Date 4 August 2011
For 12,000 holiday makers travelling with Holidays 4 U, the summer get-away has became a nightmare.
Holidays 4 U (also trading as Aegean Flights), that had specialised in selling packages and flights to Turkey, has been placed into administration.
Holidays 4 U employed 18 staff, all of whom will now be made redundant in the course of the administration. As for the holiday makers, the Civil Aviation Authority (CAA) will (as in a now all too established operation) be responsible for returning passengers who had booked flights as part of a package holiday with Holidays 4 U. Those passengers, together with those who have booked to travel with Holidays 4 U in the future, can also apply to be reimbursed out of CAA's Air Travel Organisers' Licensing Scheme (“ATOL”).
Following on from the collapse of Dream Holidays just last month, the loss of Holidays 4 U underlines the fragile state of the package holiday industry, which has very much become a headline victim to the lack of consumer spending and confidence in the UK economy.
In recent times, Holidays 4 U boasted an annual turnover of £35million. The fact that it has entered into administration from that position of strength, can only add to the concerns of all package tour operators that in the current economic climate, no-one is safe.
If you would like more information or advice relating to a specific matter, please do not hesitate to contact Ben Ashworth on 01727 798000 or by email at ben.ashworth@salaw.com.
© SA LAW 2011
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