ATOL covers any eligible arrangements booked with a UK licensed operator.
There are subs in all the European countries I checked. What is not clear to me is whether those subs are trading under their UK license or have country specific licenses. Depends on EU / Not EU I should think.
I see in the US that TC has filed under Chapter 15. That is essentially Chapter 11 but for foreign registered businesses.
In any case, ATT has £180m in the bank and insurance for another £400m. It's difficult to imagine any circumstance where there will be a great shortfall.
However, not 100% of holidays will be ATOL protected, for sure some will not be. What number of travellers that might become I have no idea, but it's more than none.
For those I assume the Government will be funding repatriation or at least taking some steps.
Last edited by: No FM2R on Sun 22 Sep 19 at 17:28
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