What is ATOL Bonding?
ATOL – which is short for “Air Travel Organisers’ Licensing” – exists to protect the public from losing money or being stranded abroad because of the failure of air travel firms. In the highly unlikely event of our insolvency, the CAA will ensure that you are not stranded abroad and will arrange to refund any money you have paid to us for an advance booking. ATOL was first introduced in 1972 and it gives comprehensive consumer protection to 28 million people in the UK who buy flights or air holidays each year.
ATOL is a protection scheme for flights and air holidays, managed by the Civil Aviation Authority (CAA) Most firms who sell air travel in the UK are required by law to hold a licence called an ATOL. ATOL protects you from losing money or being stranded abroad when a tour operator goes out of business. All licensed firms have to lodge bonds with the CAA so that if they go out of business, the CAA can give refunds to people who cant travel and arrange for people abroad to finish their holidays and fly home. ATOL protection is included in the price of a holiday booked with an ATOL holder, and theres a Government-backed fund called the Air Travel Trust that steps in if any ATOL bond isnt enough to look after everyone affected by a failure.
ATOL is a protection scheme for flights and air holidays, managed by the Civil Aviation Authority (CAA). Most firms who sell air travel in the UK are required by law to hold a licence called an ATOL. ATOL protects you from losing money or being stranded abroad when a tour operator goes out of business. All licensed firms have to lodge bonds with the CAA so that if they go out of business, the CAA can give refunds to people who cant travel and arrange for people abroad to finish their holidays and fly home. ATOL protection is included in the price of a holiday booked with an ATOL holder, and theres a Government-backed fund called the Air Travel Trust that steps in if any ATOL bond isnt enough to look after everyone affected by a failure.
ATOL is short for “Air Travel Organisers Licensing” and it exists to protect the public from losing money or being stranded abroad because of the failure of air travel firms. In the unlikely event of our insolvency, the CAA will ensure that you are not stranded abroad and will arrange to refund any money you have paid to us for an advance booking. ATOL gives comprehensive consumer protection to 28 million people in the UK who buy flights or holidays each year.
ATOL, short for “Air Travel Organisers’ Licensing”, exists to protect the public from losing money or being stranded abroad in the unlikely event of Tim Best Travel becoming insolvent. Should this occur, the CAA (Civil Aviation Authority) will ensure that arrangements are made to fly clients home and will arrange full refunds to any monies already paid for future bookings with us. ATOL was first introduced in 1972 and it gives comprehensive consumer protection to 28 million people in the UK who buy flights or air holidays each year.
