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What happens if the tour operator/airlines goes bankrupt?

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What happens if the tour operator/airlines goes bankrupt?

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Registered travel agencies contribute to the Travel Assurance Fund. The fund is used to compensate consumers who do not receive any travel services purchased from a registered travel agency, travel wholesaler or travel supplier. The fund covers losses related to leisure travel but does not apply to business travel. Note: By booking directly with an airline you may not be covered should they go bankrupt.

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