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Iata urges CAA to drop plans for segregation of funds from Atol reforms

Atol
Gary Noakes
26 April 2023

Iata has urged the CAA to drop its plans for mandatory segregation of funds from its proposed reforms to the Atol scheme.

CAA Atol Logo.jpg

The CAA has issued a bulletin about Great Little Escapes and advised the trade

Abta’s Aviation Forum on Tuesday (25 April) heard how Abta members were broadly in favour of the proposals, while the airline sector was opposed.

Rachel Jordan, Abta director of financial protection and membership, said: “There seems to be a preferred route of segregation for businesses. Some are delighted, but a lot of members do not [currently] segregate at all.” 

But Simon McNamara, Iata UK and Ireland country manager, said: “We are against it, particularly when tickets are issued and particularly when issued to BSP. Iata is not a bank.”