Thomas Cook has confirmed that it’s seeking £200 million pounds in extra funding as it attempts to prevent a collapse.

If it fails, an operation would have to be launched to fly home 150-thousand Britons who are on holiday.

A number of residents from the Isle of Wight are known to be abroad, on holiday with Thomas Cook.

It would be the biggest-ever repatriation operation involving the customers of a British-based company, and in terms of UK citizens would be significantly larger than the 2017 collapse of Monarch Airlines.

Thomas Cook says it is working on plans to “provide financial stability” for the group.