The message came after the Civil Aviation Authority (CAA) extended its deadline for feedback on its proposed changes to the Atol scheme, which could include the introduction of some form of segregation of customer funds, and potentially introducing a variable Atol Protection Contribution.
In response, the AAC said it could not support the proposals for the separation of funds "at all", as it believes there is a risk the changes will "fundamentally alter the ability" of some holders to continue trading.
