Michael Budge, head of Atol at the CAA, again insisted that “no decisions have been made” on how it plans to reform the Atol scheme, during a presentation at Abta’s Travel Law Seminar in London on Thursday (11 May).
He added the CAA was still “reviewing responses” from the industry about how consumer financial protection for flight-inclusive package holidays will be changed before publishing its final proposals.
“The regulator is not looking to prevent failures,” said Budge. “If you tried to set that as an objective, it would be a fool’s errand. There are insolvencies – they happen all the time.”
