ATOL Meaning and
Definition
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ATOL, short for Air Travel Organizers' License, is a regulatory scheme established by the Civil Aviation Authority (CAA) in the United Kingdom. It is a financial protection program designed to protect consumers who book package holidays that include flights. The purpose of an ATOL is to ensure that travelers are not left stranded or financially disadvantaged in case their travel operator ceases trading.
Under the ATOL scheme, travel companies that sell flights and package holidays are required by law to hold an ATOL license. This license guarantees that if a company goes out of business, customers who have booked a holiday are financially protected. It provides assurance that if the travel company fails, affected customers will receive a refund for their trip or, if necessary, be repatriated to the UK without incurring extra costs.
When a travel company becomes ATOL protected, they are issued a unique ATOL number. This number is usually displayed on their website and documents, demonstrating their compliance with the scheme.
Consumers are advised to check for an ATOL license when booking package holidays or flight-inclusive trips. By doing so, travelers can have peace of mind knowing that they are protected in the event of unforeseen circumstances affecting their travel operator.
Common Misspellings for ATOL
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