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Old 3rd Oct 2017, 17:40
  #805 (permalink)  
rog747
 
Join Date: Feb 2008
Location: UK
Age: 66
Posts: 849
Received 45 Likes on 23 Posts
totally wrong

the monarch repatriation is not paid out of your pockets nor any UK tax payer nor any funds misappropriated by the CAA's own money as suggested above = all nonsense

the costs are all met from the air travel reserve fund (a Bond) set up after the Clarksons Court line collapse in 1974 (it was called TOSG then)

that collapse was big almost 50000 repatriated in 1974 - this is more than twice that

any air ticket and ATOL booking is costed with an amount into that when tour operators and airlines place their bond with the CAA



the air travel reserve fund set up by and used by the CAA to repatriate pax from collapsed tour operators and airlines and usually they have lodged a £££ bond - used to be TOSG tour operator study group - the travel trust
now ATOL and called the ATT Fund

https://www.caa.co.uk/ATOL-protectio...-Travel-Trust/


this is NOT funded by the UK tax payer - the ATT fund has a huge surplus

where do you get this nonsense from that its your hard earned money being spent - its not

it comes from this reserve fund and that in turn is funded by the airlines/holiday companies lodging a bond with the CAA which is money from sales of their tickets and holidays - a small % of each projected sale - its part of your protection when you buy an ATOL bonded tour or ticket
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