The CAA’s Atol Reform consultation document recommends a hybrid financial protection model of ringfenced client money and bonds or other financial instruments. It also suggests the Atol Protection Contribution (APC) should be on a sliding scale from 50p to £15 depending on type of package, instead of the current £2.50 flat fee.
Aito director and Sunvil Holidays chair Noel Josephides said: “Full marks to the CAA because it is very detailed and a good basis for discussion. It has moved a great deal from the initial consultation and looked at everything far more realistically.
