After Thomas Cook went bankrupt in 2019, the state stepped in and compensated customers. But apparently less money had to be spent on this than expected.
The compensation for customers of the insolvent tour operator Thomas Cook has so far been significantly less expensive for the state than feared. By the end of June 2021, only 130.5 million euros had been transferred to the victims of the bankruptcy, a spokesman for the Federal Ministry of Justice said on Sunday.
Justice Minister Christine Lambrecht (SPD) originally expected 225 million euros. In the meantime, with 95,600 cases, 91 percent of the registrations have already been completed. Previously, the «Tagesspiegel» (Monday) had reported on the numbers.
The background to this is the bankruptcy of Thomas Cook, the second largest travel company after Tui, in September 2019. Hundreds of thousands of customers were affected. At that time, the insurance only reimbursed a fraction of the costs, which is why the state finally stepped in. According to the spokesman, many customers did not get their money back through the portal, which is responsible for paying out state funds, but through other agencies, such as credit card providers.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
