21 April 2020
The Government is reportedly close to agreeing a £4 billion relief package for the travel industry.
According to reports in the Sunday Telegraph, ministers are drawing up plans to guarantee refunds to customers who have had their holidays cancelled because of COVID-19.
The package, which will allow ATOL-protected companies to offer credit notes backed by a Government guarantee, is being overseen Transport Secretary Grant Shapps and Business Secretary Alok Sharma, with the help of ATOL chief Andy Cohen, the Telegraph claims.
The Government guarantee will ensure customers get their money back in the event their travel provider fails.
The Department for Transport has not commented on the report.
