Thomas Cook lenders may have long wait for little return

Thomas Cook’s grounded planes are likely to disappoint creditors waiting to get some of their money back after liquidators sorting through the company’s wreckage sell them off.

The travel group’s compulsory liquidation this week put it under the control of a UK government-appointed receiver and consultants AlixPartners and KPMG. They’re responsible for stripping the company down into sellable parts in order to return as much cash as possible to creditors.