Journey companies which can be resulting from renew their ATOL this month are being urged to submit their renewal purposes effectively earlier than September 30th to keep away from a delay to processing.
Greater than 45 per cent (510 of the potential 1,127) of journey firms are but to use to resume their ATOL.
Whereas the Civil Aviation Authority stated it understands the problems the journey business is going through, it has an obligation to guard shoppers and guarantee that it has full and correct monetary data earlier than processing a renewal.
Because the accountable regulator and consistent with the earlier renewal interval, this contains asking for available extra data to supply an up-to-date image of companies’ monetary place.
With out this data there could also be a delay within the renewal course of.
Whereas there was hypothesis over latest weeks, any situations positioned on licences through the renewal interval are reflective of the present licensing framework and the monetary data offered.
The long run modifications mentioned within the ATOL Reform session don’t have any bearing on present licensing choices.
Michael Budge, head of ATOL licensing on the UK Civil Aviation Authority, stated: “We want to thank journey firms which have already submitted their utility and supporting data for renewal in good time, in addition to partaking with us all through the method.
“We perceive the challenges the journey business is going through, however journey firms which have but to submit their renewals are urged to take action as quickly as doable.
“The sooner they submit, the extra we will interact and assist within the licence renewal course of while appearing in the most effective curiosity of shoppers.
“We’re aware that candidates are searching for fast choices, however reflective of the business’s present monetary challenges, issues can take longer.
“Corporations that apply late threat a delay in having their ATOL licence processed.”
Over 1 / 4 of candidates in March utilized within the final ten days main as much as the renewal deadline, which created challenges for each the journey firm and Civil Aviation Authority.
