News

Lowcostholidays Was Only Bonded for €79,243

Lowcostholidays Was Only Bonded for €79,243

Cormac Meehan, President of the Irish Travel Agents Association, has called on the Government to review the legislation concerning bonding among travel providers in Ireland.

Following the collapse of Lowcostholidays last summer, almost 4,200 Irish customers have made claims to the Commission for Aviation Regulation (CAR) amounting to €3.8 million. These claims will be covered by the Travellers’ Protection Fund, which has a fund of €5 million made up of contributions from tour operators and administered by the Commission, because the Irish division of Lowcostholidays was bonded for just €79,243.

Cormac Meehan expressed his alarm that the company’s bonding level was so under provided for: “The Lowcostholidays refunds will clear out 75% of the Travellers’ Protection Fund. We are calling on the Minister for Transport, Tourism and Sport to meet with the ITAA immediately to review the legislation around bonding and work on the next steps.

“Lowcostholidays.ie (Lowcostholidays Spain S.L.) was licensed and bonded by CAR so we are amazed at the under provision in the context of the thoroughness with which the Regulator usually deals with our members.

“The ITAA has been pushing for a collective bond for years, among all travel agents, tour operators and airlines. We would also like to draw the Minister’s attention to the organisations, within the Irish travel sector, that are not bonded with CAR at all. This area must be reviewed immediately to ensure the protection of Irish consumers. If travel agents and operators continue to be under bonded, the shortfall will ultimately be paid by the taxpayer.”

View Comments (1)

1 Comment

  1. Alan ODoherty

    March 16, 2017 at 12:36 pm

    So who within the Department of Aviation looked at the Lowcostholidays figures and agreed that bonding for €79K was sufficient?… Find them and fire them…Oh no, they can’t be fired….The current licensing and bonding system is a complete joke.

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Michael Flood is the Editor of Ireland's leading travel industry publication, Irish Travel Trade News. With more than 35 years experience, he has accumulated an in-depth knowledge of the airline industry and the travel and tourism world.

More in News

Valerie & Laura - Bernard Hayes Travel Cork

Flexibile Autos for “Free Lunch Friday”

Michael FloodOctober 19, 2017
Photographer - Paul Sherwood paul@sherwood.ie 087 230 9096
Annual  Irish / German Travel Reception and Germany Travel Writers Awards Ireland, Held in Café en Seine, Dublin. October 2017

German NTO announce the winners for Travel Writers Awards

Michael FloodOctober 19, 2017
WTM ITALY

Food and Wine Tourism in Italy at WTM

Michael FloodOctober 19, 2017
Silversea eNews Story 1

Silversea to lengthen Silver Spirit

Michael FloodOctober 18, 2017
Free repro - please credit Paul Sherwood

Hospitality Ireland, National Hospitality Awards, held at the InterContinental Hotel, Dublin. October 2017

Pictured - Nicky Logue, General Manager of  the InterContinental Hotel, Dublin – Best Business Hotel Award,  overall winner, and  Best hotel Group MHL Hotel Collection, overall winner

InterContinental Dublin is Business Hotel of the Year

Michael FloodOctober 18, 2017
Job Opportunities

Turkish Airlines is looking for a Corporate Sales Representative

Michael FloodOctober 18, 2017
REPRO FREE: AER LINGUS LAUNCHES BIGGEST EVER PILOT RECRUITMENT DRIVE - over 100 pilot positions available in one of Europe’s fastest growing airlines
Tuesday 17th October 2017: Aer Lingus today announced its largest ever pilot recruitment drive with over 100 direct entry pilot positions available at its home base in Dublin airport. Ireland’s only 4 Star airline promises an exciting and rewarding career flying modern Airbus A320/1 and Airbus A330 to more than 100 destinations across UK, Europe and North American where the airline offers 14 routes direct from Ireland. Picture Jason Clarke

Aer Lingus launches biggest ever pilot recruitement drive

Michael FloodOctober 18, 2017
pic 1 - IRELAND VOTED BEST DESTINATION IN THE WORLD AT GROUP LEISURE AWARDS 2017

Ireland voted best destination in the world at the Group Leisure & Travel Awards 2017

Michael FloodOctober 18, 2017
IMG_3261

Aer Lingus Hosts VIP Fam to Miami for Top Agents

Michael FloodOctober 16, 2017

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland