Thomas Cook is reported to have bid for failed rival Monarch Airlines’ take-off and landing slots at Gatwick.

“We’ve expressed an interest,” one source told Reuters, confirming that Thomas Cook had bid for slots at Gatwick but not at Luton airport.

Thomas Cook Airlines declined to comment.

Monarch’s administrator won an appeal earlier this week against a previous High Court ruling that Monarch had lost any rights over the potentially valuable slots since it was no longer capable of operating any flights.

The administrator now hopes to recover money for creditors by transferring rights to use the slots at London’s Gatwick and Luton airports.

EasyJet, International Airlines Group, Wizz Air and Norwegian have already expressed their interest in acquiring the slots at the London airports.

Monarch estimates its slots could be worth around £60m, but that is disputed by airlines such as easyJet.