Bako
There is an alternative to the ABTA bonndig scheme that is the Travel Trust but we are looking here at holidays rather than anything else. The Trust scheme is a bit of red herring because if the participants don't put the money in it in the first place, there is nothing to come out. Now, let's be clear. The reason you can claim on a credit card is for non-performance of the goods or service bought on it or if you are halfway through a journey there is (possibly) NO non-performace claim (after all, they got you there) and there is a matter about if you paid any deposit, say, in cash and the balance on a card a problem exists! If you paid any other way. Tough. That's it, gone. Deal with it. All IATA scheduled airlines are totally unbonded. If British Airways goes bust tomorrow a lot of people will lose a lot of money as they did with the demise of Swiss Air, SABENA, etc. You, the ticket holder, are an unsecured creditor at the bottom of the pile. This is why the travel trade wants to see a levy on all tickets or to see the bonndig of airlines, especially startups.
Bako There is an alternative to the ABTA bonndig scheme that is the Travel Trust but we are looking here at holidays rather than anything else. The Trust scheme is a bit of red herring because if the participants don't put the money in it in the first place, there is nothing to come out. Now, let's be clear. The reason you can claim on a credit card is for non-performance of the goods or service bought on it or if you are halfway through a journey there is (possibly) NO non-performace claim (after all, they got you there) and there is a matter about if you paid any deposit, say, in cash and the balance on a card a problem exists! If you paid any other way. Tough. That's it, gone. Deal with it. All IATA scheduled airlines are totally unbonded. If British Airways goes bust tomorrow a lot of people will lose a lot of money as they did with the demise of Swiss Air, SABENA, etc. You, the ticket holder, are an unsecured creditor at the bottom of the pile. This is why the travel trade wants to see a levy on all tickets or to see the bonndig of airlines, especially startups.