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Thomas Cook - what you need to know - MSE News

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Holiday firm Thomas Cook has confirmed that it is seeking £200 million in extra funding as it attempts to prevent a collapse...
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'Thomas Cook worries? Here's what you need to know'

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'Thomas Cook worries? Here's what you need to know'

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I'm assuming that if TC do go under then so will their subsidiaries?
I've got a Disneyland Paris trip booked for my son and I leaving on January 1st. It was booked through MagicBreaks. The ATOL certificate is in the name Freedom Travel Group Ltd, which is all part of TC.
I'm not concerned about getting my money back, ATOL will cover that. I haven't told my son about the trip yet, I was going to surprise him on his birthday at the end of December so he won't be disappointed if it does get cancelled.
Just a shame for all the staff if the worst happens.
I have booked flights and hotel, through sunshine.co.uk
Atol certificate provided
paid by CC
flights are with Thomas Cook, just seen company is at risk.
If I take out insurance now will I be covered if flights are cancelled or would I be seeking help from Atol anyway