The hotel division of Thomas Cook has avoided bankruptcy after striking an agreement with Hoteles Globales.
It will now be up to the Commercial Court to decide the outcome.
As the company has not been officially closed, employees have to turn up and do their jobs every day.
Thomas Cook had a total of 353.900 flights seats programmed to the Balearics up to August 2020, according to reports.
British state decided not to bail out Thomas Cook.
"Nightmare, nightmare, stressed," said British holidaymaker Nick, as he awaited information at Palma airport on the Spanish island of Majorca.
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