What is ATOL?
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. However, some of our competitors are not ATOL protected and therefore their customers have no financial protection. ATOL protects you from losing your money or being stranded abroad. It does this by carrying out financial checks on the firms it licenses and requiring a guarantee, called a bond, to be held with the (CAA) Civil Aviation Authority. If a firm goes out of business, the CAA will make a refund to you, or if you’re abroad, the CAA will arrange for you to finish your trip and fly home. Travel insurance does not cover your against companies going out of business.
