Department for Tansport and Civil Aviation Authority announce consultation on reform of ATOL bonding.

0 Comments | M2 Presswire, April, 2007

M2 PRESSWIRE-2 April 2007-UK Government: Department for Tansport and Civil Aviation Authority announce consultation on reform of ATOL bonding(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:02042007 The Department for Transport (DfT) and Civil Aviation Authority (CAA) have today launched a consultation to seek views on options to reform ATOL bonding.

Reform would be an administrative simplification for tour operators and would not affect passengers. Since the introduction of ATOL in 1972, operators have always had to pay for arrangements to financially protect their passengers. This document is the culmination of a consultative process with industry, which started in December 2005, on proposals to reduce the regulatory burden on tour operators. The consultation...