Company failures

Nearly 50-year-old travel firm ceases trading as Atol holder, CAA says

CAA steps in after Ickenham Travel Group, which includes the Letsgo2 brand, ceases to be an Atol-holder

Channel Islands operators rush to secure new airlift after Blue Islands collapse

The closure of Eastern Airways and now Blue Islands has left operators searching for flights to operate their 2026 packages

Industry rallies around agency team as brand shuts its doors after more than 60 years

'Covid took much away from us... [and] left a financial burden that was becoming more and more difficult to manage,' said director Gavin Morton

Icelandic airline Play ceases operations and cancels all flights

Carrier was formed following the demise of WOW Air and took off in 2021

Great Little Escapes ceases trading as Atol holder prompting CAA advisory to agents

The CAA has issued instructions to the trade after Great Little Escapes and subsidiary brands ceased to be an Atol holder on 13 June

Jetline Travel’s £4.7 million debts outlined in creditors’ report

Unsecured creditors owed part of the £4.7 million debt run up by Jetline are unlikely to receive any payments, administrators say, with only Barclays likely to receive the full amount owed and staff being the only preferential creditors

Three Baldwins Travel shops put up for sale by receivers as efforts to secure jobs continue

Three Baldwins Travel shops in Kent have gone up for sale after receivers were called in to dispose of the assets of the troubled agency chain following the loss of its Iata licence and Abta membership

'Balkan Holidays lost its way relying on practices from decades ago'

While lamenting its demise, two experts in travel to the region have told TTG the collapse of Balkan Holidays came as a result of a failure to adapt its business model to changing times

New Jetline owner weighing up whether to retain brand after acquiring assets

Travelodeal has acquired assets belonging to Jetline Holidays and Jetline Cruise parent Jetline Travel went after the brand ceased trading as an Atol holder in March and went into administration

Thomas Cook auditors fined millions for failings in run-up to 2019 collapse

Cook’s auditors have been fined nearly £5 million for failing to properly investigate the company in the two years before it collapsed, a damning report by a financial watchdog reveals

Jetline Travel goes into administration after ceasing trading as Atol holder

The Barnet-based agency ceased trading as an Atol holder in early March before administrators were appointed on 28 March

Golf tour operator clarifies position after CAA Atol 'failure' claim

London-based Golf Travel Centre has criticised the CAA after the authority branded it an Atol ’failure’ despite it still trading and it being in negotiations with the authority over a new licence

Love To Travel boss quickly recruits family friend before his agency shuts down

Charlie Coyle, manager at Guernsey-based agency Trafalgar Travel, has stayed in touch with Love To Travel owner Joanne Dooey over the years and now the pair will work together

Jetline Travel ceases trading as Atol holder following ‘breach of contract’ allegation

The north London agency was set up in 2000 and held a licence to carry 4,790 Atol-protected passengers in the year to the end of September 2025

Carnival cruise brands cancel future Jetline Holidays bookings

In a joint statement, the Carnival brands cited an alleged ’breach of contract’ for its decision to pull the bookings

Safari specialist of more than 25 years ceases trading as Atol holder

East Cape Tours and Safaris ceased trading as an Atol holder on Monday (2 December)

Youtravel axes all bookings from 1 November onwards owing to FTI collapse

All bookings with travel dates from 1 November onwards would be cancelled as no final decisions have been made regarding Youtravel’s future

Court Line at 50: how travel's then biggest failure shaped its future for the better

Court Line’s failure 50 years ago changed travel’s trajectory for ever – this month, Dave Richardson explores the lessons the industry and the trade learnt

Protected Trust Services takes on Wonderluxe Travel homeworkers

Wonderluxe Travel has been placed into voluntary liquidation after losing a silent partner, who was an investor in the business

Limited failures sees Air Travel Trust pot rebound to nearly £200 million

The Air Travel Trust Fund stands at £199 million following a few small failures in 2023/24, the CAA has confirmed in its annual report – albeit still well down on pre-Thomas Cook levels

Youtravel extends travel blackout despite talks with possible buyer

Bed bank Youtravel has put a stop on reservations until 31 October amid talks of a possible rescue deal after parent company FTI Touristik became insolvent

Agency shut down after failing to refund customers almost £600,000

Insolvency Service chief investigator Cheryl Lambert said it ’had no option’ but have the company wound-up to protect future customers

Thomas Cook's creditors to receive share of £280 million pay-out

The Official Receiver has said creditors will receive a share of £280 million five years after the collapse of Thomas Cook Group

Specialist operator ceases trading as Atol holder after 30 years

CAA confirms failure of Southend-based Special Pilgrimages