Weekend direct flights are suspended though
Freedom Travel in Douglas is 'not out of business.'
Owner Jan Wozniak says the travel agent is a separately-managed service from the UK Freedom Travel Group, which is in liquidation as it is part of Thomas Cook Co-operative Travel.
As a result, the computer systems at the Strand Street shop have been frozen by Thomas Cook administrators KPMG.
Mr Wozniak believes Freedom Travel has become a victim of the collapse of Thomas Cook.
Until this is resolved, he says it will have to suspend its weekend direct flights from the Island to Majorca and Menorca:
You can watch Tim Glover's interview with Mr Wozniak below:
Chief Minister wants to publish new plan for Island in November
Suicide prevention protest planned for first Tynwald sitting
Sale of former Castletown Police Station 'a folly' says commissioner
Hopes indoor padel club will 'fit in with the nature around it'