CAA: urges travel firms to speed up ATOL renewals
Travel firms scheduled to renew their ATOL this month are being urged to waste no time submitting their renewal application to avoid a delay.
Just over a third (36%) of the travel companies due for renewal have not yet applied to renew their ATOL, the Civil Aviation Authority says.
Any travel companies concerned about renewal should submit their application and supporting information as soon as possible the Civil Aviation Authority said.
“In assessing an application, the Civil Aviation Authority considers the financial resources and arrangements available to all travel companies, and therefore needs to closely assess those businesses applying that need to find additional support to continue to trade,” the CAA said.
“This can only be done if ATOL holders discuss their position openly and in a timely manner.”
The Civil Aviation Authority will continue to work closely with the industry, however the ATOL scheme exists to provide consumers’ protection and so it must make sure that it has complete and accurate financial information before considering a renewal.”
The future changes discussed in the ATOL Reform consultation don’t affect any current licensing decisions.
Michael Budge, Head of ATOL at the UK Civil Aviation Authority, said:“While the industry is on the road to recovery, we understand the challenges that travel companies continue to face.”
“Applications must be thoroughly assessed and where licence conditions are required, these must be met before the new licence can be granted. Businesses concerned about their renewal should submit their applications as soon as possible.”
Ray Monty
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