ATOL relief for Kaleidoscope Travel
Kaleidoscope Travel Group has won agreement from the Civil Aviation Authority that it no longer is required to hold a separate ATOL financial bond.
The UK’s largest escorted tours specialist, parent company of Travelsphere, Page & Moy and Just You, made the announcement following a financial restructuring of the company four months ago.
The group carries around 100,000 holidaymakers a year and employs 414 staff in the UK plus a further 300 tour managers worldwide.
CEO William Burton said: “This is a very welcome vote of confidence by the CAA in the company’s strong balance sheet following our recent financial restructure, and in the management’s robust actions in tackling the impact of the credit crunch.
“Our proactive response to changing market conditions, both in terms of marketing and of costs, should significantly mitigate the impact of the recession on the company and put us in a very strong position to benefit from the upturn when it comes.”
Phil Davies
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent