Advantage Travel Centres is promoting its insurance against airlines going bust to agents as soaring fuel prices endanger the future of carriers globally.
With Eos, Oasis and MAXjet going under and Silverjet in trouble, the consortium is urging agents to ensure that they and their clients are protected. It offers its Scheduled Airline Failure Indemnity (SAFI) programme to agents.
Advantage Financial Services director David Sharp said: “The whole industry is watching what the airlines are doing as fuel prices are going up.
“Recent news of flight suspensions is showing that airlines are really feeling the squeeze and it is anticipated that high oil prices will continue to cause problems in the foreseeable future. Agents must take action to get cover if they haven’t done so already or airline failure will without a doubt affect their businesses.”
He added: “We are urging agents, not just Advantage members, to make sure they, and their customers, are protected in the event that an airline goes bust and our SAFI product not only provides that cover but is also approved by the CAA.”
The SAFI covers all airlines currently operating outside of chapter 11 bankruptcy protection.
By Dinah Hatch
