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If easyJet goes under, you're not screwed
If easyJet were to go insolvent before you could take a package you've booked online with the company, fear not: you're insured. Since the beginning of the month, the European low-cost carrier has arranged with credit protection company International Passenger Protection to make sure customers don't lose out if the airline as a whole takes a nose dive.According to Paul Phillips, group treasurer of easyJet:
"We pride ourselves at being one of the leading and most innovative airlines in the UK and, despite our strong financial standing, we recognise that we have important legal obligations to adhere to under the UK Package Travel Regulations. We acknowledge our continued duty to give passengers financial peace of mind when buying travel packages online from us."
Paul Mclean, director at IPP, said:
So, if nothing else, you have one less worry when booking our next trip!
[photo by WexDub via Flickr]
"The travel industry and travelling public have suffered a surge of financial collapses in the last two years and headlines of passengers losing their holidays are becoming commonplace. We are delighted to be working with easyjet to ensure its continued compliance with the relevant consumer protection legislation in place."
So, if nothing else, you have one less worry when booking our next trip!
[photo by WexDub via Flickr]
