Flightrider
The sale of a package in the UK requires ATOL and lets be honest here, we've all seen operators selling packages originating in the UK using Spanish (or other jurisdiction) bonding rather than the CAAs ATOL. Which is a ridiculous yet compliant practice.
In this instance, ATOL regulations have no standing in the Isle of Man but we have been in dialogue with both the IOM and UK CAA to ensure compliance with the 'Airline Ticketing Agent' rules in respect of the IOM TT 2021 and there are contracts in place with the operating carrier. So in response to your question, yes. There is no mark, no seal or badge to display in respect of this as you would with ATOL.
To clarify again: in its current form, this is not an airline, virtual airline or attempt to be anything in between. Its a travel business focussed on crearing much needed lower cost capacity for a specific event. The UK - unlike the US - does not have separate governance of 'public charters'. If - big if - we look to do anything more including our current review of undertaking scheduled services, then we will only do this in a fully regulated manner than a half botched bandaid airline. But that's still early days.