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UK business committee to probe Thomas Cook collapse

Thomas Cook, the world's oldest tour operator, collapsed in the early hours of Monday
Thomas Cook, the world's oldest tour operator, collapsed in the early hours of Monday

The UK's Civil Aviation Authority said today that 72 flights are scheduled to operate to bring back a further 16,000 people to the country following the collapse of travel group Thomas Cook. 

The aviation regulator said it has brought back over 40% of the total number of passengers in the largest peacetime repatriation 'Operation Matterhorn' launched on Monday.

Meanwhile, the British parliament's business committee has launched an inquiry into the collapse of Thomas Cook and will seek to question the management over issues such as executive pay and accounting practices. 

Thomas Cook, the world's oldest tour operator, collapsed in the early hours of Monday, hitting hotel owners, tourist sites and resorts around the world. 

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"The main players in the sad demise of Britain's oldest travel firm should face public scrutiny and be held to account for their actions before the company collapsed," said Rachel Reeves, Chair of the Business, Energy and Industrial Strategy (BEIS) Committee. 

Evidence hearings will begin in mid-to-late October.

"Directors will welcome the opportunity to set the record straight and demonstrate that their conduct was always in the best interests of Thomas Cook's customers, employees and stakeholders," a person familiar with the company told Reuters.