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Abta demands answers over CAA's £25.6 million 'contingency' spend

Atol
Gary Noakes
13 July 2017

Abta is to quiz the CAA on why it spent £25.6 million preparing for contingency costs, thought to relate to the anticipated collapse of an airline, which did not happen.

CAA

The amount was revealed in accounts for the CAA’s Air Travel Trust Fund, which pays out in the event of the collapse of an Atol-holder.

The one-off sum is thought to include contingency planning for the collapse of Monarch Airlines, which was averted last September, although the CAA will not detail how much of the total this makes up.

The CAA chartered a fleet of aircraft, mainly from the US, and stationed them around Europe for around a fortnight while Monarch sought refinancing.