Great news breaking for all those that worry their airline company might go bust before they fly..
After 93 European Airlines were declared bankrupt over the last 9 years, the European Commission has decided that "Enough is enough"...
President Akis Kelepeshis is quoted as saying “We need a contingency plan for our customers in order to provide adequate protection”. He then added that “there is a big consumer protection gap; while IATA agents are required to provide bonding and tour operators need to provide financial guarantees under European legislation on package travel to protect customers against their financial failure, there is no such protection against airline failures for customers with seat only tickets..."
So, no actual guarantee of help yet, but at least we are looking into it..
Follow this story at http://www.traveldailynews.com/pages/show_page/33698-The-EU-steps-to-improve-the-situation-of-passengers-in-case-of-airline-bankruptcy
Barticus.
After 93 European Airlines were declared bankrupt over the last 9 years, the European Commission has decided that "Enough is enough"...
President Akis Kelepeshis is quoted as saying “We need a contingency plan for our customers in order to provide adequate protection”. He then added that “there is a big consumer protection gap; while IATA agents are required to provide bonding and tour operators need to provide financial guarantees under European legislation on package travel to protect customers against their financial failure, there is no such protection against airline failures for customers with seat only tickets..."
So, no actual guarantee of help yet, but at least we are looking into it..
Follow this story at http://www.traveldailynews.com/pages/show_page/33698-The-EU-steps-to-improve-the-situation-of-passengers-in-case-of-airline-bankruptcy
Barticus.
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