Air Company Insolvencies – Are You Protected?
In the UK flight companies must retain the “Air Travel Organiser’s Licence” (ATOL); a license that is certainly managed through the CAA. ATOL is often a financial guarantee that delivers the funds to safeguard customers should an airline company fail. ATOL primarily covers air travel nevertheless it can extend to holiday accommodation if bought included in a package. The degree of ATOL protection is dictated through your travel company so your first move must be to check your invoice for that ATOL logo and see the terms of the ATOL agreement to determine the level of financial protection you might have.
UK based airlines are not protected by ATOL. Insurance and the nature with the insolvency usually dictate how much compensation you will get from airline insolvency. Airline operators that offer “flights+hotel” are typically not protected by ATOL unless they have a partnership with the flight’s company. So what level …
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