Crisis-hit Thomas Cook could be days from collapse.
The world’s oldest holiday firm is racing against time to secure an additional £200million funding.
Failure to do so could result in its plunging into administration.
If that happened, the Civil Aviation Authority would have to pay for 150,000 Britons abroad to be brought home – the biggest repatriation involving a UK firm.
Insiders say the bill could be £600million – 10 times the cost when Monarch Airlines failed in 2017.
An industry expert said: “Hotels would need to be paid to ensure they don’t kick out guests.”
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