This smacks of thinly disguised racism, for which I think there is no place on Pprune.
What rubbish!! Where has there been a suggestion of racism?? The story here has been about an agent(s) ripping off passengers. The fact it is an Asian agency has nothing to do with it. What about all the other agencies that have gone during this summer. They were what holidaymakers thought were perfectly normal agents.
The moral of this is if it isn't ATOL protected then you take a gamble. Same as buying goods off ebay, you take your chance!
As suggested elsewhere
One bent Asian business screwing another bent Asian business over a bunch of Asians wanting a cheap deal. Why is anyone either surprised or bothered ?
smacks of reality here.
Regarding the whip round by the Spanish Airline it seems they were only paid for the ATQ-VIE sector. What was the alternative, off load and position the aircraft back to MAD? Which is what it did after dropping the passengers off at BHX. Then a new can of worms would be opened.