The IT behind running an ATOL escrow account should not be an additional mountain to climb
If you have been tasked by the CAA to put an escrow account in place, your main challenge is likely to be ensuring that your business has adequate cash flow to sustain the requirement to fund the account with up to 70% of cash that your ATOL customers have paid to you. The good news […]
ATOL Reform – Request for Further Information
In January 2023, the Civil Aviation Authority published a request for further information, following responses received following its initial consultation which began in June 2021. Here follows a note summarising the main points of that document:- Respondents reported concerns about the availability and coverage of financial products for the entirety of the travel industry, the […]
