Monday, November 22, 2004

New bonding rules by end of 2005?

New financial protection rules

NEW rules to broaden the financial protection for holidaymakers could become law by the end of next year, it has emerged.

Parliament’s Transport Committee chairwoman Gwyneth Dunwoody predicted a voluntary bonding scheme for airlines could be introduced next summer with legislation following by Christmas.

She said the issue had become “terribly important” as increasing numbers of consumers book “bits” of packages – such as flights and hotels - which offer consumers no financial safeguards whatsoever.

New legislation would expand protection to include scheduled airline seats and, in all probability, accommodation only.

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