for more let's bring in clifford coonan from our business team and really bartz at the frankfurt stock exchange early i want to start with you what does this mean for customers and for investors . well for many customers it means that they will either not be departing for their holiday there are about a 1000000 people that said who were booked and who now can no longer travel with thomas cook many will be repatriated as we heard in the report many will not condor wants to continue flying but it needs money and it's unclear how long it will be continuing to fly and customers regardless of what situation they're particularly in will have to look for for governments and insurance companies to cover their costs investors are looking at a disaster the company's share dropped by about 95 percent within the past year and of course tanked after this news in non-official trading here in germany it suspended in london the share was trading at one point under one cent. a painful time financially to be sure but clifford turning to now thomas cook's biggest shareholder is follow suit and what role

and china analyst clifford coonan is with us here in our studio hi cliff jack my story is pretty remarkable this is essentially a capital a success story in a communist country so how is that possible i think. the time in chinese history when they needed a jack ma they needed a capitalist hero in a way while still maintaining the very strict communist system and so he sort of fought against some in some ways against the communist system but he was also very much part of us and so he pushed his way through when he started to to for hours to download a single page he tried various other options including failing to get a job at k.f.c. so i think if you're to write a book about about the rise of china the hero would have to be jack ma he said he pushed his way through did he have help did beijing have you know a hand in ali baba's success but i think it's in some ways a reflects the way chinese politics is broken down in a regional way and that he in his hometown of hung joe he did have help from from the local government there he also worked with the local government with the information offi