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Thousands stranded as Thomas Cook collapses

Travel company Thomas Cook has collapsed leaving thousands of British holidaymakers stranded abroad.

The 178-year-old firm went under in the early hours of this morning after it failed to generate the £200million demanded by lenders.

All flights and holidays with the company have now been cancelled - the Civil Aviation Authority is launching a major repatriation programme to bring around 150,000 UK tourists home.

It's unknown at this time how many Island customers have been affected.

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