TITLE

Protection money

AUTHOR(S)
Couzins, Martin
PUB. DATE
February 2009
SOURCE
Travel Weekly (UK);2/13/2009, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the increase in the levy underwriting financial protection on package holidays in Great Britain. He notes that people were assured in 2007 that the £1 levy per booking will not change for three years and that there will be sufficient cash in the pot to weather a recession and cover a major failure. He relates that the Civil Aviation Authority (CAA) plans to raise the levy following the failure of XL Leisure Group in September 2008.
ACCESSION #
36861735

 

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