Thomas Cook Balearics calls it quits

On 31 January, Thomas Cook Balearics officially announced it will call it quits and be dissolved. The company was taken-over by German-investor PANAF after Thomas Cook collapsed in September 2019. However, it has been in insolvency since December 2019, but continued to operate out of Palma de Mallorca during 2020.

However, with a bleak outlook on the development of the aviation sector in the coming months, PANAF was not willing to invest more money in the airline and decided to dismantle it. Thomas Cook Balearics employed 90 co-workers and over the years operated a fleet of six A320s.

Photo by Georg Noack, kindly provided by AirHistory.net