of slots at London Heathrow, according to The Times. Last month, the receiver sold all 555 Thomas Cook retail outlets to Hays Travel, saving up to 2,500 jobs. The independent travel agent said the move gave it shops in areas where it had little or no presence, including Scotland and Wales. Thomas Cook's Condor airline in Germany was rescued with the help of a loan from the German government. Its Nordic business was bought last month by Norwegian billionaire Petter Stordalen and private equity firms Altor and TDR Capital. Stordalen's Strawberry group and Altor took a 40% stake, with TDR Capital buying the remaining 20%. The deal for Thomas Cook Northern Europe saved 2,300 jobs.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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