What will happen to the Thomas Cook planes after they are impounded has been revealed, after the historic company went bust overnight.
Thousands of British holidaymakers remain stranded abroad after the company went into liquidation on Sunday night, leading to flight cancellation s , claims of travellers at resorts across the world and many left in the dark over their trips.
As flights return to the UK, after Thomas Cook missed the 11.59pm deadline set by creditors, the aircrafts will be impounded by the Civil Aviation Authority.
What is believed to be the first, happened at Manchester Airport earlier on Monday afternoon, with a notice seen placed on a plane door.
Now, we are able to explain what will happen to the airline's planes after they are impounded, due to the company going into compulsory liquidation.
According to CNN Travel the company's planes can't be used to fly stranded passengers home because most of them do not belong to Thomas Cook.
Only three of Thomas Cook's 34-strong fleet are privately owned and leased to the airline.
Mark Payne, leasing director at aircraft charter specialists Chapman Freeborn said: "Many will be leased from head lessors, who own the aircraft, while Thomas Cook effectively pays a mortgage on them.
"When they stop making payments, the aircrafts are repossessed.
"They go back to the owners and the head lessors, who then need to find someone else to take them on.
"It's a bit like someone defaulting on a mortgage -- the house is repossessed and they need to find someone else to live in it as soon as possible."
Paul Welch, founder and CEO of private jet broker Million Plus, also said: "Most companies will have lots of aircraft leased, so those companies will
automatically have made arrangements to requisition the aircraft.
"Those owned by Thomas Cook will be automatically covered by liquidation or bankruptcy procedures."
Footage taken on the runway at Manchester, taken by witnesses, showed what happened when one aircraft was repossessed.
A notice was placed on the plane door which said: "'Appendix 2 -Notice of Detention of Aircraft"
It then goes on to list the legislation.
The notice said the plane was being detained due to 'default in payment of airport charges', it is understood.
An onlooker said: "The CAA put a notice on the door, as seen in the picture, and he confirmed that Thomas Cook had gone into administration.
"After this around 12.15am we saw a Malaysian A380 taxing to go and rescue the Thomas cook passengers."
Someone can then be heard saying "bringing all of Thomas Cook home - A380."
Several minutes after the notice was issued the A380 Malaysian Airlines flight took off from Manchester Airport to rescue the stranded Thomas Cook passengers from Malaysia.
The UK government is expected to spend an estimated £600 million on the UK's biggest peacetime reparation since World War Two.
