By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast
People booking package holidays, as opposed to flight only deals, are covered by the ATOLprotection scheme.
About ATOL
The law says your holiday must be protected if it is a package holiday. ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK. The scheme also applies to some flight bookings, usually those where you book flights (including UK domestic flights) but do not receive your tickets immediately.
Statement by the CAA (Civil Aviation Authority):
Thomas Cook has confirmed that all the UK companies in its group have ceased trading, including Thomas Cook Airlines.
As a result, we are sorry to inform you that all holidays and flights provided by these companies have been cancelled and are no longer operating. All Thomas Cook's retail shops have also closed.
The Government and the Civil Aviation Authority are now working together to do everything we can to support passengers due to fly back to the UK with Thomas Cook between 23 September 2019 and 6 October 2019. Depending on your location, this will be either on CAA-operated flights or by using existing flights with other airlines. See more at www.moneytipsdaily.com
For more information, visit:
ATOL - https://www.caa.co.uk/atol-protection/
You can also claim back money which you paid using your credit card under and even your debit card under the banking ‘charge back’ scheme. Contact your credit card provider or bank.
Thomas Cook is probably the oldest travel agency in the world with roots going back to 1841 when the original Thomas Cook arranged a rail excursion from Leicester to Loughborough.
Recently, it has become burdened with debt and has run out of cash and support from its bankers, leaving the directors no other choice but to put the company into liquidation.
What is the underlying problem?...listen to the full podcast for more thoughts and insights into the demise of the once dominant travel agent.
Word of the Day
Liquidation
Liquidation is the legal ending of a limited company, stopping the company from doing business, or employing staff.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email charles@charleskelly.net
See more at www.moneytipsdaily.com:
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