This levy is what Tour Opertors in the UK have already been funding for many years, an ATOL.
The mockery of the whole thing is that if these EuJet passengers were overseas with a UK based tour operator the ATOL fund would have provided funds to repatriate them.
This is the first failure of a "low cost carrier" and highlights the risk to the public, the government is currently looking at a revised ATOL scheme which would mean Tour Operators and airlines all paying a levy of something in the region of £1 or £2 per passenger, this would resolve the currently unfair system whereby a low cost carrier doesnt need the ATOL.
OA