easyJet become first Low Cost Carrier to protect passengers under the Package Travel Regulations by way of Insurance
From 2nd September 2010, easyJet Airline Company limited (easyJet) is switching its financial security obligations provider from the Travel Trust Association to International Passenger Protection Ltd (IPP). All passengers booking Packages (flights plus other travel components) online with easyJet will continue to benefit from financial protection in the event of its insolvency. easyJet will be the first low cost carrier to protect its passengers through insurance arranged with IPP the world leaders in providing credit protection products to the travel industry.
Paul Phillips, Group Treasurer of easyJet Airline Company Limited stated “We pride ourselves at being one of the leading and most innovative airlines in the UK and, despite our strong financial standing, we recognise that we have important legal obligations to adhere to under the UK Package Travel Regulations. We acknowledge our continued duty to give passengers financial peace of mind when buying travel packages online from us”.
“The travel industry and travelling public have suffered a surge of financial collapses in the last two years and headlines of passengers losing their holidays are becoming commonplace. We are delighted to be working with easyJet to ensure its continued compliance with the relevant consumer protection legislation in place,” stated Paul Mclean, Director at IPP.
Anyone wishing to protect themselves for ‘flight only’ bookings can purchase cover separately through EasyJet’s competitive Travel Insurance policy.
Source: Michael Ward - International Passenger Protection Ltd